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RNS Number : 7304D
TMT Investments PLC
28 June 2019
 

28 June 2019

 

TMT INVESTMENTS PLC

("TMT" or the "Company")

 

Portfolio update

 

TMT Investments PLC (AIM: TMT.L), the venture capital company investing in high-growth technology companies, is pleased to announce that its portfolio company Bolt (formerly known as Taxify), a leading international ride-hailing and transportation company (www.bolt.eu), has completed a new funding round.  The transaction represents a revaluation uplift of US$5.04 million (or 29.5%) in the fair value of TMT's investment in Bolt, compared to the previous reported amount as of 31 December 2018.

 

This announcement is inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

For further information contact:

 

TMT Investments PLC

Alexander Selegenev

Executive Director

www.tmtinvestments.com

 

+44 (0)1534 281 800

(Computershare - Company Secretary)

 

[email protected]

 

Strand Hanson Limited

(Nominated Adviser)

Richard Tulloch / James Dance / Eric Allan

 

+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

[email protected]

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 45 companies to date and has latest announced net assets of US$90m.  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 [email protected] or visit www.rns.com.
 
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