12th Jun 2023 14:06
Tern PLC - Investment company specialising in supporting early-stage internet of things technology businesses - Signs loan facility agreement of up to GBP3.0 million with unnamed investor, which will be available for up to 36 months. Says the facility provides an initial drawdown of GBP500,000, which it has already drawn down, with further drawdowns subject to the conditions of the facility. Terms include a monthly interest rate of 1.0%, starting from the date of the drawdown.
Current stock price: 5.43 pence, up 14% on Monday
12-month change: down 52%
By Sabrina Penty, Alliance News reporter
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