21 July 2016
Tern Plc
(AIM: TERN)
Update on investments
Tern Plc (AIM:TERN), the investment company specialising in the cloud and mobile sectors, is pleased to announce that the two business units acquired from Flexiant Limited for £75,000 are well advanced with significant changes being implemented to improve performance.
Trading has recommenced and to date over £90,000 has been collected from debtors. Further updates will be made in due course.
Enquiries:
Tern plc Tel: 07973 561 232
Angus Forrest
WH Ireland NOMAD and Broker Tel: 0117 945 3471
John Wakefield / Ed Allsopp
Peterhouse Corporate Finance (Joint broker) Tel: 020 7469 0936
Lucy Williams / Duncan Vasey
About Tern:
Tern Plc acquires and invests in privately owned companies with self-owned IP, established products and customer bases. Its investment strategy is focused on taking an active role in its investee companies in order to improve the business model, accelerate growth, expand the business globally, and identify exit opportunities.
This announcement is distributed by GlobeNewswire on behalf of GlobeNewswire clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Tern Plc via GlobeNewswire [HUG#2029748]
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