29 November 2023
Tern Plc
("Tern" or the "Company")
Konektio update
Further to the Company's announcement on 8 November 2023, Tern Plc (AIM:TERN), the investment company specialising in supporting high growth, early-stage, disruptive Internet of Things ("IoT") technology businesses, provides an update in relation to its holding in InVMA Limited, which trades as KonektioTM ("Konektio").
Tern confirms that 75% of Tern's holding in Konektio has now been transferred to a valueless class of Konektio deferred shares, as was described in the Company's announcements of 8 November 2023 and 21 November 2023. Additionally, Bruce Leith has stepped down from the board of Konektio as Tern's representative.
Tern will provide a further update in relation to its holding in Konektio at the appropriate time.
Enquiries
| Tern Plc Ian Ritchie (Chairman) | via IFC Advisory |
|
Allenby Capital Limited (Nominated Adviser and Broker) Alex Brearley / Dan Dearden-Williams (Corporate Finance) Kelly Gardiner / Guy McDougall (Sales and Corporate Broking) |
Tel: 0203 328 5656 |
|
IFC Advisory (Financial PR and IR) Tim Metcalfe Graham Herring Florence Chandler |
Tel: 0203 934 6630 |
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
