First Day of Trading

TIDMTMT

RNS Number : 7001X
TMT Investments PLC
10 December 2010

TMT INVESTMENTS PLC
("TMT" or the "Company")
FIRST DAY OF TRADING
PLACING OF US$ 20 MILLION AND ADMISSION TO AIM

10 December 2010
The Directors of TMT are pleased to announce that the ordinary shares of the
Company (the "Ordinary Shares") have today commenced trading on AIM. The
Ordinary Shares will trade under the ticker TMT and the Company's ISIN is
JE00B3RQZ289.
TMT is a new company incorporated under the laws of Jersey. The Company has been
established for the purpose of identifying and acquiring, or making and
disposing of investments in the TMT sector. The Company will primarily target
companies operating in markets that the Directors believe have strong growth
potential and having the potential to become multinational business. Although
the Company can invest in any region of the world, the Directors and Consultants
have expertise in emerging markets and in particular in Russia and the
Commonwealth of Independent States.
On Admission, TMT will have no trading business, giving the Directors a platform
to carry out a detailed examination of potential acquisition targets. The
Directors' current intention is to make at least three investments within the
first 18 months from Admission.
The Investment Case
The Directors believe that market conditions over recent years have proven
difficult for certain businesses operating in the TMT Sector and that an
opportunity now exists for acquiring and/or investing in such businesses so that
their growth potential can be realised for the benefit of the Shareholders.

The Directors believe that recent volatility in the general economic markets and
the TMT Sector has created a number of investment and acquisition opportunities
and that a number of TMT businesses may be short of capital but yet have
potentially highly valuable assets and operations. In addition, an increasing
proportion of venture capital firms are shifting their focus to later-stage
companies and follow-on investments in existing portfolio companies exacerbating
the lack of capital available for early stage TMT companies. The Directors
believe that they can take advantage of such opportunities and invest in
companies on attractive valuation multiples. In the future, the Directors
believe they can create value by sourcing further funds and experienced
personnel, thereby positioning the Company to take further advantage of demand
in the TMT Sector.

The Investment Policy
The Company's objective is to generate an attractive rate of return for
Shareholders, predominantly through capital appreciation, by taking advantage of
opportunities to invest in the TMT Sector.
The Company aims to provide equity and equity-related investment capital, such
as convertible loans, to private companies which are seeking capital for growth
and development, consolidation or acquisition, or as a pre-IPO round of
financing.
In addition, the Company intends to invest in companies in the TMT sector which
have securities listed on a stock exchange or over-the-counter market. These
investments may be made in combination with additional debt or equity-related
financing, and in appropriate circumstances in collaboration with other value
added financial and/ or strategic investors.
The Company is not geographically restricted in terms of where it will consider
making investments. It will consider any geographical area, to the extent that
the investment fits within the Company's investment criteria. The Directors and
Consultants have expertise in emerging markets and, in particular, in Russia and
the Commonwealth of Independent States. The Company will not be subject to any
borrowing or leveraging limits.
The Company has placed 20,000,000 shares at US$1 to raise US$20 million of new
capital. On Admission, the Company will have 20,000,002 Ordinary Shares in issue
and a market capitalization of approximately US$20 million at the Placing Price.
ZAI Corporate Finance has been appointed as Nominated Adviser and Broker to the
Company.
A copy of the admission document and relevant information provided under AIM
Rule 26 is available from the Company's website at www.tmtinvestments.com
For further information contact:
+----------------------------------------------------+------------------------------------+
| TMT INVESTMENTS PLC | +7 926 438 1984 |
| Mr. Alexander Selegenev | |
| www.tmtinvestments.com | |
| | |
+----------------------------------------------------+------------------------------------+
| ZAI Corporate Finance Ltd | 020 7060 2220 |
| NOMAD and Broker | |
| Ray Zimmerman / Richard Morrison / Irina Lomova / | |
| Wei Wang | |
+----------------------------------------------------+------------------------------------+
Board of Directors
Alexander Selegenev, Executive Director
Alexander Selegenev has over 10 years experience in investment banking, with
specific expertise in international corporate finance, equity capital markets
and mergers and acquisitions. Between 2004 and 2008 Alexander was Head of the
London Corporate Finance Department at Metropol (UK) Limited, the London
affiliate of Russia's investment and financial company IFC Metropol. Between
2001-2004, he served as Senior Manager in the International Corporate Finance
Department with Teather & Greenwood Limited, a London-based AIM nominated
adviser and broker. During his time at Metropol and Teather & Greenwood he
worked on over 10 AIM IPOs and over 20 private equity and merger and acquisition
transactions including those in the TMT Sector. Alexander has also worked for
two leading Japanese Investment banks, Daiwa Securities SMBC Europe Limited and
Sumitomo Bank Limited. He has an MSc (Hons) and a BSc (Hons) in Business from
the Peoples' Friendship University of Russia in Moscow and a Bachelor of
Business Studies (Major in Management) from Monash International University in
Australia.
James Joseph Mullins, Independent Non-Executive Director
James Mullins has over 25 years experience in finance and is a director of
numerous funds and companies including the Russian Federation First Mercantile
Fund. The Fund (Class A shares) is listed on the Bermuda Stock Exchange. His
experience in the UK includes working for Deloitte & Touche and British Coal. In
Russia he was head of the Corporate Restructuring Department at Coopers &
Lybrand and later co-founded Branan Management Consultants. From 2004 to 2007,
he was the Finance Director at Rambler Media and was one of the key players in
its successful admission on AIM. He has been a Partner in First Mercantile since
2001. He was previously Deputy Chairman of the Association of European
Businesses in Russia. He is currently Chairman of the Scottish Salmon Company,
which is listed on the Oslo Børs. He is a Fellow of the Chartered Association of
Certified Accountants and he holds a Bachelor of Science degree and a Master of
Arts degree from Trinity College, Dublin.
Petr Vladimirovich Lanin, Non-Executive Director
Petr Lanin has broad experience in investment and brokerage on the Russian
capital markets. He began his career as an equity analyst in the Russian
information agency "RosBusinessConsulting" ("RBC") in 1995. Between 1996 -2000
he served as chief of the share department in Makprombank. Between 2000 and 2006
he held the position of general director of the investment company "Maxwell
Capital". Following his appointment as general director of "Maxwell Asset
Management" in 2003, Mr. Lanin was key in the establishment and management of
many investment funds. He was also one of the managing directors of the venture
capital fund "Maxwell Biotech" which is a closed mutual fund set up and operated
by Maxwell Asset Management. In 2008, Maxwell Asset Management established a UK
FSA subsidiary in which Petr Lanin held a controlled function. At present, Petr
is a chief of the Purchases and Supply Department in Federal State Organisation
"Clinical hospital #1". Petr holds an MBA degree in finance and credit from the
Plekhanov Russian Academy of Economics.
The Company has currently secured the services of the following Consultants:
German Kaplun
Mr Kaplun began his career in software consulting and has previously held the
position of Director of Banking Technology at a Moscow-based software
development company. In 1993 he and Alexander Morgulchik co-founded RBC, a
leading Russian media and internet company, which conducted Russia's first
successful IPO on MICEX and RTS in April 2002. Mr Kaplun has broad experience in
media, banking, software, consulting and real estate. He is currently Chief
Executive Officer of RBC. German Kaplun holds a Master of Science degree from
the Moscow State Institute of Radio Engineering, Electronics and Automation. Mr
Kaplun was awarded a Ph.D. in Economics from the Russian Economic Academy
Alexander Morgulchik
Mr Morgulchik has an extensive background in accounting and banking, and has
participated in a number of commercial ventures. These include a small bank, a
computer hardware/software business and a real estate company. In 1993 he and
German Kaplun co-founded RBC. Before concentrating solely on RBC in 1998, Mr
Morgulchik was a Director and Partner at Orgtechnica, a Moscow-based independent
hardware and software distributor. Alexander Morgulchik holds a Master's degree
and a Ph.D. in Economics from the Russian Economic Academy.

Defined terms in this announcement have the same meaning as the Admission
document.

This information is provided by RNS
The company news service from the London Stock Exchange
END

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