TMT Investments PLC Issue of Equity (0004N)
July 22 2014 - 9:00AM
UK Regulatory
TIDMTMT
RNS Number : 0004N
TMT Investments PLC
22 July 2014
22 July 2014
TMT INVESTMENTS PLC
("TMT" or the "Company")
Equity capital raise
TMT Investments PLC, which invests in high-growth,
internet-based companies across a variety of sectors, is pleased to
announce that it has today allotted 1,432,431 new ordinary shares
of no par value each in the Company ("TMT Shares") to new and
existing investors at a price of US$1.85 per share, being a
discount of 5.6% the closing price of TMT Shares on 21 July 2014
and raising US$2.65 million.
The following table indicates the participation of certain
existing shareholders who participated in the equity capital
raise:
Name Prior to the Equity Following the Equity Capital
Capital Raise Raise
--------------------- -------------------------- ---------------------------------------
No. of shares % holding No. of shares Resultant % holding
held acquired holding
--------------------- -------------- ---------- -------------- ----------- ----------
Macmillan Trading
Company Limited* 5,479,000 20.96% 540,540 6,019,540 21.83%
--------------------- -------------- ---------- -------------- ----------- ----------
Spotlight Global
Corp 1,966,666 7.52% 486,486 2,453,152, 8.90%
--------------------- -------------- ---------- -------------- ----------- ----------
*Macmillan Trading is a company controlled by TMT's senior
managers German Kaplun and Alexander Morgulchik.
Alexander Selegenev, Executive Director of TMT Investments PLC,
commented: "Given the Company's limited free float, we are pleased
with this opportunity to expand our shareholder base. The
additional capital will be used to make follow-on investments in
our most promising portfolio companies, as well as to pursue new
investment opportunities."
The new TMT Shares will rank pari passu with existing TMT Shares
and application has been made for these new TMT Shares to be
admitted to trading on AIM, which is expected to occur on 28 July
2014.
Following the issue of the new TMT Shares, the Company now has a
total of 27,568,493 TMT 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
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 USD33m and invested in over 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
END
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