Partial disposal of investment

RNS Number : 3303M

TMT Investments PLC

27 July 2017

 

27 July 2017

TMT INVESTMENTS PLC

("TMT" or the "Company")

Partial disposal and revaluation of investment in a portfolio company.

TMT Investments PLC, the venture capital company which invests in high-growth, technology companies across a number of core specialist sectors, is pleased to announce that it has sold a part of its holding in one of its portfolio companies for US$400,000 to a private investor. 

The transaction represents an approximately US$4.89 million (or 114%) uplift in the fair value of TMT's investment in the company compared to the latest reported amount as of 31 December 2016, and is equivalent to 17.6 cents in additional NAV per TMT share.

For further information contact:

TMT Investments plc Alexander Selegenev Executive Director www.tmtinvestments.com	[phone] [e-mail]
ZAI Corporate Finance Ltd. NOMAD Dugald J. Carlean/Ray Zimmerman	[phone]
Hybridan LLP Broker Claire Louise Noyce	[phone]
Kinlan Communications David Hothersall	Tel. [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$53m 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

 

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