Exercise of options

RNS Number : 6833D

TMT Investments PLC

01 May 2013

 



1 May 2013

TMT INVESTMENTS PLC

("TMT" or the "Company")

Exercise of options

The Company announces that on 30 April 2013, Alexander Selegenev, the Company's Executive Director, exercised an option over 33,333 ordinary shares of no par value in the Company ("Ordinary Shares") from the April 2011 grant at the exercise price of US$1 per Ordinary Share.  The Ordinary Shares acquired represent 0.13% of the Company's enlarged issued share capital.  In order to cover the tax liability arising upon exercise, Mr. Selegenev intends to sell up to 50% of the Ordinary Shares acquired as part of the exercise in the next 2 months.

The new Ordinary Shares will rank pari passu with existing Ordinary Shares and application has been made for the new Ordinary Shares to be admitted to trading on AIM, which is expected to occur on 7th May 2013.

Following the issue of the new Ordinary Shares, the Company will have a total of 25,426,591 Ordinary Shares in issue.  

For further information contact:

TMT Investments Plc Mr. Alexander Selegenev www.tmtinvestments.com	[phone] [e-mail]
ZAI Corporate Finance Ltd. NOMAD and Broker Marc Cramsie/Irina Lomova	[phone]
Kinlan Communications David Hothersall	Tel. [phone] [e-mail]

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 raised USD28m and invested in 25 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

 

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