Business
PrimaryBid Offer
PrimaryBid Offer.
About this update from Tmt Investments Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8054N\n TMT Investments PLC\n 01 October 2021\n \n \n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN (THIS \n \n \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 \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 \n THIS ANNOUNCEMENT IS A FINANCIAL PROMOTION FOR THE PURPOSES OF SECTION 21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (\n \n \"FSMA\") AND HAS BEEN APPROVED BY PRIMARYBID LIMITED WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY (FRN 779021).\n \n \n For immediate release\n \n \n 1 October 2021\n \n \n TMT INVESTMENTS PLC\n \n \n 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 subscription via PrimaryBid (the \"PrimaryBid Offer\") of new ordinary shares of no par value in the Company (\"Ordinary Shares\")(the \"PrimaryBid Offer Shares\") at an issue price of US$8.50 per share (the \"Issue Price\") which represents a discount of 7.6 per cent. to the closing middle market price of an Ordinary Share on 30 September 2021 (being the latest practicable date prior to the publication of this Announcement) and a premium of 13.5 per cent. to the Company's unaudited net asset value per share of US$7.49 as at 30 June 2021.\n \n \n \n \n \n Earlier today, the Company also announced a conditional capital raise 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 at the Issue Price (the \"Capital Raising Announcement\"). The Capital R...