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IN BRIEF: Tern down after raising GBP420,000 via discounted placing

12th Apr 2024 09:43

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.

Current stock price: 2.68 pence each, down 2% on Friday morning in London

12-month change: down 59%

By Tom Budszus, Alliance News slot editor

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