- Internet of Things investment company Tern said it had noted a large rise in share price, but knew of no reason for the rally, save from developments already announced to the market.

As communicated on 16 May, the aggregate balance sheet valuation of Tern's investments was around £11m.

Its cash position at 12 June 2018 was £1.49m.

At 1:44pm: [LON:TERN] Tern Plc share price was -4.5p at 42.5p

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