TMT Investments PLC Issue of Equity (5066Z)
March 07 2013 - 9:18AM
UK Regulatory
TIDMTMT
RNS Number : 5066Z
TMT Investments PLC
07 March 2013
7 March 2013
TMT INVESTMENTS PLC
("TMT" or the "Company")
Equity capital raise
The Board of TMT, which invests in high-growth, internet-based
companies across a variety of sectors, is pleased to announce that
it has today allotted 750,398 new ordinary shares of no par value
each in the Company ("TMT Shares") to new investors at a price of
US$1.5 per share, being a discount of 12% over the closing price of
TMT Shares on 6 March 2013 and raising US$1,125,000.
Alexander Selegenev, Executive Director of TMT Investments PLC,
commented: "Given the Company's limited free float, we are glad to
have used this opportunity to raise additional capital from a group
of smaller qualified investors. We believe increasing liquidity in
the Company's shares is in the long-term interest of the Company's
shareholders. In addition, we have a strong pipeline of new
projects, and the additional capital will be handy in supporting
our continuing growth strategy."
The new TMT Shares will rank pari passu with existing TMT Shares
and application has been made for these new TMT Shares to be
admitted to trading on AIM, which is expected to occur on 13 March
2013.
Following the issue of the new TMT Shares, the Company now has a
total of 25,393,258 TMT Shares in issue. Spotlight Global Corp. now
has a holding of 1,966,666 TMT Shares, representing 7.74% of the
enlarged issued share capital.
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,
TMT has raised USD28m and invested in 23 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
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