TMT Investments PLC PDMR Shareholding (0089T)
July 15 2020 - 2:00AM
UK Regulatory
TIDMTMT
RNS Number : 0089T
TMT Investments PLC
15 July 2020
15 July 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 14 July 2020, that on 13 July 2020, Artemii
Iniutin, TMT's Head of Investments, agreed to acquire 1,000,000
ordinary shares of no par value each in the Company ("Ordinary
Shares") at a price of US$3.67 per Ordinary Share (the "Share
Acquisition"). The Ordinary Shares acquired pursuant to the Share
Acquisition, are to be acquired directly by Merit Systems Inc.
("Merit"), a Company wholly owned by Mr Iniutin, with settlement
expected to take place within three months (the "Settlement").
Mr Iniutin has also confirmed to the Company that the settlement
of the 241,939 Ordinary Shares acquired directly by him as
announced on 26 May 2020, has not yet occurred and is expected to
complete shortly. Of the 191,218 Ordinary Shares acquired by Merit,
116,373 Ordinary Shares have now been received with the remainder
to be received no later than 22 August 2020, as announced on 26 May
2020.
Following Settlement, Mr Iniutin will, taking into account the
433,157 Ordinary Shares acquired by him (directly and through
Merit) as announced on 26 May 2020, of which 116,373 have been
received with the remainder still to be received, be interested in,
in aggregate, 1,433,157 Ordinary Shares, representing approximately
4.91% of the Company's issued ordinary share capital.
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 Bellman +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$3.67 1,000,000
--------------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume Purchase of 1,000,000 ordinary shares
- Price US$3.67 per share
e) Date of the transaction 13 July 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
DSHKKQBNFBKDCOD
(END) Dow Jones Newswires
July 15, 2020 02:00 ET (06:00 GMT)
Tmt Investments (LSE:TMT)
Historical Stock Chart
From Apr 2024 to May 2024
Tmt Investments (LSE:TMT)
Historical Stock Chart
From May 2023 to May 2024