Business
Issue of Equity
Issue of Equity.
About this update from Tmt Investments Plc
[{"type":"text","content":"\n \nRNS Number : 0004N TMT Investments PLC 22 July 2014 \n \n\n22 July 2014\n \nTMT INVESTMENTS PLC\n(\"TMT\" or the \"Company\")\n \nEquity capital raise\n \nTMT Investments PLC, which invests in high-growth, internet-based companies across a variety of sectors, is pleased to announce that it has today allotted 1,432,431 new ordinary shares of no par value each in the Company (\"TMT Shares\") to new and existing investors at a price of US$1.85 per share, being a discount of 5.6% the closing price of TMT Shares on 21 July 2014 and raising US$2.65 million. \n \nThe following table indicates the participation of certain existing shareholders who participated in the equity capital raise: \n \n\n\n\n\nName \n\n\nPrior to the Equity Capital Raise\n\n\nFollowing the Equity Capital Raise\n\n\n\n\n\n\n\nNo. of shares held\n\n\n% holding\n\n\nNo. of shares acquired\n\n\nResultant holding\n\n\n% holding\n\n\n\n\n \nMacmillan Trading Company Limited* \n \n\n\n5,479,000\n\n\n20.96%\n\n\n540,540\n\n\n6,019,540\n\n\n21.83%\n\n\n\n\n \nSpotlight Global Corp\n\n\n1,966,666\n\n\n7.52%\n\n\n \n486,486\n \n\n\n2,453,152,\n\n\n8.90%\n\n\n\n\n \n*Macmillan Trading is a company controlled by TMT's senior managers German Kaplun and Alexander Morgulchik. \n \n \nAlexander Selegenev, Executive Director of TMT Investments PLC, commented: \"Given the Company's limited free float, we are pleased with this opportunity to expand our shareholder base. The additional capital will be used to make follow-on investments in our most promising portfolio companies, as well as to pursue new investment opportunities.\"\n \nThe new TMT Shares will rank pari passu with existing TMT Shares and application has been made for these new TMT Shares to be admitted to trading on AIM, which is expected to occur on 28 July 2014.\n \nFollowing the issue of the new TMT Shares, the Company now has a total of 27,568,493 TMT Shares in issue.\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 Communicatio...