Application to admit shares to AIM

RNS Number : 7772B

TMT Investments PLC

09 January 2015

 

9 January 2015

TMT INVESTMENTS PLC

("TMT" or the "Company")

Application to admit shares to AIM

On 16 December 2013, the Company announced a cash-for-shares swap arrangement with the Company's senior management pursuant to which German Kaplun, Alexander Morgulchik and Artyom Inyutin agreed to receive all of their 2014 salaries in TMT shares at a price of US$1.70 per share rather than monthly in cash.  On 31 December 2014 the Company issued 176,469 ordinary shares of no par value each in the Company in accordance with the terms of the cash-for-shares swap arrangement and as announced on 16 December 2013.

As a result, Mr. Alexander Morgulchik and Mr. German Kaplun collectively now own 22.12% of the issued share capital of TMT, and Mr. Artyom Inyutin owns 14.66% of the issued share capital of TMT.

An application has been made to admit these shares to AIM, which is expected to occur on 15 January 2015.  The new ordinary shares rank pari passu with the existing ordinary shares.

The Company currently has a total of 27,744,962 ordinary shares in issue.

For further information contact:

TMT Investments Plc Mr. Alexander Selegenev www.tmtinvestments.com	[phone] [e-mail]
ZAI Corporate Finance Ltd. NOMAD and Broker Richard Morrison/Irina Lomova	[phone]
Kinlan Communications David Hothersall	[phone] [e-mail]

 

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