Exercise of options

RNS Number : 8268F

TMT Investments PLC

30 April 2014

 



30 April 2014

TMT INVESTMENTS PLC

("TMT" or the "Company")

Exercise of options

The Company announces that on 29 April 2014, Alexander Selegenev, the Company's Executive Director, exercised an option over 33,334 ordinary shares of no par value in the Company from the April 2011 grant at the exercise price of US$1.00 per ordinary share.  The shares acquired represent 0.13% of the Company's enlarged issued share capital.  In order to cover the tax liability arising upon exercise, on 29 April 2014 Mr. Selegenev sold 16,334 ordinary shares at US$1.71 per share.

The new ordinary shares will rank pari passu with existing ordinary shares and application has been made for the new ordinary shares to be admitted to trading on AIM, which is expected to occur on 7th May 2014.

Following the issue of the new ordinary shares, the Company will have a total of 25,011,062 ordinary shares in issue, and Alexander Selegenev's net share holding in the Company will increase to 37,000 ordinary shares, representing 0.15% of the Company's enlarged issued share capital.

For further information contact:

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

 

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