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22 Jul 2014 14:00
22 July 2014
TMT INVESTMENTS PLC
("TMT" or the "Company")
Equity capital raise
TMT Investments PLC, which invests in high-growth, internet-based companies across a variety of sectors, is pleased to announce that it has today allotted 1,432,431 new ordinary shares of no par value each in the Company ("TMT Shares") to new and existing investors at a price of US$1.85 per share, being a discount of 5.6% the closing price of TMT Shares on 21 July 2014 and raising US$2.65 million.
The following table indicates the participation of certain existing shareholders who participated in the equity capital raise:
Name | Prior to the Equity Capital Raise | Following the Equity Capital Raise | |||
No. of shares held | % holding | No. of shares acquired | Resultant holding | % holding | |
Macmillan Trading Company Limited*
| 5,479,000 | 20.96% | 540,540 | 6,019,540 | 21.83% |
Spotlight Global Corp | 1,966,666 | 7.52% |
486,486
| 2,453,152, | 8.90% |
*Macmillan Trading is a company controlled by TMT's senior managers German Kaplun and Alexander Morgulchik.
Alexander Selegenev, Executive Director of TMT Investments PLC, commented: "Given the Company's limited free float, we are pleased with this opportunity to expand our shareholder base. The additional capital will be used to make follow-on investments in our most promising portfolio companies, as well as to pursue new investment opportunities."
The new TMT Shares will rank pari passu with existing TMT Shares and application has been made for these new TMT Shares to be admitted to trading on AIM, which is expected to occur on 28 July 2014.
Following the issue of the new TMT Shares, the Company now has a total of 27,568,493 TMT Shares in issue.
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 Richard Morrison/Irina Lomova
| +44 20 7060 2220 |
Kinlan Communications David Hothersall
| Tel. +44 20 7638 3435 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 raised USD33m and invested in over 30 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
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