TMT Investments PLC Investment in Drippler Ltd (1084G)

TIDMTMT

RNS Number : 1084G

TMT Investments PLC

02 May 2014

TMT INVESTMENTS PLC

("TMT" or the "Company")

Investment in Drippler Ltd

TMT Investments PLC, which invests in high-growth, internet-based companies across a variety of sectors, is pleased to announce the completion of an investment in Drippler Ltd (www.drippler.com).

Incorporated in Israel, Drippler Ltd ("Drippler") is a mobile and web-based discovery service helping people adopt everyday technology in an easy and interactive way. Drippler provides users with daily tech tips and recommendations, ranging from new apps, products and features to how-to's and various updates. With over 5.5 million users, Drippler has been recommended by such leading brands as Samsung, ASUS, Verizon and AT&T, and was selected by Google as one of the Best Apps of 2013. According to Techcrunch (13 August 2013), "given the increasingly crowded mobile app ecosystem, Drippler occupies an interesting niche where it's part mobile news magazine, and part app recommendation service."

TMT has acquired ordinary shares representing 1.86% of Drippler's fully diluted equity capital, for an aggregate consideration of US$200,000.

Drippler was founded by Matan Talmi (CEO), Dotan Galron (Chief Product Officer) and Ronen Yacobi (Chief Technology Officer). The three started working together 14 years ago, when serving at the Israel Defense Forces' technology unit.

Definitive agreements for the transaction were entered into, and the transaction was completed, yesterday.

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

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 30 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

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