TMT Investments PLC Policy re Company announcements (0243N)
July 23 2014 - 2:02AM
UK Regulatory
TIDMTMT
RNS Number : 0243N
TMT Investments PLC
23 July 2014
23 July 2014
TMT INVESTMENTS PLC
("TMT" or the "Company")
Policy re Company announcements
TMT, which invests in high-growth, internet-based companies
across a variety of sectors, is changing its policy for the
announcement of new investments, disposals and other portfolio
developments in the future.
Given the size of the Company's portfolio (over 30 investments
to date), net assets (US$32.4 million as of 31 December 2013), and
increasing portfolio company activity, TMT considers the following
events as non price-sensitive ("Non-Price-Sensitive Events"):
-- any single investment or disposal (including a follow-on
investment or partial disposal) representing less than 1% of the
Company's net assets, and
-- any other portfolio development (defined as an impairment,
write-off, receipt of deferred consideration for a previously
completed disposal, revaluation etc.) resulting in a less than
3%-change in the Company's net assets.
Accordingly, the Company has decided not to announce any
Non-Price-Sensitive Events in the future.
For the avoidance of doubt, the Company will announce portfolio
developments of any size, if they are deemed price-sensitive for
reasons other than size under the AIM Rules. Also, the Company will
keep updating its portfolio on its website with every new
investment, disposal and write-off, and will continue to provide
full details of its portfolio in its interim and annual
accounts.
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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