TMT Investments PLC Announcement of Depositphotos transaction (3022K)

TIDMTMT

RNS Number : 3022K

TMT Investments PLC

29 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, confirms that, further to the announcements made by the Company on 30 November 2015 and 20 December 2015, completion 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") is expected within the next two weeks.

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

END

STRGCBDDDUDBGUC

(END) Dow Jones Newswires

December 29, 2015 04:55 ET (09:55 GMT)

Tmt Investments (LSE:TMT)
Historical Stock Chart
From May 2024 to Jun 2024