7th Oct 2015 08:05
LONDON (Alliance News) - Investment company Tern PLC on Wednesday said it has reached a settlement on a legal claim it made prior to its reorganisation in August 2013.
Tern has received payment in full on its claim, totalling GBP37,500, and is now awaiting finalisation and payment of the legal costs and expenses it incurred from pursuing the case.
In August 2013, Tern changed its name and focused its investment strategy on the technology sector, having previously been called Silvermere Energy PLC and seeking natural resources investments.
Shares in Tern were down 3.5% to 15.20 pence on Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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