TMT Investments PLC Confirmation of Subscription (4318J)
29 March 2018 - 10:02PM
UK Regulatory
TIDMTMT
RNS Number : 4318J
TMT Investments PLC
29 March 2018
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE
UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, SOUTH AFRICA,
NEW ZEALAND OR SINGAPORE OR ANY OTHER JURISDICTION IN WHICH SUCH
RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT
CONSTITUTE AN ADMISSION DOCUMENT AND DOES NOT CONSTITUTE OR FORM
PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY
SOLICITATION OF ANY OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY
ORDINARY SHARES IN THE CAPITAL OF THE COMPANY, NOR SHALL IT (OR ANY
PART OF IT), OR THE FACT OF ITS DISTRIBUTION, FORM THE BASIS OF, OR
BE RELIED ON IN CONNECTION WITH OR ACT AS ANY INDUCEMENT TO ENTER
INTO, ANY CONTRACT OR COMMITMENT WHATSOEVER.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED
UNDER THE MARKET ABUSE REGULATION (EU) NO.596/2014 ("MAR"). IN
ADDITION, MARKET SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN
RESPECT OF CERTAIN OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT,
WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE
INFORMATION, AS PERMITTED BY MAR. UPON THE PUBLICATION OF THIS
ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE
INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH
PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE
INFORMATION.
29 March 2018
TMT INVESTMENTS PLC
("TMT" or the "Company")
Confirmation of Share Subscription of 164,609 ordinary shares of
no par value each at US$2.43
Directors' Share Dealing
TMT Investments PLC, the venture capital company investing in
high-growth, technology companies across a number of core
specialist sectors, announced earlier today that it has issued and
allotted 1,276,260 new ordinary shares of no par value each in the
Company ("Placing Shares") to certain institutional and other
investors at a price of US$2.43 per share (the "Placing Price")
(the "Placing"). The announcement also stated that the Company was
intending to undertake a subscription of new ordinary shares. The
Company is pleased to confirm that it has now received
subscriptions for 164,609 new ordinary shares of no par value
("Subscription Shares") at a price of US$2.43 per share (the
"Subscription").
The Placing and Subscription have raised in aggregate US$ 3.50
million (US$ 3.31 million net of expenses).
The subscribers to the Subscription Shares comprise:
No of
Existing Subscription Resultant
shareholding % Shares holding %
Alexander
Selegenev* 30,000 0.11% 20,576 50,576 0.17%
Macmillan
Trading Company
Limited 7,084,511 25.53% 144,033 7,228,544 24.77%
* Alexander Selegenev is a director of the Company.
The Subscription Shares will rank pari passu with the Placing
Shares and the existing TMT ordinary shares. Application has been
made for the Subscription Shares to be admitted to trading on AIM,
which is expected to occur on 6 April 2018.
Following the issue of the Placing Shares and the Subscription
Shares the Company's issued share capital will comprise 29,185,831
ordinary shares. No TMT ordinary shares are held in Treasury. From
Admission the figure of 29,185,831 ordinary shares may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the Financial
Conduct Authority's Disclosure Guidance and Transparency Rules
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
NOTIFICATIONS AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
1 Details of the person discharging managerial
responsibilities / person closely associated
---- --------------------------------------------------------------------
a) Name Alexander Selegenev
---- ------------------------------ ------------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------
a) Position/status PDMR (Executive Director)
---- ------------------------------ ------------------------------------
b) Initial notification Initial notification
/Amendment
---- ------------------------------ ------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- --------------------------------------------------------------------
a) Name TMT Investments PLC
---- ------------------------------ ------------------------------------
b) LEI 213800UGZLGI4R6YW964
---- ------------------------------ ------------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
---- --------------------------------------------------------------------
a) Description of Ordinary shares of no par
the financial value
instrument, type
of instrument
----
Identification JE00B3RQZ289
code
b) Nature of the Subscription for new ordinary
transaction shares
---- ------------------------------ ------------------------------------
c) Price(s) and volume(s)
---- ---------------- ---------------
Price(s) Volume(s)
---- ---------------- ---------------
US$2.43 20,576
---------------------------------------------------- ---------------
d) Aggregated information n/a - single transaction
----
- Aggregated volume
- Price
e) Date of the transaction 29 March 2018
---- ------------------------------ ------------------------------------
f) Place of the transaction Outside of a trading venue
---- ------------------------------ ------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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