Last checked at 27 Jul 2017 14:42
27 July 2017
TMT INVESTMENTS PLC
("TMT" or the "Company")
Partial disposal and revaluation of investment in a portfolio company.
TMT Investments PLC, the venture capital company which invests in high-growth, technology companies across a number of core specialist sectors, is pleased to announce that it has sold a part of its holding in one of its portfolio companies for US$400,000 to a private investor.
The transaction represents an approximately US$4.89 million (or 114%) uplift in the fair value of TMT's investment in the company compared to the latest reported amount as of 31 December 2016, and is equivalent to 17.6 cents in additional NAV per TMT share.
For further information contact:
TMT Investments plc Alexander Selegenev Executive Director www.tmtinvestments.com
| +44 1534 281 843 alexander.selegenev@tmtinvestments.com
|
ZAI Corporate Finance Ltd. NOMAD Dugald J. Carlean/Ray Zimmerman
| +44 20 7060 2220 |
Hybridan LLP Broker Claire Louise Noyce
| +44 20 3764 2341 |
Kinlan Communications David Hothersall
| Tel. +44 20 7638 3435 davidh@kinlan.net |
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 net assets of US$53m and has invested in over 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