TMT Investments PLC Portfolio Update (7304D)
28 June 2019 - 4:01PM
UK Regulatory
TIDMTMT
RNS Number : 7304D
TMT Investments PLC
28 June 2019
28 June 2019
TMT INVESTMENTS PLC
("TMT" or the "Company")
Portfolio update
TMT Investments PLC (AIM: TMT.L), the venture capital company
investing in high-growth technology companies, is pleased to
announce that its portfolio company Bolt (formerly known as
Taxify), a leading international ride-hailing and transportation
company (www.bolt.eu), has completed a new funding round. The
transaction represents a revaluation uplift of US$5.04 million (or
29.5%) in the fair value of TMT's investment in Bolt, compared to
the previous reported amount as of 31 December 2018.
This announcement is inside information for the purposes of
Article 7 of EU Regulation 596/2014.
For further information contact:
TMT Investments PLC +44 (0)1534 281 800
Alexander Selegenev (Computershare - Company Secretary)
Executive Director
www.tmtinvestments.com alexander.selegenev@tmtinvestments.com
Strand Hanson Limited
(Nominated Adviser)
Richard Tulloch / James Dance
/ Eric Allan +44 (0)20 7409 3494
Hybridan LLP
(Broker)
Claire Louise Noyce +44 (0)20 3764 2341
Kinlan Communications +44 (0)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 45 companies to date and has latest
announced net assets of US$90m. 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
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END
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