TMT Investments PLC PDMR Shareholding (9699N)
May 26 2020 - 10:25AM
UK Regulatory
TIDMTMT
RNS Number : 9699N
TMT Investments PLC
26 May 2020
26 May 2020
TMT INVESTMENTS PLC
("TMT" or the "Company")
PDMR Shareholding
TMT Investments PLC (AIM: TMT.L), the venture capital company
investing in high-growth technology companies, announces that it
was notified, on 22 May 2020, that Artemii Iniutin, TMT's Head of
Investments, has agreed to acquire, in aggregate, 433,157 ordinary
shares of no par value each in the Company ("Ordinary Shares") at
US$3.11 per Ordinary Share (the "Share Acquisition").
Of the total number of Ordinary Shares acquired pursuant to the
Share Acquisition, 241,939 are to be acquired directly by Mr.
Iniutin, with settlement expected to take place by no later than 22
June 2020, and 191,218 are to be acquired by Merit Systems Inc., a
company wholly owned by Mr. Iniutin, with settlement expected to
take place by no later than 22 August 2020 (together
"Settlement").
Following Settlement, Mr. Iniutin will be interested in, in
aggregate, 433,157 Ordinary Shares, representing approximately
1.48% of the Company's issued ordinary share capital. The Ordinary
Shares subject to the Share Acquisition represent the entire
holding of the selling TMT shareholder.
For further information contact:
TMT Investments PLC +44 (0)1534 281 800
Alexander Selegenev (Computershare - Company Secretary)
Executive Director
www.tmtinvestments.com alexander.selegenev@tmtinvestments.com
Strand Hanson Limited
(Nominated Adviser)
Richard Tulloch / James Dance +44 (0)20 7409 3494
Hybridan LLP
(Broker)
Claire Louise Noyce +44 (0)20 3764 2341
Kinlan Communications +44 (0)20 7638 3435
David Hothersall davidh@kinlan.net
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014.
PDMR Notification Form
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail in
respect of the transaction as described above.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Artemii Iniutin
------------------------------------------- -------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------------
a) Position/status PDMR ( Head of Investments )
------------------------------------------- -------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------------------- -------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------------
a) Name TMT Investments PLC
------------------------------------------- -------------------------------------------
b) LEI 213800UGZLGI4R6YW964
------------------------------------------- -------------------------------------------
4 Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii)
each date; and (iv) each place where transactions have been conducted
----------------------------------------------------------------------------------------
a) Description of the Ordinary shares of no par value each
financial instrument,
type of instrument
Identification code JE00B3RQZ289
b) Nature of the transaction Purchase of ordinary shares
------------------------------------------- -------------------------------------------
c) Price(s) and volume(s)
Price(s) Volume(s)
US$3.11 241,939
-------------------------------------------------------------------- -------------------
US$3.11 191,218
-------------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume Purchase of 433,157 ordinary shares
- Price US$3.11 per share
e) Date of the transaction 22 May 2020
------------------------------------------- -------------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------------------- -------------------------------------------
About TMT Investments PLC
TMT Investments PLC invests in high-growth technology companies
across a number of core specialist sectors and has a significant
number of Silicon Valley investments in its portfolio. Founded in
2010, TMT has invested in over 55 companies to date and has net
assets of US$102m as of 31 December 2019. 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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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