TMT Investments PLC Wanelo, Inc. - New equity financing (9033F)
May 30 2013 - 7:10AM
UK Regulatory
TIDMTMT
RNS Number : 9033F
TMT Investments PLC
30 May 2013
30 May 2013
TMT INVESTMENTS PLC
("TMT" or the "Company")
Wanelo, Inc. - New equity financing
TMT Investments PLC, which invests in high-growth internet-based
companies across a variety of sectors, is pleased to announce that
on 29 May 2013 its portfolio company Wanelo, Inc. ("Wanelo")
confirmed that it had recently completed the initial closing of an
equity financing round led by a number of prominent investors.
After the new equity financing is completed, TMT will hold
approximately 4.71% of Wanelo's fully-diluted equity capital.
The transaction implies an approximately US$5 million uplift in
the fair value of TMT's investment in Wanelo, compared to the
latest reported amount as of 31 December 2012.
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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