REG - TMT Investments - Launch of Share Buyback Programme

TMT InvestmentsAnnouncement

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RNS Number : 0736I  TMT Investments PLC  19 November 2025

19 November 2025

TMT INVESTMENTS PLC

("TMT" or the "Company")

 

Launch of Share Buyback Programme

 

TMT Investments Plc (AIM: TMT.L), the venture capital company investing in
high-growth technology companies, is pleased to announce that it will today
commence an on-market share buyback programme (the "Programme") to purchase
ordinary shares of no par value each in the Company ("Ordinary Shares") for an
aggregate consideration of up to US$ 2,000,000.

The Company's board of directors believe that the current share price trades
at a significant discount to the Company's intrinsic value. The purpose of the
Programme is therefore to seek to take advantage of this discount to enhance
Net Asset Value (NAV) per share, reduce the Company's share capital, and
return value to its shareholders. All Ordinary Shares purchased pursuant to
the Programme will be cancelled after completion of each purchase.

The Programme will be conducted in accordance with the authority granted to
the Company by its shareholders at the Annual General Meeting held on 20 May
2025 (the "AGM"), which permits the purchase by the Company of up to 10% of
its issued share capital. The Company intends to repurchase up to 800,000
Ordinary Shares under the Programme, representing approximately 2.54% of its
issued share capital. The Programme will operate until 19 December 2025,
unless completed earlier or extended.

Any purchases of Ordinary Shares under the Programme will be made at a price
not exceeding the lower of: (i) the average of the closing middle market
quotations for the five business days immediately preceding the date of
effective purchase (as derived from the London Stock Exchange AIM Appendix to
the Daily Official List); and (ii) US$ 3.10 per share.

The Company has appointed Hobart Capital Markets LLP (the "Broker") to
manage the Programme. The Broker will make its trading decisions concerning
the purchases of Ordinary Shares independently of, and uninfluenced by, the
Company.

Due to the limited liquidity in the issued Ordinary Shares, any buyback of
Ordinary Shares under the Programme on any trading day may represent a
significant proportion of the daily trading volume in the Ordinary Shares on
AIM and may exceed 25 per cent. of the average daily trading volume, being the
limit laid down under Article 5(1) of the Market Abuse Regulation (EU) No.
596/2014 as it forms part of United Kingdom domestic law by virtue of the
European Union (Withdrawal) Act 2018 (the "UK MAR") and, in such
circumstances, the Company will not benefit from the exemption contained in
that Article.

Any purchases made under the Programme will be announced to the market via a
Regulatory Information Service by no later than 7:00 a.m. on the business day
following the calendar day on which the purchase occurred.

The Company confirms that it currently has no unpublished price sensitive
information beyond the information contained within this announcement.

For further information, please contact:

 

 TMT Investments Plc                              +44 370 707 4040

 Alexander Selegenev                              (Computershare - Company Secretary)

 Executive Director                               alexander.selegenev@tmtinvestments.com

 www.tmtinvestments.com

 Strand Hanson Limited                            +44 (0)20 7409 3494

 (Nominated Adviser)

 James Bellman / James Dance

 Cavendish Capital Markets Limited                +44 (0)20 7220 0500

 (Joint Broker)

 Ben Jeynes / George Lawson / Charlie Combe

 Hybridan LLP                                     +44 (0)20 3764 2341

 (Joint Broker)

 Claire Louise Noyce

 Kinlan Communications                            +44 (0)20 7638 3435

 David Hothersall                                 davidh@kinlan.net

 

About TMT Investments Plc

 

TMT Investments Plc invests in high-growth technology companies globally
across a number of core specialist sectors.  Founded in 2010, TMT has a
current investment portfolio of over 50 companies and net assets of US$214
million as of 30 June 2025. 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 (http://www.tmtinvestments.com) .

 

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018, as amended by virtue of the Market
Abuse (Amendment) (EU Exit) Regulations 2019.

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