Device Authority convertible loan note maturity...

Tern PLC (TERN) Tern PLC: Device Authority convertible loan note maturity date extension 30-Sep-2020 / 07:00 GMT/BST Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. 30 September 2020 Tern Plc ("Tern" or the "Company") Device Authority convertible loan note maturity date extension Tern Plc (AIM:TERN), the investment company specialising in the Internet of Things ("IoT"), announces that the maturity date for all convertible loan notes provided to its portfolio company Device Authority Limited ("Device Authority") by Tern, Alsop Louie Partners and the George Samenuk Family Trust et al., has been extended to 31 March 2021. All existing repayment and conversion rights, automatic and at the holder's option, have also been extended to 31 March 2021. All other terms of these loan notes remain unchanged. The outstanding loan balance payable by Device Authority to Tern currently stands at $3.6 million, excluding interest accrued to date. Further details regarding the terms of Tern's loans to Device Authority can be found in the Company announcements regarding the first and second tranches of the loan notes made on 30 November 2017 and 28 December 2017 respectively. All other subsequent tranches of loans notes were issued on the same terms as the second tranche, save for any revisions to maturity dates.  Enquiries Tern Plc Al Sisto/Sarah Payne via Newgate Communications Allenby Capital Limited (Nomad and broker) David Worlidge/Alex Brearley (Corporate Finance) Guy McDougall (Equity Sales) Tel: [phone] Newgate Communications Elisabeth Cowell/Megan Kovach Tel: [phone]

ISIN:	GB00BFPMV798
Category Code:	MSCU
TIDM:	TERN
LEI Code:	2138005F87SODHL9CQ36
Sequence No.:	85113
EQS News ID:	1137756

End of Announcement	EQS News Service