26 May 2020
TMT INVESTMENTS PLC
(“TMT” or the “Company”)
TMT Investments PLC (AIM: TMT.L), the venture capital company investing in high-growth technology companies, announces that it was notified, on 22 May 2020, that Artemii Iniutin, TMT’s Head of Investments, has agreed to acquire, in aggregate, 433,157 ordinary shares of no par value each in the Company (“Ordinary Shares”) at US$3.11 per Ordinary Share (the “Share Acquisition”).
Of the total number of Ordinary Shares acquired pursuant to the Share Acquisition, 241,939 are to be acquired directly by Mr. Iniutin, with settlement expected to take place by no later than 22 June 2020, and 191,218 are to be acquired by Merit Systems Inc., a company wholly owned by Mr. Iniutin, with settlement expected to take place by no later than 22 August 2020 (together “Settlement”).
Following Settlement, Mr. Iniutin will be interested in, in aggregate, 433,157 Ordinary Shares, representing approximately 1.48% of the Company’s issued ordinary share capital. The Ordinary Shares subject to the Share Acquisition represent the entire holding of the selling TMT shareholder.
For further information contact:
TMT Investments PLC
+44 (0)1534 281 800
(Computershare – Company Secretary)
Strand Hanson Limited
Richard Tulloch / James Dance
+44 (0)20 7409 3494
Claire Louise Noyce
+44 (0)20 3764 2341
+44 (0)20 7638 3435
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.
PDMR Notification Form
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail in respect of the transaction as described above.
Details of the person discharging managerial responsibilities / person closely associated
Reason for the notification
PDMR (Head of Investments)
Initial notification /Amendment
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
TMT Investments PLC
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
Description of the financial instrument, type of instrument
Ordinary shares of no par value each
Nature of the transaction
Purchase of ordinary shares
Price(s) and volume(s)
– Aggregated volume
Purchase of 433,157 ordinary shares
US$3.11 per share
Date of the transaction
22 May 2020
Place of the transaction
Outside of a trading venue
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 invested in over 55 companies to date and has net assets of US$102m as of 31 December 2019. 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.