TRADING UPDATES: Microsalt's retail offer success; Tern CLN issue
12th Dec 2025 20:30
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
Tern PLC - internet-of-things focused investor - Determines that it has insufficient funds to meet capital calls by Sure Valley Ventures Enterprise Capital Fund LP. Says it has exhausted what it considers to be "all reasonable mitigation measures, including salary reductions, open offer fundraising, shareholder engagement, and collaborative effort with SVV2 to identify a replacement investor". In June, shareholders rejected a resolution to give Tern directors authority to disapply pre‑emption rights when allotting shares for cash. Then, an open offer to shareholders in October for up to GBP642,486 only delivered proceeds of GBP151,136. As a result, Tern has requested relief from its funding obligations to SVV2 and will be classified as a defaulting investor. Remedies available under the limited partnership agreement include forfeiture of existing capital or the compulsory transfer of Tern's interest in SVV2. If Tern's existing paid‑in capital is not required to be forfeited, and no other SVV2 Ltd partner elects to assume Tern's commitment, Tern's paid‑in capital will remain invested within SVV2 until the cessation of the fund, at which point any residual value will be returned in accordance with the LPA, "although defaulting investor status may reduce Tern's rights to distributions during the life of the fund and could limit Tern's recovery compared to non-defaulting investors," company notes. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Monday. Read More
(Alliance News) - Stock prices in London opened higher on Monday amid gains for GSK and AstraZeneca, while the gold price continued to climb. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Thursday. Read More
(Alliance News) - Stock prices in London opened lower on Thursday ahead of the interest rate decision from the European Central Bank. Read More
(Alliance News) - London-based 'internet of things' technology investor Tern PLC on December 23 announced the completion of tranche two of the Device Authority Ltd fundraising. Read More
Tern PLC - London-based 'internet of things' technology investor - Says it has invested GBP175,000 into Sure Ventures PLC shares, to be issued as part of a Sure Venture placing for up to around GBP275,000. Tern will acquire 213,414 shares in the venture capital fund specialising in early-stage software companies at 82 pence each, in line with the mid-market closing price of Sure Ventures' shares on December 31. Tern will hold around a 2.7% stake in Sure Ventures after shares have been admitted to the London Stock Exchange on January 8. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and Friday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Tern PLC - London-based investor focused on internet-of-things technology companies - Says the subscription period for its TO4 warrants has completed. Around 91% of the outstanding TO4 warrants were exercised, providing SEK6.4 million, GBP500,000, to Wyld Network AB. As previously announced, Tern has exercised 245,699 TO4 warrants to subscribe for 245,699 shares in Wyld Networks at SEK1.83 per share for a total cost of around GBP33,400. Following Tern's exercise of the warrants, the company holds 4.1 million shares in Wyld Networks, representing around 20% of its issued share capital. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday. Read More
Tern PLC - London-based 'internet of things' technology investor - Raises GBP420,000 via placing 17.5 million shares at 2.4 pence each. The placing price represents a 31% discount to the company's closing price of 3.48p on Thursday. Tern will use the funds to invest in Wyld Networks AB and to invest in at least one more investee, as well as for general corporate purposes. Read More
(Alliance News) - Tern PLC on Tuesday announced that one of its investee company's had a strong start to the year. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday. Read More