TMT Investments PLC Expected positive revaluations of portfolio (2814H)
November 30 2015 - 2:00AM
UK Regulatory
TIDMTMT
RNS Number : 2814H
TMT Investments PLC
30 November 2015
30 November 2015
TMT INVESTMENTS PLC
("TMT" or the "Company")
Expected positive revaluations of portfolio companies
TMT Investments PLC, which invests in high-growth internet-based
companies across a variety of sectors, is pleased to announce that
two of its portfolio companies ("Portfolio Companies") are
currently in the process of completing new equity financing rounds
("Transactions").
If completed, the Transactions will collectively represent an
approximately US$8.7 million uplift in the fair value of TMT's
investments in the Portfolio Companies, compared to the latest
announced amounts as of 30 June 2015, which will be equivalent to
approximately 32 cents in additional net asset value per TMT
share.
The Transactions are expected to be completed in the next four
weeks. As part of the Transactions, TMT is expected to invest an
additional US$1 million in one of the Portfolio Companies.
There is no guarantee the Transactions will be completed, and
TMT will make relevant announcements in due course.
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 net assets of US$42m and has invested in just under 40
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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