Launch of Share Buyback Programme

TMT Investments PLC

20 May 2026

 

20 May 2026

TMT INVESTMENTS PLC

("TMT" or the "Company")

Launch of Share Buyback Programme

TMT Investments Plc (AIM: TMT.L), the venture capital company investing in high-growth technology companies, is pleased to announce that it will today commence an on-market share buyback programme (the "Programme") to purchase ordinary shares of no par value each in the Company ("Ordinary Shares") for an aggregate consideration of up to US$2,000,000.

The Company's board of directors believe that the current share price trades at a significant discount to the Company's intrinsic value. The purpose of the Programme is therefore to seek to take advantage of this discount to enhance Net Asset Value (NAV) per share, reduce the Company's share capital, and return value to its shareholders. All Ordinary Shares purchased pursuant to the Programme will be cancelled after completion of each purchase.

The Programme will be conducted in accordance with the authority granted to the Company by its shareholders at the Annual General Meeting held on 19 May 2026 (the "AGM"), which permits the purchase by the Company of up to 10% of its issued share capital. The Programme will operate until 20 November 2026, unless completed earlier or extended.

Any purchases of Ordinary Shares under the Programme will be made at a price not exceeding the lower of:

(a)           the higher of (i) 105% of the average of the closing middle market quotations for an Ordinary Share as derived from the London Stock Exchange AIM Appendix to the Daily Official List for the five business days immediately preceding the date on which the Ordinary Share is contracted to be purchased; and (ii) the higher of the price of the last independent trade and the highest current independent bid for an Ordinary Share on the trading venue where the purchase is carried out; and

(b)           US$2.80 per share.

The Company has appointed Hobart Capital Markets LLP (the "Broker") to manage the Programme. The Broker will make its trading decisions concerning the purchases of Ordinary Shares independently of, and uninfluenced by, the Company.

Due to the limited liquidity in the issued Ordinary Shares, any buyback of Ordinary Shares under the Programme on any trading day may represent a significant proportion of the daily trading volume in the Ordinary Shares on AIM and may exceed 25% of the average daily trading volume, being the limit laid down under Article 5(1) of the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 (the "UK MAR") and, in such circumstances, the Company will not benefit from the exemption contained in that Article.

Any purchases made under the Programme will be announced to the market via a Regulatory Information Service by no later than 7:00 a.m. on the business day following the calendar day on which the purchase occurred.

The Company confirms that it currently has no unpublished price sensitive information beyond the information contained within this announcement

For further information, please 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 / Imogen Ellis	[phone]
Cavendish Capital Markets Limited (Joint Broker) Ben Jeynes / George Lawson	[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 globally across a number of core specialist sectors.  Founded in 2010, TMT has a current investment portfolio of over 50 companies and net assets of US$221 million as of 31 December 2025. 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.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.

 

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