Receipt of Depositphotos disposal consideration

RNS Number : 0988O

TMT Investments PLC

05 October 2021

 

5 October 2021

TMT INVESTMENTS PLC

("TMT" or the "Company")

Receipt of initial consideration from Depositphotos disposal

TMT Investments Plc (AIM: TMT.L), the venture capital company investing in high-growth technology companies, is pleased to announce 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 hold-back amount of approximately US$1.4 million payable within approximately 12 months of the completion of the transaction .

For further information contact :

TMT Investments Plc Alexander Selegenev Executive Director www.tmtinvestments.com	[phone] (Computershare - Company Secretary) [e-mail]
Strand Hanson Limited (Nominated Adviser) James Bellman / James Dance	[phone]
Cenkos Securities plc (Joint Broker) Ben Jeynes	[phone]
Hybridan LLP (Joint Broker) Claire Louise Noyce	[phone]
Kinlan Communications David Hothersall	[phone] [e-mail]

About TMT Investments Plc

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 Stock Exchange. www.tmtinvestments.com .

Twitter

LinkedIn

Facebook

 

END

 

 

MSCDKPBPNBDDQKK