Portfolio Update (3458E)
May 29 2012 - 10:19AM
UK Regulatory
TIDMTMT
RNS Number : 3458E
TMT Investments PLC
29 May 2012
29 May 2012
TMT INVESTMENTS PLC
("TMT" or the "Company")
Gild, Inc. - New equity financing
TMT is pleased to announce that on 25 May 2012, its portfolio
company Gild, Inc. ("Gild") completed the initial closing in an
equity financing round of up to US$2.1 million at US$0.0186 per
share led by existing shareholder Globespan Capital Partners and a
number of new prominent investors.
TMT's original investment in Gild was made on 5 December 2011
when TMT acquired 6,581,419 new series BB preferred shares
representing 3.56% of Gild's fully diluted equity capital at the
time at US$0.0479 per share for an aggregate net consideration of
US$315,250. After the new equity financing is completed, TMT will
hold approximately 2.21% of Gild's fully-diluted equity
capital.
Gild's recruiting solutions are aimed at changing the way
companies find and engage the talented software developers they
need. With information on the technical skills of over 400,000
developers, combined with the social insights needed to engage
them, Gild's objective is to dramatically cut recruiting costs and
improve hiring efficiency.
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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