Business
Partial disposal of investment
Partial disposal of investment.
About this update from Tmt Investments Plc
[{"type":"text","content":"\n \nRNS Number : 3303M TMT Investments PLC 27 July 2017 \n\n27 July 2017\n \nTMT INVESTMENTS PLC\n(\"TMT\" or the \"Company\")\n \nPartial disposal and revaluation of investment in a portfolio company.\n \nTMT Investments PLC, the venture capital company which invests in high-growth, technology companies across a number of core specialist sectors, is pleased to announce that it has sold a part of its holding in one of its portfolio companies for US$400,000 to a private investor. \n \nThe transaction represents an approximately US$4.89 million (or 114%) uplift in the fair value of TMT's investment in the company compared to the latest reported amount as of 31 December 2016, and is equivalent to 17.6 cents in additional NAV per TMT share.\n \nFor further information contact:\n \n\n\n\n\nTMT Investments plc\nAlexander Selegenev\nExecutive Director\nwww.tmtinvestments.com\n \n\n\n+44 1534 281 843\[email protected]\n \n\n\n\n\nZAI Corporate Finance Ltd.\nNOMAD\nDugald J. Carlean/Ray Zimmerman\n \n\n\n+44 20 7060 2220\n\n\n\n\nHybridan LLP\nBroker\nClaire Louise Noyce\n \n\n\n+44 20 3764 2341\n\n\n\n\nKinlan Communications\nDavid Hothersall\n \n\n\nTel. +44 20 7638 3435\[email protected]\n\n\n\n\n \n \nAbout TMT Investments Plc\n \nTMT 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 net assets of US$53m and has invested in over 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 MSCXDLFLDDFZBBB\n ","length":4563,"tagName":"div"}]