3rd May 2024 13:39
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.
Current stock price: 3.50 pence per share, up 2.0% in London on Friday afternoon
12-month change: down 22%
By Hugh Cameron, Alliance News reporter
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