Business
Conversion of promissory note in Wrike, Inc.
Conversion of promissory note in Wrike, Inc..
About this update from Tmt Investments Plc
[{"type":"text","content":"\n \nRNS Number : 4572I TMT Investments PLC 03 July 2013 \n \n\n3 July 2013\n \nTMT INVESTMENTS PLC\n(\"TMT\" or the \"Company\")\n \nConversion of promissory note in Wrike, Inc.\n \nTMT Investments PLC, which invests in high-growth internet-based companies across a variety of sectors, is pleased to announce that the outstanding principal and unpaid accrued interest of the Company's convertible promissory note in Wrike, Inc. (\"Wrike\") amounting to US$1,080,000 was yesterday converted into Wrike's common shares. As a result, TMT currently owns 6.32% of Wrike's fully diluted equity capital.\n \nTMT's original investment in Wrike was made on 12 June 2012 and consisted of a US1,000,000 unsecured convertible promissory note in Wrike. \n \nWrike is leading on-demand, online project management and collaboration software. It provides teams with a unique platform for collaborating on multiple projects in one workspace in real time. Wrike's collaboration features give a significant productivity gain to thousands of companies all over the globe, including Adobe, EMC and Ecco. Wrike is a privately held corporation located in California.\n \n \nFor further information contact:\n \n\n\n\n\nTMT Investments Plc\nMr. Alexander Selegenev\nwww.tmtinvestments.com\n \n\n\n+44 1534 281 843\[email protected]\n \n\n\n\n\nZAI Corporate Finance Ltd.\nNOMAD and Broker\nMarc Cramsie/Irina Lomova\n \n\n\n+44 20 7060 2220\n\n\n\n\nKinlan Communications\nDavid Hothersall\n \n\n\nTel. +44 20 7638 3435\[email protected]\n\n\n\n\n \nAbout TMT Investments\n \nTMT Investments PLC invests in high-growth, internet-based companies across a variety of sectors and has a significant number of Silicon Valley investments in its portfolio. Founded in 2010, TMT has raised USD28m and invested in 25 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\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END STREAXXAEFPDEFF\n ","length":4906,"tagName":"div"}]