TMT Investments PLC Exercise of options (8268F)
April 30 2014 - 2:00AM
UK Regulatory
TIDMTMT
RNS Number : 8268F
TMT Investments PLC
30 April 2014
30 April 2014
TMT INVESTMENTS PLC
("TMT" or the "Company")
Exercise of options
The Company announces that on 29 April 2014, Alexander
Selegenev, the Company's Executive Director, exercised an option
over 33,334 ordinary shares of no par value in the Company from the
April 2011 grant at the exercise price of US$1.00 per ordinary
share. The shares acquired represent 0.13% of the Company's
enlarged issued share capital. In order to cover the tax liability
arising upon exercise, on 29 April 2014 Mr. Selegenev sold 16,334
ordinary shares at US$1.71 per share.
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 2014.
Following the issue of the new ordinary shares, the Company will
have a total of 25,011,062 ordinary shares in issue, and Alexander
Selegenev's net share holding in the Company will increase to
37,000 ordinary shares, representing 0.15% of the Company's
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
Ray Zimmerman/Richard Morrison/Irina
Lomova +44 20 7060 2220
Kinlan Communications Tel. +44 20 7638 3435
David Hothersall davidh@kinlan.net
This information is provided by RNS
The company news service from the London Stock Exchange
END
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