Tern Plc : Issue of Equity

Tern Plc : Issue of Equity

Tern Plc
(the "Company" or "Tern")

Application for admission

Tern, the investment company specialising in the cloud and mobile sectors, announces that it has made an application to the London Stock Exchange for 26,411 new ordinary shares arising on the exercise of warrants, to be admitted to trading on AIM.  It is expected that such Admission will become effective and that dealing will commence at 8:00 a.m. on 9 January 2015.

Immediately following admission, Tern will have an issued share capital of 45,254,938 ordinary shares of 0.02p each. 

Enquiries:

 
Tern plc Tel: 07973 561 232
Angus Forrest
WH Ireland NOMAD and Broker Tel: 0117 945 3471
John Wakefield
Peterhouse Corporate Finance (Joint broker) Tel. 020 7469 0936
Lucy Williams
Redleaf Polhill Tel. 020 7382 4769
Charlie Geller

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.




This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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

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Companies

Tern (TERN)
UK 100

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