Business
Placing and Subscription to raise US$18.5 million
Placing and Subscription to raise US$18.5 million.
About this update from Tmt Investments Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8046N\n TMT Investments PLC\n 01 October 2021\n \n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN (THIS \n \"ANNOUNCEMENT\") IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\n \n \n THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN TMT INVESTMENTS PLC OR ANY OTHER ENTITY IN ANY JURISDICTION.\n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.\n \n \n For immediate release\n \n \n 1 October 2021\n \n \n TMT INVESTMENTS PLC\n \n \n Placing and Subscription to raise gross proceeds of US$18.5 million\n \n \n \n \n \n and\n \n \n \n \n \n Proposed PrimaryBid Offer \n \n \n \n \n \n TMT Investments Plc (AIM: TMT)\n (\"TMT\" or the \"Company\"), the venture capital company investing in high-growth, technology companies across a number of core specialist sectors, is pleased to announce a conditional capital raising to raise US$18.5 million before expenses (the \"Capital Raising\") by way of the issue of an aggregate of 2,176,471 new ordinary shares of no par value in the Company (\"Ordinary Shares\") at an issue price of US$8.50 per share (the \"Issue Price\").\n \n \n \n \n \n The Capital Raising consists of a conditional placing of 1,577,672 new Ordinary Shares (the \"Placing Shares\") at the Issue Price with new and existing institutional investors (the \"Placing\") and separate conditional direct subscriptions with the Company for an aggregate of 598,799 new Ordinary Shares (the \"Subscription Shares\" and together with the Placing Shares, the \"New Ordinary Shares\") by Executive Director Alexander Selegenev and certain members of the Company's founding management team and their connected parties (the \"Subscription\").\n \n \n \n \n \n The New Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue and application has been made for the New Ordinary Shares to be admitted to trading on th...