TIDMTMT
RNS Number : 9612W
TMT Investments PLC
07 February 2012
7 February 2012
TMT INVESTMENTS PLC
("TMT" or the "Company")
Investment in The One-Page Company, Inc.
The Board of TMT is pleased to announce the completion of an
investment in The One-Page Company, Inc. ("One-Page"), a start-up
company building corporate software-as-a-service ("SaaS") solutions
and consumer Internet proposal platform that enables users to
systematically create, solicit, distribute, and negotiate one-page
proposals between individuals and companies from anywhere around
world (www.1-page.com). TMT's investment consists of a US$242,500
unsecured convertible promissory note in One-Page (the "Note") on
the following terms:
-- Interest rate - 5% per annum;
-- Term - 24 months from the date of issuance of the Note;
-- Conversion - the outstanding principal and unpaid accrued
interest of the Note will be automatically converted into
One-Page's equity securities upon the earliest of (i) closing of
the next equity financing, or (ii) on a change of control of
One-Page, in either case at an equity valuation equal to the lower
of (i) 80% of the equity valuation of One-Page applicable to the
next equity financing or change of control, or (ii) US$5,000,000
(subject to certain adjustments);
-- Right to participate in the next equity financing - TMT will
have the right to purchase up to thirty (30%) percent of the total
number of One-Page's equity securities sold in the next equity
financing.
Definitive agreements for the transaction were entered into, and
the transaction was completed, yesterday.
One-Page was established in Delaware on 19 December 2012.
Together with its 100%-owned subsidiary Topc, LLC, One-Page holds
all the intellectual property rights developed for the One-Page
project. One-Page is obligated to merge Topc, LLC into itself by 1
July 2012.
In 2002, One-Page's founders pioneered the concept of the
'One-Page Proposal' with an international best-selling business
book, published by Harper Collins. In 2009, they launched what is
now the core of the company's business - the '1-Page Job Proposal',
and built the first on-line one-page proposal writing wizard that
automates the writing and delivery of proposals through all social
media (launched as a Beta version in the summer of 2011). The
company is now developing a global marketplace where both buyers
and sellers (employers and employees) of proposals can source,
create, share, and read job proposals across all industries.
One-Page has developed one of the most innovative enterprise
solutions to attack the booming market for jobs, a 400 billion
dollar market segment with one of the largest messaging problems in
the world. The 1-Page Job Proposal is the first solution that
enables job seekers and employers seeking the best talent to
evaluate competency and actionable ideas that can make companies
better - on one page. Additionally, the 1-Page Job Proposal
solution provides clients with access to valuable data mining
opportunities, enabling them to collect data which has not been
previously available; shift the time-value from past-stored raw
data to real-time actionable data; and convert the most valuable
data into value transactions and enhanced earnings.
One-Page is led by CEO Joanna Riley Weidenmiller. Prior to
One-Page, Joanna founded Performance Marketing, a
business-to-business direct marketing company focused on new client
acquisition for fortune 500 companies, which she launched in
Chicago and New York. She has a BA degree from the University of
Virginia.
TMT believes that the investment in One-Page, along with its
recent investment in social network for software developers Gild,
provides the Company with good exposure to the growing online
recruitment market. In the current market, where companies are
overwhelmed with diverse CVs, unable to get talent, and are being
deprived of time, money, and manpower resources, One-Page smartly
addresses these problems. TMT believes that the platform and
know-how developed by One-Page has great potential.
One-Page did not have any financial accounts in respect of the
year ended 31 December 2011.
7 February 2012
For further information contact:
TMT INVESTMENTS PLC +44(0)1534 281 843
Mr. Alexander Selegenev alexander.selegenev@tmtinvestments.com
www.tmtinvestments.com
ZAI Corporate Finance Ltd
NOMAD and Broker
Marc Cramsie/Irina Lomova 020 7060 2220
About TMT Investments
The Investment Policy & Strategy
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 financing.
In addition, the Company intends to invest in publicly traded
equities which have securities listed on a stock exchange or
over-the-counter market. These investments may be 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.
Private Companies
The Company will target small and mid-sized companies and will
seek to secure at least blocking stakes and board representation,
where it considers that the Company and/or an investee company
would benefit from such an appointment. The Company will consider
making equity investments in lower than blocking stakes only where
it sees ways to increase the stakes to blocking or controlling
stakes at a later date. Each investment is expected to be at least
US$250,000.
The investments targeted by the Company will aim to support
rapidly-growing private companies to increase market share and
achieve long-term shareholder value. It is envisaged that if the
Company invested in a private company prior to that company listing
on a stock market, the Company would retain a part of its
investment in the listed entity going forward. The Company intends
to work closely with the management of each investee company to
create value by focusing on driving growth through revenue
creation, margin enhancement and extracting cost efficiencies, as
well as implementing appropriate capital structures to enhance
returns.
Public Companies
When investing in public equities, the Company will seek to
select companies with a dominant market share or strong growth
potential in their respective segments. No restrictions will be
placed on the size of public companies in which the Company may
make an investment. The Directors intend to make investments in
companies or businesses with attractive valuation, growth
potential, with competent and motivated management, which enjoy
brand recognition, have scalable business models, have strong
relationships with customers and have in place transparent
accounting policies.
Realisation of Returns
The Directors will, when appropriate, consider how best to
realise value for Shareholders whether through a trade sale,
flotation or secondary refinancing of the investee companies. The
proposed exit route will form a key consideration of the initial
investment analysis.
The Company expects to derive returns on investments principally
through long-term capital gains and/or the payment of dividends by
investees. The primary ways in which the Company expects to realise
these returns include: (a) the sale or merger of a company; (b) the
sale of securities of a company by means of public or private
offerings; and (c) the disposal of public equity investments
through the stock exchanges on which they are listed.
For private investee companies the Company believes that its
typical investment holding period should provide sufficient time
for investee companies to adequately benefit from the capital and
operational improvements resulting from the Company's investment.
The targeted holding period shall be reviewed on a regular basis by
the Company, but it is expected that this will typically be between
two to four years. For public equities the Company's objective is
to maximise capital appreciation. Following the acquisition, the
Company will continue to conduct extensive research and monitoring
of the investment. Importance will be placed on the timing of any
disposal which will follow a thorough review of market conditions
and those reports and sources that are available to investors.
Should the Company consider that the capital appreciation of a
particular public equity investment has reached its peak or is
likely to or has begun to decline, then the Company will consider
the sale of that investment.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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