REG - TMT Investments - Confirmation of Subscription
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, SOUTH AFRICA, NEW ZEALAND OR SINGAPORE OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN ADMISSION DOCUMENT AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF ANY OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY ORDINARY SHARES IN THE CAPITAL OF THE COMPANY, NOR SHALL IT (OR ANY PART OF IT), OR THE FACT OF ITS DISTRIBUTION, FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH OR ACT AS ANY INDUCEMENT TO ENTER INTO, ANY CONTRACT OR COMMITMENT WHATSOEVER.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO.596/2014 ("MAR"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION, AS PERMITTED BY MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.
29 March 2018
TMT INVESTMENTS PLC
("TMT" or the "Company")
Confirmation of Share Subscription of 164,609 ordinary shares of no par value each at US$2.43
Directors' Share Dealing
TMT Investments PLC, the venture capital company investing in high-growth, technology companies across a number of core specialist sectors, announced earlier today that it has issued and allotted 1,276,260 new ordinary shares of no par value each in the Company ("Placing Shares") to certain institutional and other investors at a price of US$2.43 per share (the "Placing Price") (the "Placing"). The announcement also stated that the Company was intending to undertake a subscription of new ordinary shares. The Company is pleased to confirm that it has now received subscriptions for 164,609 new ordinary shares of no par value ("Subscription Shares") at a price of US$2.43 per share (the "Subscription").
The Placing and Subscription have raised in aggregate US$ 3.50 million (US$ 3.31 million net of expenses).
The subscribers to the Subscription Shares comprise:
Existing shareholding
%
No of Subscription Shares
Resultant holding
%
Alexander Selegenev*
30,000
0.11%
20,576
50,576
0.17%
Macmillan Trading Company Limited
7,084,511
25.53%
144,033
7,228,544
24.77%
* Alexander Selegenev is a director of the Company.
The Subscription Shares will rank pari passu with the Placing Shares and the existing TMT ordinary shares. Application has been made for the Subscription Shares to be admitted to trading on AIM, which is expected to occur on 6 April 2018.
Following the issue of the Placing Shares and the Subscription Shares the Company's issued share capital will comprise 29,185,831 ordinary shares. No TMT ordinary shares are held in Treasury. From Admission the figure of 29,185,831 ordinary shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules
For further information contact:
TMT Investments PLC
Alexander Selegenev
Executive Director
+44 1534 281 843
alexander.selegenev@tmtinvestments.com
Smith & Williamson Corporate Finance Ltd
Nominated Adviser
Russell Cook
David Jones
Ben Jeynes
+44 (0)20 7131 4000
Hybridan LLP
Broker
Claire Louise Noyce
+44 20 3764 2341
Kinlan Communications
David Hothersall
+44 20 7638 3435
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
NOTIFICATIONS AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Alexander Selegenev
2
Reason for the notification
a)
Position/status
PDMR (Executive Director)
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
Identification code
JE00B3RQZ289
b)
Nature of the transaction
Subscription for new ordinary shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
US$2.43
20,576
d)
Aggregated information
n/a - single transaction
- Aggregated volume
- Price
e)
Date of the transaction
29 March 2018
f)
Place of the transaction
Outside of a trading venue
This information is provided by RNSThe company news service from the London Stock ExchangeENDMSCSEUFSUFASEID
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