TMT Investments PLC Exercise of options (6833D)
May 01 2013 - 2:00AM
UK Regulatory
TIDMTMT
RNS Number : 6833D
TMT Investments PLC
01 May 2013
1 May 2013
TMT INVESTMENTS PLC
("TMT" or the "Company")
Exercise of options
The Company announces that on 30 April 2013, Alexander
Selegenev, the Company's Executive Director, exercised an option
over 33,333 ordinary shares of no par value in the Company
("Ordinary Shares") from the April 2011 grant at the exercise price
of US$1 per Ordinary Share. The Ordinary Shares acquired represent
0.13% of the Company's enlarged issued share capital. In order to
cover the tax liability arising upon exercise, Mr. Selegenev
intends to sell up to 50% of the Ordinary Shares acquired as part
of the exercise in the next 2 months.
The new Ordinary Shares will rank pari passu with existing
Ordinary Shares and application has been made for the new Ordinary
Shares to be admitted to trading on AIM, which is expected to occur
on 7th May 2013.
Following the issue of the new Ordinary Shares, the Company will
have a total of 25,426,591 Ordinary Shares in issue.
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 25 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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