Investment in One-Page (5592C)
May 02 2012 - 5:01AM
UK Regulatory
TIDMTMT
RNS Number : 5592C
TMT Investments PLC
02 May 2012
02 May 2012
TMT INVESTMENTS PLC
("TMT" or the "Company")
The One-Page Company, Inc. - Conversion of promissory note
TMT is pleased to announce that on 01 May 2012, its portfolio
company The One-Page Company, Inc. ("One-page") raised US$1.0
million in a series A equity financing led by Blumberg Capital
("Series A"). According to the terms of the Company's convertible
promissory note in One-Page (the "Note"), the outstanding principal
and unpaid accrued interest of the Note amounting to US$244,293.84
was converted into One-Page's preferred shares at an equity
valuation equal to 80% of the equity valuation of One-Page
applicable to the Series A financing. As a result, TMT currently
owns 305,642 preferred shares in One-Page representing 6.09% of
One-Page's fully diluted equity capital.
TMT's original investment was made on 6 February 2012 and
consisted of a US$242,500 unsecured convertible promissory note in
One-Page.
TMT's Executive Director Alexander Selegenev said: "The latest
equity fundraising is an important vote of confidence in One-Page's
business model and management team, and the new funds will provide
additional firepower for the company's future growth. We are
pleased that this opportunity to convert our Note on favourable
terms has allowed us to increase the fair value of our investment
in One-Page by 25% after only 3 months."
One-Page (www.1-page.com) is an early-stage 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.
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
Kinlan Communications Tel. +44 (0) 20 7638
David Hothersall 3435
davidh@kinlan.net
This information is provided by RNS
The company news service from the London Stock Exchange
END
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