TIDMTMT
RNS Number : 3320F
TMT Investments PLC
14 June 2012
14 June 2012
TMT INVESTMENTS PLC
("TMT" or the "Company")
Appointment of Senior Managers
TMT is pleased to announce that it has appointed German Kaplun
as Head of Strategy, Artyom Inyutin as Head of Investments and
Alexander Morgulchik as Head of Business Development. They will be
responsible, below Board level, for a wide range of the Company's
operations and strategic initiatives, including sourcing and
executing suitable investment opportunities, managing portfolio
investments and raising new capital.
TMT's Executive Director Alexander Selegenev said: "Alexander
Morgulchik and German Kaplun were among the original investors in
TMT, and for the last 1.5 years have provided, for no remuneration,
valuable services to the Company as Consultants. Given the
Company's rapidly expanding portfolio and a strong pipeline of new
investments, the appointment of these three experienced managers
fully dedicated to TMT is both in the best interests of the Company
and in line with its growth plans."
In 1993, German Kaplun co-founded RosBusinessConsulting ("RBC"),
one of the largest Russian media groups. Between 1993 and 2012, RBC
grew into a diversified holding company with 3,000 employees and
dozens of successful businesses. RBC's successful acquisitions
included "RBC Money", online travel operator "iGlobe.ru" and online
dating service "loveplanet.ru". Russia's largest web-hosting
service provider "Hosting Centre RBC" was formed as a result of
RBC's acquiring and merging 8 different hosting service providers
in Russia. In addition, throughout its history, RBC launched over
70 start-ups, including business news portal "rbc.ru", RBC TV
channel, online magazine "utro.ru", online news and recreational
portal "qip.ru", video hosting service "smotri.com", and one of
Russia's most popular hi-tech news resources "cnews.ru". In April
2002, RBC successfully conducted Russia's first IPO on Moscow's
MICEX and RTS stock exchanges with its market capitalization
reaching $1.7bn at one point. German is also the co-founder of
Armada, one of the 5 largest Russian software companies. Throughout
the years, German has been ranked among the best media managers in
Russia. He holds a Ph.D. from the Plekhanov Russian University of
Economics.
Artyom Inyutin is an accomplished executive in the field of
internet, investment management, telecommunications, TV, mobile
content, and advertising. He has 18 years of experience working in
5 different countries. Until recently, Mr. Inyutin was in charge of
RBC's media projects. Under his leadership, over 60 popular
start-ups were launched, including "rbc.ru", "cnews.ru", RBC TV,
"RBC daily" newspaper, "smotri.com", "autonews.ru", "qip.ru", etc.
Artyom was instrumental in helping RBC's media business achieve a
65 million monthly audience and $200m revenues. Mr. Inyutin has a
track-record of successfully acquiring, merging and integrating
over 25 companies. The Russian Managers Association ranked Artyom
among the 1,000 most professional Russian managers. He is also
highly ranked by various Russian and international media, as well
as IT associations. Artyom graduated from the Moscow Institute of
Radio Electronics and Automation and has a Ph.D. from the Russian
Finance Academy.
Alexander Morgulchik was the original co-founder of RBC and
Armada. He has participated in over 30 successful M&A
transactions and post-acquisition restructurings of companies in 8
countries, including Russia, Ukraine, the United Kingdom and Hong
Kong. His particular fields of expertise include business analysis
and optimization, asset management, corporate restructuring, post
merger integration, M&A, business development and the
establishment and development of partnerships and joint ventures.
Alexander holds a Ph.D. from Plekhanov Russian University of
Economics.
Messrs Kaplun, Inyutin and Morgulchik will be based in Moscow
and have commenced in their positions today.
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
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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