PDMR Shareholding, TMT Investments, 2020-05-26






RNS Number : 9699N
TMT Investments PLC
26 May 2020
 

26 May 2020

 

TMT INVESTMENTS PLC

(“TMT” or the “Company”)

 

PDMR Shareholding

 

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

Alexander Selegenev

Executive Director

www.tmtinvestments.com

 

+44 (0)1534 281 800

(Computershare – Company Secretary)

 

alexander.selegenev@tmtinvestments.com

 

Strand Hanson Limited

(Nominated Adviser)

Richard Tulloch / James Dance

 

+44 (0)20 7409 3494

Hybridan LLP

(Broker)

Claire Louise Noyce

 

+44 (0)20 3764 2341

Kinlan Communications

David Hothersall

+44 (0)20 7638 3435

davidh@kinlan.net

 

 

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.

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Artemii Iniutin

2

Reason for the notification

a)

Position/status

PDMR (Head of Investments)

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

TMT Investments PLC

b)

LEI

213800UGZLGI4R6YW964

4

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

a)

Description of the financial instrument, type of instrument

Ordinary shares of no par value each

 

 

Identification code

JE00B3RQZ289

 

 

b)

Nature of the transaction

Purchase of ordinary shares

c)

Price(s) and volume(s)

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

US$3.11

241,939

 

 

 

US$3.11

191,218

 

 

 

 

 

 

d)

Aggregated information

 

 

 

– Aggregated volume

Purchase of 433,157 ordinary shares

 

 

– Price

US$3.11 per share

 

 

e)

Date of the transaction

22 May 2020

f)

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.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 

END

 
 

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