Business
Expected positive revaluations of portfolio
Expected positive revaluations of portfolio.
About this update from Tmt Investments Plc
[{"type":"text","content":"\n \nRNS Number : 2814H TMT Investments PLC 30 November 2015 \n\n30 November 2015\n \nTMT INVESTMENTS PLC\n(\"TMT\" or the \"Company\")\n \nExpected positive revaluations of portfolio companies\n \nTMT Investments PLC, which invests in high-growth internet-based companies across a variety of sectors, is pleased to announce that two of its portfolio companies (\"Portfolio Companies\") are currently in the process of completing new equity financing rounds (\"Transactions\"). \n \nIf completed, the Transactions will collectively represent an approximately US$8.7 million uplift in the fair value of TMT's investments in the Portfolio Companies, compared to the latest announced amounts as of 30 June 2015, which will be equivalent to approximately 32 cents in additional net asset value per TMT share.\n \nThe Transactions are expected to be completed in the next four weeks. As part of the Transactions, TMT is expected to invest an additional US$1 million in one of the Portfolio Companies.\n \nThere is no guarantee the Transactions will be completed, and TMT will make relevant announcements in due course.\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\nRichard Morrison/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 net assets of US$42m and has invested in just under 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\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END STRPGGGUGUPAGBM\n ","length":4683,"tagName":"div"}]