Announcement of Depositphotos transaction

RNS Number : 7092J

TMT Investments PLC

21 December 2015

 

21 December 2015

TMT INVESTMENTS PLC

("TMT" or the "Company")

Announcement of Depositphotos transaction

TMT Investments PLC, which invests in high-growth internet-based companies across a variety of sectors, notes the announcement by its portfolio company Depositphotos, Inc. ("Depositphotos") of a US$5 million equity financing round led by the venture capital arm of the European Bank for Reconstruction and Development ("EBRD").  

This transaction was the second of the expected revaluations announced by the Company on 30 November 2015.  Further details will be announced in due course, once the transaction is fully completed.

About Depositphotos

Founded in 2009, Depositphotos is one of the fastest-growing stock photo marketplaces in the world.  Headquartered in New York, the company serves customers from 192 countries, providing 24/7 support in 20 languages.  Depositphotos has a library of over 40 million premium high-quality stock photos, illustrations, vector images and video files.  Its 3 million members worldwide use Depositphotos on a regular basis to search and license desired creative content.

For further information contact:

TMT Investments Plc Mr. Alexander Selegenev www.tmtinvestments.com	[phone] [e-mail]
ZAI Corporate Finance Ltd. NOMAD Richard Morrison/Irina Lomova	[phone]
Hybridan LLP Broker Claire Louise Noyce	[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

 

END

 

 

STRGCBDDXSDBGUB