Tern PLC Device Authority convertible loan notes (1704U)
December 01 2021 - 2:00AM
UK Regulatory
TIDMTERN
RNS Number : 1704U
Tern PLC
01 December 2021
1 December 2021
Tern Plc
("Tern" or the "Company")
Device Authority convertible loan note maturity date
extension
Tern Plc (AIM:TERN), the investment company specialising in the
Internet of Things ("IoT"), announces that the maturity date for
all convertible loan notes provided to Device Authority Limited
("Device Authority") by Tern, Alsop Louie Partners and the George
Samenuk Family Trust et al., has been extended to 31 March 2022.
All existing repayment and conversion rights, automatic and at the
holder's option, have also been extended to 31 March 2022. All
other terms of these loan notes remain unchanged and as previously
announced. The outstanding convertible loan balance payable by
Device Authority to Tern currently stands at US$4.3 million,
excluding US$0.6 million of interest accrued to date.
Enquiries
Tern Plc via IFC Advisory
Al Sisto (CEO)
Sarah Payne (CFO)
Allenby Capital Limited Tel: 0203 328 5656
(Nominated Adviser and Broker)
David Worlidge / Alex Brearley (Corporate
Finance)
Matt Butlin / Kelly Gardiner (Sales
and Corporate Broking)
IFC Advisory Tel: 0203 934 6630
(Financial PR and IR) tern@investor-focus.co.uk
Tim Metcalfe
Graham Herring
Florence Chandler
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