Announcement of Depositphotos transaction

RNS Number : 7092J
TMT Investments PLC
21 December 2015
 

21 December 2015

 

TMT INVESTMENTS PLC

("TMT" or the "Company")

 

Announcement of Depositphotos transaction

 

TMT Investments PLC, which invests in high-growth internet-based companies across a variety of sectors, notes the announcement by its portfolio company Depositphotos, Inc. ("Depositphotos") of a US$5 million equity financing round led by the venture capital arm of the European Bank for Reconstruction and Development ("EBRD").  

 

This transaction was the second of the expected revaluations announced by the Company on 30 November 2015.  Further details will be announced in due course, once the transaction is fully completed.

 

About Depositphotos

 

Founded in 2009, Depositphotos is one of the fastest-growing stock photo marketplaces in the world.  Headquartered in New York, the company serves customers from 192 countries, providing 24/7 support in 20 languages.  Depositphotos has a library of over 40 million premium high-quality stock photos, illustrations, vector images and video files.  Its 3 million members worldwide use Depositphotos on a regular basis to search and license desired creative content.

 

 

For further information contact:

 

TMT Investments Plc

Mr. Alexander Selegenev

www.tmtinvestments.com

 

+44 1534 281 843

alexander.selegenev@tmtinvestments.com

 

ZAI Corporate Finance Ltd.

NOMAD

Richard Morrison/Irina Lomova

 

+44 20 7060 2220

Hybridan LLP

Broker

Claire Louise Noyce

 

+44 20 3764 2341

Kinlan Communications

David Hothersall

 

Tel. +44 20 7638 3435

davidh@kinlan.net

 

About TMT Investments

 

TMT Investments PLC invests in high-growth, internet-based companies across a variety of sectors and has a significant number of Silicon Valley investments in its portfolio. Founded in 2010, TMT has net assets of US$42m and has invested in just under 40 companies to date. 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 Stock Exchange. www.tmtinvestments.com

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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