Tern confirms final conversion of remaining loan note

Internet of Things investment company Tern has confirmed it will issue 15,714,285 shares at 1.75p each pursuant to the conversion of £275,000 of the loan note announced on 30 November 2017. This represents the final conversion of the remaining loan note.

The funds raised will be used to provide a loan to investee business DA and help build Tern's pipeline of investment opportunities.

The new shares will be admitted for trading on AIM on or around 5 January 2018.

At 8:03am: (LON:TERN) Tern Plc share price was 0p at 2.13p