Proposed participation in a new fund

RNS Number : 6135Y

TMT Investments PLC

07 December 2017

 

7 December 2017

TMT INVESTMENTS PLC

("TMT" or the "Company")

Proposed participation in a new fund

TMT Investments PLC (AIM: TMT.L), the venture capital company investing in high-growth technology companies across a number of core specialist sectors, announces that a number of blockchain industry participants, in a joint initiative with TMT, propose to launch a new fund investing in blockchain-related opportunities (the "Fund").

Details of TMT's participation in the Fund have not been finalised, but it is envisaged that certain members of the Company's senior team will join the board of directors of the Fund's management company.  In addition, TMT will contribute its human resources and expertise to the Fund. TMT is not expected to be responsible for general administration of the Fund.

Further announcements will be made, as appropriate, in due course.

TMT Investments PLC Alexander Selegenev Executive Director www.tmtinvestments.com	[phone] [e-mail]
Smith & Williamson Corporate Finance Ltd Nominated Adviser Russell Cook David Jones Ben Jeynes	[phone]
Hybridan LLP Broker Claire Louise Noyce	[phone]
Kinlan Communications David Hothersall	[phone] [e-mail]

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 net assets of US$58m and has invested in over 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

 

END

 

 

MSCUNRBRBUAURAA