30 August 2013
TMT INVESTMENTS PLC
("TMT" or the "Company")
Conversion of promissory note in Graphicly, Inc.
TMT Investments PLC, which invests in high-growth internet-based companies across a variety of sectors, is pleased to announce that on 28 August 2013, its portfolio company Graphicly, Inc. ("Graphicly") completed the initial closing of a new equity financing round. Pursuant to the terms of the Company's convertible promissory note in Graphicly (the "Note"), the outstanding principal and unpaid accrued interest of the Note amounting to US$358,458 was automatically converted into Graphicly's preference shares. After the new equity financing round is completed, TMT will hold approximately 8.47% of Graphicly's fully-diluted equity capital. The transaction represents an uplift of approximately US$130,000 (or 36%) in the fair value of TMT's original investment in Graphicly.
TMT's original investment in Graphicly was made on 3 April 2013 and consisted of a US$350,000 secured convertible promissory note.
Incorporated in Delaware and headquartered in Palo Alto, California, Graphicly makes it easy for leading publishers and self-published authors to bring their eBook content to market. Publishers and self-published authors benefit from Graphicly's powerful eBook SaaS platform to convert, manage, distribute, promote and track text and image-based eBook content on all major digital publishing platforms including Amazon Kindle, Apple iBooks, Nook, Kobo, the Web and other platforms. Graphicly has attracted over 6,000 publishers across a variety of eBook content including graphic novels, comic books, children's books, art books, magazines and more. www.graphicly.com
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About TMT Investments
TMT Investments PLC invests in high-growth, internet-based companies across a variety of sectors and has a significant number of Silicon Valley investments in its portfolio. Founded in 2010, TMT has raised USD28m and invested in 26 companies to date. 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
