Business
Result of the PrimaryBid Offer
Result of the PrimaryBid Offer.
About this update from Tmt Investments Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9674N\n TMT Investments PLC\n 04 October 2021\n \n \n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN (THIS \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 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 Unless otherwise defined herein, capitalised terms used in this Announcement shall have the same meanings as defined in the Company's announcement released at 4:30 p.m. on 1 October 2021 entitled \"Placing and Subscription to raise US$18.5 million\".\n \n \n For immediate release\n \n \n 4 October 2021\n \n \n TMT INVESTMENTS PLC\n \n \n \n \n \n Result of the PrimaryBid Offer\n \n \n \n \n \n TMT Investments Plc (AIM: TMT)\n (\"TMT\" or the \"Company\")\n , t\n he venture capital company investing in high-growth, technology companies across a number of core specialist sectors\n , is pleased to announce the results of the PrimaryBid Offer announced on 1 October 2021 .\n \n \n \n \n \n The PrimaryBid Offer, which successfully completed and closed at 12 noon on 4 October \n 2021, has \n conditionally raised gross proceeds of US$758,506 at the Issue Price via the issue of 89,236 new Ordinary Shares (the \"PrimaryBid Offer Shares\"). The Sterling equivalent of the Issue Price used for the purposes of applications under the PrimaryBid Offer was £6.31 based on an exchange rate of US$1.00:£0.7422.\n \n \n \n \n \n The Company has therefore raised gross proceeds of, in aggregate, approximately US$19.3m pursuant to the Capital Raising and PrimaryBid Offer. \n \n \n \n \n \n The Company will issue and allot, in aggregate, 2,265,707 new Ordinary Shares in connection with the Capital Raising and the PrimaryBid Offer\n conditional upon, inter alia, the New Ordin...