TMT Investments PLC Notice of AGM (8789H)
16 March 2018 - 12:50AM
UK Regulatory
TIDMTMT
RNS Number : 8789H
TMT Investments PLC
15 March 2018
15 March 2018
TMT INVESTMENTS PLC
("TMT" or the "Company")
Notice of Annual General Meeting
TMT announces that a circular to shareholders containing notice
of the 2018 Annual General Meeting of the Company (AGM) is now
available in the Investor Relations section of the Company's
website, www.tmtinvestments.com.
The AGM will be held at Queensway House, Hilgrove Street, St
Helier, Jersey JE1 1ES on Friday 27(th) April 2018 at 11:00 (BST)
to consider and vote on the following resolutions, of which
resolutions 1 to 5 (inclusive) are ordinary resolutions and
resolutions 6, 7 and 8 are special resolutions:
Ordinary Business
1. To receive the accounts of the Company for the year ended 31
December 2017 together with the directors' report pursuant to
Article 105 of the Companies (Jersey) Law 1991 (as amended).
2. To receive the statement of the auditors made pursuant to
Article 113A of the Companies (Jersey) Law 1991 (as amended).
3. To approve the recommendation of the directors that no final
dividend be declared in respect of the year ended 31 December
2017.
4. To reappoint Yuri Mostovoy retiring as a director in
accordance with the Company's articles of association and, being
eligible, offering himself for reappointment as a director of the
Company.
5. To appoint UHY Hacker Young LLP as auditors of the Company in
accordance with Article 113 of the Companies (Jersey) Law 1991 (as
amended), until the conclusion of the next general meeting of the
Company at which audited accounts are laid before members and to
authorise the directors to determine their remuneration.
Special Business
6. To grant the directors authority to issue and allot, or to
agree and allot before the next annual general meeting of the
Company, such number of issued ordinary shares in the Company
(Ordinary Shares) as in aggregate is equivalent to but not
exceeding fifty per cent (50%) of the total number of Ordinary
Shares in issue immediately before the AGM.
7. To grant the directors authority to make one or more
purchases of Ordinary Shares on such terms and in such manner as
the board of directors may from time to time determine, provided
that:
(a) the maximum number of Ordinary Shares authorised to be
purchased shall not exceed ten per cent (10%) of the total number
of Ordinary Shares in issue immediately before the AGM (Authorised
Shares);
(b) the maximum price which may be paid for any such Authorised
Shares shall not exceed the middle market quotations within 5 days
preceding the date of effective purchase;
(c) the minimum price that may be paid for an Authorised Share
is the nominal value of such Authorised Share; and
(d) unless otherwise varied, renewed or revoked, the authority
hereby conferred shall expire on the conclusion of the next annual
general meeting of the Company held after the passing of this
resolution or 18 months after the date of its passing (whichever
shall first occur), except that the Company may, before such
expiry, enter into a contract or contracts for the purchase of
Authorised Shares which may be completed by or executed wholly or
partly after the expiration of this authority.
8. To amend the Company's Investing Policy by adding the ability
to invest in "digital assets" and making other changes, as outlined
in the Company's 2017 annual report published by the Company on 15
March 2018.
The last date for receipt of completed forms of proxy for use at
the AGM (in accordance with the terms thereof) will be 11:00 BST on
25 April 2018.
For further information contact:
TMT Investments PLC +44 1534 281 843
Alexander Selegenev alexander.selegenev@tmtinvestments.com
Executive Director
www.tmtinvestments.com
Smith & Williamson Corporate
Finance Ltd
Nominated Adviser
Russell Cook
David Jones
Ben Jeynes +44 (0)20 7131 4000
Hybridan LLP
Broker
Claire Louise Noyce +44 20 3764 2341
Kinlan Communications +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 invested in over 40 companies to date and has latest
announced net assets of US$67m. 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
END
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