Notice of AGM

RNS Number : 8789H

TMT Investments PLC

15 March 2018

 

15 March 2018

TMT INVESTMENTS PLC

("TMT" or the "Company")

Notice of Annual General Meeting

TMT announces that a circular to shareholders containing notice of the 2018 Annual General Meeting of the Company (AGM) is now available in the Investor Relations section of the Company's website, www.tmtinvestments.com.

The AGM will be held at Queensway House, Hilgrove Street, St Helier, Jersey JE1 1ES on Friday 27^th April 2018 at 11:00 (BST) to consider and vote on the following resolutions, of which resolutions 1 to 5 (inclusive) are ordinary resolutions and resolutions 6, 7 and 8 are special resolutions:

Ordinary Business

1.         To receive the accounts of the Company for the year ended 31 December 2017 together with the directors' report pursuant to Article 105 of the Companies (Jersey) Law 1991 (as amended).

2.         To receive the statement of the auditors made pursuant to Article 113A of the Companies (Jersey) Law 1991 (as amended).

3.         To approve the recommendation of the directors that no final dividend be declared in respect of the year ended 31 December 2017.

4.         To reappoint Yuri Mostovoy retiring as a director in accordance with the Company's articles of association and, being eligible, offering himself for reappointment as a director of the Company.

5.         To appoint UHY Hacker Young LLP as auditors of the Company in accordance with Article 113 of the Companies (Jersey) Law 1991 (as amended), until the conclusion of the next general meeting of the Company at which audited accounts are laid before members and to authorise the directors to determine their remuneration.

Special Business

6.         To grant the directors authority to issue and allot, or to agree and allot before the next annual general meeting of the Company, such number of issued ordinary shares in the Company (Ordinary Shares) as in aggregate is equivalent to but not exceeding fifty per cent (50%) of the total number of Ordinary Shares in issue immediately before the AGM.

7.         To grant the directors authority to make one or more purchases of Ordinary Shares on such terms and in such manner as the board of directors may from time to time determine, provided that:

(a)       the maximum number of Ordinary Shares authorised to be purchased shall not exceed ten per cent (10%) of the total number of Ordinary Shares in issue immediately before the AGM (Authorised Shares);

(b)       the maximum price which may be paid for any such Authorised Shares shall not exceed the middle market quotations within 5 days preceding the date of effective purchase;

(c)       the minimum price that may be paid for an Authorised Share is the nominal value of such Authorised Share; and

(d)       unless otherwise varied, renewed or revoked, the authority hereby conferred shall expire on the conclusion of the next annual general meeting of the Company held after the passing of this resolution or 18 months after the date of its passing (whichever shall first occur), except that the Company may, before such expiry, enter into a contract or contracts for the purchase of Authorised Shares which may be completed by or executed wholly or partly after the expiration of this authority.

8.         To amend the Company's Investing Policy by adding the ability to invest in "digital assets" and making other changes, as outlined in the Company's 2017 annual report published by the Company on 15 March 2018.

The last date for receipt of completed forms of proxy for use at the AGM (in accordance with the terms thereof) will be 11:00 BST on 25 April 2018.

For further information contact:

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 invested in over 40 companies to date and has latest announced net assets of US$67m. 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

 

 

NOAGGURCWUPRGWA