TMT Investments PLC Partial disposal of investment (3303M)
27 July 2017 - 11:42PM
UK Regulatory
TIDMTMT
RNS Number : 3303M
TMT Investments PLC
27 July 2017
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 +44 1534 281 843
Alexander Selegenev alexander.selegenev@tmtinvestments.com
Executive Director
www.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 Tel. +44 20 7638 3435
David Hothersall 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
This information is provided by RNS
The company news service from the London Stock Exchange
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