Business
Statement re Completion of investment in Berryman
Statement re Completion of investment in Berryman.
About this update from Tmt Investments Plc
[{"type":"text","content":"\n \nRNS Number : 2757N TMT Investments PLC 30 August 2011 \n \n\n30 August 2011\n \nTMT INVESTMENTS PLC\n(\"TMT\" or the \"Company\")\n \nCompletion of investment in Berryman Capital Group Ltd\n \nFurther to the announcement made on 26 August 2011, the conditions of the Berryman acquisition have now been satisfied, the Completion Date was today and the first payment of $500,000 is due by 13 September 2011.\n \n30 August 2011\n \nFor further information contact:\n \n\n\n\n\nTMT INVESTMENTS PLC\nMr. Alexander Selegenev\nwww.tmtinvestments.com\n \n\n\n+44(0)1534 281 843\[email protected]\n\n\n\n\nZAI Corporate Finance Ltd\nNOMAD and Broker\nMarc Cramsie/Irina Lomova\n\n\n020 7060 2220\n\n\n\n\n \n \n \nAbout TMT Investments\n \nThe Investment Policy & Strategy\nThe Company's objective is to generate an attractive rate of return for Shareholders, predominantly through capital appreciation, by taking advantage of opportunities to invest in the TMT Sector. The Company aims to provide equity and equity-related investment capital, such as convertible loans, to private companies which are seeking capital for growth and development, consolidation or acquisition, or as a pre-IPO financing.\n \nIn addition, the Company intends to invest in publicly traded equities which have securities listed on a stock exchange or over-the-counter market. These investments may be in combination with additional debt or equity-related financing, and in appropriate circumstances in collaboration with other value added financial and/or strategic investors.\n \nThe Company is not geographically restricted in terms of where it will consider making investments. It will consider any geographical area, to the extent that the investment fits within the Company's investment criteria. The Directors and Consultants have expertise in emerging markets and, in particular, in Russia and the Commonwealth of Independent States. The Company will not be subject to any borrowing or leveraging limits.\n \nPrivate Companies\nThe Company will target small and mid-sized companies and will seek to secure at least blocking stakes and board representation, where it considers that the Company and/or an investee company would benefit from such an appointment. The Company will consider ...