TMT Investments PLC Gild, Inc. - New equity financing (5830X)
February 11 2013 - 4:56AM
UK Regulatory
TIDMTMT
RNS Number : 5830X
TMT Investments PLC
11 February 2013
11 February 2013
TMT INVESTMENTS PLC
("TMT" or the "Company")
Gild, Inc. - New equity financing
TMT is pleased to announce that on 8 February 2013, its
portfolio company Gild, Inc. ("Gild") completed the initial closing
of an equity financing round led by existing shareholder Globespan
Capital Partners and a number of other prominent investors.
After the new equity financing is completed, TMT will hold
approximately 1.31% of Gild's fully-diluted equity capital.
The transaction implies an approximately 15% uplift in the fair
value of TMT's investment in Gild, compared to the latest reported
amount as of 30 June 2012.
TMT's original investment in Gild was made on 5 December 2011
when TMT acquired preferred shares representing 3.56% of Gild's
fully diluted equity capital at the time for an aggregate net
consideration of US$315,250.
Gild's recruiting solutions are aimed at changing the way
companies find and engage the talented software developers they
need. With rankings and information on the technical skills of over
400,000 developers, combined with social media profiling insights,
Gild's objective is to dramatically cut recruiting costs and
improve hiring efficiency.
For further information contact:
TMT Investments Plc +44 1534 281 843
Mr. Alexander Selegenev alexander.selegenev@tmtinvestments.com
www.tmtinvestments.com
ZAI Corporate Finance Ltd.
NOMAD and Broker
Marc Cramsie/Irina Lomova +44 20 7060 2220
Kinlan Communications Tel. +44 20 7638 3435
David Hothersall davidh@kinlan.net
About TMT Investments
TMT Investments PLC invests in high-growth, internet-based
companies across a variety of sectors and has a significant number
of Silicon Valley investments in its portfolio. Founded in 2010 and
with capital firepower of USD26m, TMT has invested in 22 companies
to date. The company's objective is to generate an attractive rate
of return for shareholders, predominantly through capital
appreciation. The company is traded on the AIM market of the London
Stock Exchange. www.tmtinvestments.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
STRGGUCAPUPWUBG
Tmt Investments (LSE:TMT)
Historical Stock Chart
From May 2024 to Jun 2024
Tmt Investments (LSE:TMT)
Historical Stock Chart
From Jun 2023 to Jun 2024