Konektio update

Tern PLC

29 November 2023

 

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 Konektio^TM ("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: [phone]
IFC Advisory (Financial PR and IR) Tim Metcalfe Graham Herring Florence Chandler	Tel: [phone] [e-mail]

 

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