Dear client
We have been notified of an open offer for Tern plc
Tern Plc, the company focused on value creation from Internet of Things ("IoT") technology businesses, announces an underwritten Open Offer to raise approximately £642,486 (before expenses) through the issue of 64,248,646 Open Offer Shares at an Issue Price of 1.00p per Open Offer Share.
Under the Open Offer, all Qualifying Shareholders are entitled to subscribe for Open Offer Shares at the Issue Price on the basis of:
1 Open Offer Share for every 9 Ordinary Shares held on the Record Date.
The Issue Price of 1.00p per Open Offer Share represents a discount of approximately 16.7 per cent. to the closing middle market price of 1.20p for each Ordinary Share on 11 July 2025
The Open Offer is only conditional upon the admission of the Open Offer Shares to trading on AIM.
Effective Date: 31 July 2025
Please see all the relevant information in the notification attached.
There are no current holders on platform.
Should you have any questions then please click the “Contact Customer Services” button below or contact our helpline on 0845 783 5500, Monday to Friday 9am – 5pm
Kind regards
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