Tern Plc’s Stake in Sure Ventures Yields Significant Return from Cybersecurity Sale

Tern plc ( (GB:TERN) ) just unveiled an update.

Tern Plc has announced that Sure Ventures PLC, in which it holds a 2.7% stake, is set to receive a £1.52 million cash inflow from the sale of its investment in Visibility Blockchain Limited, a cybersecurity company specializing in data visibility and control. This sale, made to Forcepoint, represents a significant return on investment for Sure Ventures and will be used to pay down debt, maintain working capital, and potentially distribute dividends to shareholders, signaling a positive financial position and future prospects for the company.

More about Tern plc

Tern Plc is an investment company focused on supporting high-growth, early-stage businesses in the Internet of Things (IoT) technology sector.

YTD Price Performance: -14.29%

Average Trading Volume: 3,190,128

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £6.53M

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