TMT Investments PLC Conversion of promissory note in Wrike, Inc. (4572I)
July 03 2013 - 2:00AM
UK Regulatory
TIDMTMT
RNS Number : 4572I
TMT Investments PLC
03 July 2013
3 July 2013
TMT INVESTMENTS PLC
("TMT" or the "Company")
Conversion of promissory note in Wrike, Inc.
TMT Investments PLC, which invests in high-growth internet-based
companies across a variety of sectors, is pleased to announce that
the outstanding principal and unpaid accrued interest of the
Company's convertible promissory note in Wrike, Inc. ("Wrike")
amounting to US$1,080,000 was yesterday converted into Wrike's
common shares. As a result, TMT currently owns 6.32% of Wrike's
fully diluted equity capital.
TMT's original investment in Wrike was made on 12 June 2012 and
consisted of a US1,000,000 unsecured convertible promissory note in
Wrike.
Wrike is leading on-demand, online project management and
collaboration software. It provides teams with a unique platform
for collaborating on multiple projects in one workspace in real
time. Wrike's collaboration features give a significant
productivity gain to thousands of companies all over the globe,
including Adobe, EMC and Ecco. Wrike is a privately held
corporation located in California.
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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