TMT Investments PLC Announcement of Depositphotos transaction (7092J)
December 21 2015 - 4:44AM
UK Regulatory
TIDMTMT
RNS Number : 7092J
TMT Investments PLC
21 December 2015
21 December 2015
TMT INVESTMENTS PLC
("TMT" or the "Company")
Announcement of Depositphotos transaction
TMT Investments PLC, which invests in high-growth internet-based
companies across a variety of sectors, notes the announcement by
its portfolio company Depositphotos, Inc. ("Depositphotos") of a
US$5 million equity financing round led by the venture capital arm
of the European Bank for Reconstruction and Development
("EBRD").
This transaction was the second of the expected revaluations
announced by the Company on 30 November 2015. Further details will
be announced in due course, once the transaction is fully
completed.
About Depositphotos
Founded in 2009, Depositphotos is one of the fastest-growing
stock photo marketplaces in the world. Headquartered in New York,
the company serves customers from 192 countries, providing 24/7
support in 20 languages. Depositphotos has a library of over 40
million premium high-quality stock photos, illustrations, vector
images and video files. Its 3 million members worldwide use
Depositphotos on a regular basis to search and license desired
creative content.
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
Richard Morrison/Irina
Lomova +44 20 7060 2220
Hybridan LLP
Broker
Claire Louise Noyce +44 20 3764 2341
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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