Business
Receipt of Depositphotos disposal consideration
Receipt of Depositphotos disposal consideration.
About this update from Tmt Investments Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0988O\n TMT Investments PLC\n 05 October 2021\n \n \n \n \n 5 October 2021\n \n \n \n \n \n TMT INVESTMENTS PLC\n \n \n (\"TMT\" or the \"Company\")\n \n \n \n \n \n Receipt of initial consideration from Depositphotos disposal\n \n \n \n \n \n TMT Investments Plc (AIM: TMT.L), the venture capital company investing in high-growth technology companies, is pleased to announce \n that, further to its announcement of 17 September 2021 regarding the disposal of its entire holding in Depositphotos, Inc., the Company confirms receipt of the initial consideration of US$12.9 million, with a further \n hold-back amount of approximately US$1.4 million payable within approximately 12 months of the completion of the transaction\n .\n \n \n \n \n \n \n \n \n \n For further information contact\n \n :\n \n \n \n \n \n \n \n \n TMT Investments Plc\n \n \n Alexander Selegenev\n \n \n Executive Director\n \n \n \n \n www.tmtinvestments.com\n \n \n \n \n \n \n \n \n \n +44 (0)1534 281 800\n \n \n (Computershare - Company Secretary)\n \n \n \n \n \n \n \n [email protected]\n \n \n \n \n \n \n \n \n \n \n \n Strand Hanson Limited\n \n \n (Nominated Adviser)\n \n \n James Bellman / James Dance\n \n \n \n \n \n \n \n +44 (0)20 7409 3494\n \n \n \n \n \n \n Cenkos Securities plc \n \n \n (Joint Broker)\n \n \n Ben Jeynes\n \n \n \n \n \n \n \n +44 (0)20 7397 8900\n \n \n \n \n \n \n Hybridan LLP\n \n \n (Joint Broker)\n \n \n Claire Louise Noyce\n \n \n \n \n \n \n \n +44 (0)20 3764 2341\n \n \n \n \n \n \n Kinlan Communications\n \n \n David Hothersall\n \n \n \n \n \n \n \n +44 (0)20 7638 3435\n \n \n \n \n [email protected]\n \n \n \n \n \n \n \n \n \n \n \n \n \n About TMT Investments Plc\n \n \n \n \n \n TMT 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 a current investment portfolio of over 45 companies and net assets of US$218 million as of 30 June 2021. 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...