5 Oct 2021 15:00
5 October 2021
TMT INVESTMENTS PLC
("TMT" or the "Company")
Receipt of initial consideration from Depositphotos disposal
TMT Investments Plc (AIM: TMT.L), the venture capital company investing in high-growth technology companies, is pleased to announce that, further to its announcement of 17 September 2021 regarding the disposal of its entire holding in Depositphotos, Inc., the Company confirms receipt of the initial consideration of US$12.9 million, with a further hold-back amount of approximately US$1.4 million payable within approximately 12 months of the completion of the transaction.
For further information contact:
TMT Investments Plc Alexander Selegenev Executive Director www.tmtinvestments.com
| +44 (0)1534 281 800 (Computershare - Company Secretary)
alexander.selegenev@tmtinvestments.com
|
Strand Hanson Limited (Nominated Adviser) James Bellman / James Dance
| +44 (0)20 7409 3494 |
Cenkos Securities plc (Joint Broker) Ben Jeynes
| +44 (0)20 7397 8900 |
Hybridan LLP (Joint Broker) Claire Louise Noyce
| +44 (0)20 3764 2341 |
Kinlan Communications David Hothersall
| +44 (0)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 a current investment portfolio of over 45 companies and net assets of US$218 million as of 30 June 2021. 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.
Tmt Investments (TMT)