Tern Plc : Acquisition

9 June 2016

Tern Plc

(AIM: TERN)

Acquisition of Flexiant Limited

Tern Plc (AIM:TERN), the investment company specialising in the cloud and mobile sectors, announced on 26 May 2016 that it had agreed, subject to contract and completion of satisfactory due diligence, to acquire Flexiant Limited ("Flexiant") from Flexiant Corporation Limited.

As the conditions have not been met the acquisition as outlined will not proceed.  Discussions are continuing and further updates will be provided in the event of any new developments.

Tern plc	Tel: [phone]
Angus Forrest
WH Ireland NOMAD and Broker	Tel: [phone]
John Wakefield/Ed Allsopp
Peterhouse Corporate Finance (Joint broker)	Tel: [phone]
Lucy Williams / Duncan Vasey

Enquiries:

About Tern:

Tern Plc acquires and invests in privately owned companies with self-owned IP, established products and customer bases. Its investment strategy is focused on taking an active role in its investee companies in order to improve the business model, accelerate growth, expand the business globally, and identify exit opportunities.

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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

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