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Market Cap: $79.41m
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Exercise of options

30 Apr 2014 07:00

RNS Number : 8268F
TMT Investments PLC
30 April 2014
 



30 April 2014

 

TMT INVESTMENTS PLC

("TMT" or the "Company")

 

Exercise of options

 

The Company announces that on 29 April 2014, Alexander Selegenev, the Company's Executive Director, exercised an option over 33,334 ordinary shares of no par value in the Company from the April 2011 grant at the exercise price of US$1.00 per ordinary share. The shares acquired represent 0.13% of the Company's enlarged issued share capital. In order to cover the tax liability arising upon exercise, on 29 April 2014 Mr. Selegenev sold 16,334 ordinary shares at US$1.71 per share.

 

The new ordinary shares will rank pari passu with existing ordinary shares and application has been made for the new ordinary shares to be admitted to trading on AIM, which is expected to occur on 7th May 2014.

 

Following the issue of the new ordinary shares, the Company will have a total of 25,011,062 ordinary shares in issue, and Alexander Selegenev's net share holding in the Company will increase to 37,000 ordinary shares, representing 0.15% of the Company's enlarged issued share capital.

 

 

For further information contact:

 

TMT Investments Plc

Mr. Alexander Selegenev

www.tmtinvestments.com

 

+44 1534 281 843

alexander.selegenev@tmtinvestments.com

 

ZAI Corporate Finance Ltd.

NOMAD and Broker

Ray Zimmerman/Richard Morrison/Irina Lomova

 

+44 20 7060 2220

Kinlan Communications

David Hothersall

 

Tel. +44 20 7638 3435

davidh@kinlan.net

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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