Expected positive revaluations of portfolio

RNS Number : 2814H

TMT Investments PLC

30 November 2015

 

30 November 2015

TMT INVESTMENTS PLC

("TMT" or the "Company")

Expected positive revaluations of portfolio companies

TMT Investments PLC, which invests in high-growth internet-based companies across a variety of sectors, is pleased to announce that two of its portfolio companies ("Portfolio Companies") are currently in the process of completing new equity financing rounds ("Transactions"). 

If completed, the Transactions will collectively represent an approximately US$8.7 million uplift in the fair value of TMT's investments in the Portfolio Companies, compared to the latest announced amounts as of 30 June 2015, which will be equivalent to approximately 32 cents in additional net asset value per TMT share.

The Transactions are expected to be completed in the next four weeks. As part of the Transactions, TMT is expected to invest an additional US$1 million in one of the Portfolio Companies.

There is no guarantee the Transactions will be completed, and TMT will make relevant announcements in due course.

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	Tel. [phone] [e-mail]

About TMT Investments

TMT Investments PLC invests in high-growth, internet-based companies across a variety of sectors and has a significant number of Silicon Valley investments in its portfolio. Founded in 2010, TMT has net assets of US$42m and has invested in just under 40 companies to date. 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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