Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

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We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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Tern Plc (TERN)

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Friday 11 August, 2017

Tern Plc

Statement re Potential new investment and Propo...

Statement re Potential new investment and Proposed fundraising for Device Authority in the United States

11 August 2017

Tern Plc (AIM: TERN)

Potential new investment
Proposed fundraising for Device Authority in the United States

Tern Plc (AIM:TERN), the investment company specialising in Internet of Things, is pleased to announce that it has signed a term sheet to invest in InVMA Limited ("InVMA").   

InVMA is an established and growing player in the market for IoT enablement.  InVMA designs, builds and supports secure, innovative solutions that seamlessly connect devices, applications, systems and smart products to create an Internet of Things that delivers real business value and competitive advantage. It is also a key strategic partner for Device Authority Limited and it is expected that InVMA's entry into the Tern portfolio will be beneficial to that relationship.

The anticipated completion date of the InVMA investment is in August 2017 and management regards the negotiations to be at an advanced stage and that progress towards completion is satisfactory and on-track. However, there can be no certainty that the InVMA investment will complete, nor as to its final terms. A further announcement regarding the InVMA investment will be made in due course.

Proposed fundraising for Device Authority Ltd

Tern is also pleased to announce that its investee company, Device Authority Limited, has signed a term sheet with US Capital Partners ( to raise new equity through a private placement offering. The minimum subscription from the private placement will be $2.5 million at first close which is expected to be in September 2017. The fundraising attributes a pre-money valuation to Device Authority of $36m, or $0.75 per share, up from $23m or $0.47 at the last equity issue.  It is anticipated that an engagement letter will be signed by the end of August 2017 and the fund raising will close 120 days later.

Al Sisto, CEO of Tern plc, said:

"Tern's goal is to be a leading U.K. IoT investment company with a portfolio of world class companies whose products help secure, enable and analyse applications and devices, to securely connect, inform, and provide continuous value to the enterprises and governments who use them."

"This potential new investment will enable us to strengthen our portfolio with an exciting opportunity that we firmly believe has the potential to deliver significant returns for our shareholders".

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014


Tern Plc
Al Sisto/Sarah Payne
via Redleaf

WH Ireland
(NOMAD and joint broker)
Mike Coe/Ed Allsopp

Tel: 0117 945 3470

Whitman Howard
(Joint broker)
Nick Lovering/Francis North

Tel: 020 7659 1234

Redleaf Communications
David Ison/Elise Palmer

Tel: 020 7382 4730

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Tern Plc via Globenewswire

a d v e r t i s e m e n t