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TMT Investments (TMT)

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Wednesday 15 July, 2020

TMT Investments

PDMR Shareholding

RNS Number : 0089T
TMT Investments PLC
15 July 2020
 

15 July 2020

 

TMT INVESTMENTS PLC

("TMT" or the "Company")

 

PDMR Shareholding

 

TMT Investments PLC (AIM: TMT.L), the venture capital company investing in high-growth technology companies, announces that it was notified on 14 July 2020, that on 13 July 2020, Artemii Iniutin, TMT's Head of Investments, agreed to acquire 1,000,000 ordinary shares of no par value each in the Company ("Ordinary Shares") at a price of US$3.67 per Ordinary Share (the "Share Acquisition").  The Ordinary Shares acquired pursuant to the Share Acquisition, are to be acquired directly by Merit Systems Inc. ("Merit"), a Company wholly owned by Mr Iniutin, with settlement expected to take place within three months (the "Settlement").

 

Mr Iniutin has also confirmed to the Company that the settlement of the 241,939 Ordinary Shares acquired directly by him as announced on 26 May 2020, has not yet occurred and is expected to complete shortly.  Of the 191,218 Ordinary Shares acquired by Merit, 116,373 Ordinary Shares have now been received with the remainder to be received no later than 22 August 2020, as announced on 26 May 2020.

 

Following Settlement, Mr Iniutin will, taking into account the 433,157 Ordinary Shares acquired by him (directly and through Merit) as announced on 26 May 2020, of which 116,373 have been received with the remainder still to be received, be interested in, in aggregate, 1,433,157 Ordinary Shares, representing approximately 4.91% of the Company's issued ordinary share capital.

 

For further information contact:

 

TMT Investments PLC

Alexander Selegenev

Executive Director

www.tmtinvestments.com

 

+44 (0)1534 281 800

(Computershare - Company Secretary)

 

[email protected]

 

Strand Hanson Limited

(Nominated Adviser)

Richard Tulloch / James Bellman

 

+44 (0)20 7409 3494

Hybridan LLP

(Broker)

Claire Louise Noyce

 

+44 (0)20 3764 2341

Kinlan Communications

David Hothersall

+44 (0)20 7638 3435

[email protected]

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.

 

PDMR Notification Form

 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail in respect of the transaction as described above.

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Artemii Iniutin

2

Reason for the notification

a)

Position/status

PDMR ( Head of Investments )

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

TMT Investments PLC

b)

LEI

213800UGZLGI4R6YW964

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of no par value each



Identification code

JE00B3RQZ289



b)

Nature of the transaction

Purchase of ordinary shares

c)

Price(s) and volume(s)




Price(s)

Volume(s)




US$3.67

1,000,000







d)

Aggregated information




- Aggregated volume

Purchase of 1,000,000 ordinary shares



- Price

US$3.67 per share



e)

Date of the transaction

13 July 2020

f)

Place of the transaction

Outside of a trading venue

 

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 55 companies to date and has net assets of US$102m as of 31 December 2019.  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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