23 July 2014
TMT INVESTMENTS PLC
("TMT" or the "Company")
Policy re Company announcements
TMT, which invests in high-growth, internet-based companies across a variety of sectors, is changing its policy for the announcement of new investments, disposals and other portfolio developments in the future.
Given the size of the Company's portfolio (over 30 investments to date), net assets (US$32.4 million as of 31 December 2013), and increasing portfolio company activity, TMT considers the following events as non price-sensitive ("Non-Price-Sensitive Events"):
· any single investment or disposal (including a follow-on investment or partial disposal) representing less than 1% of the Company's net assets, and
· any other portfolio development (defined as an impairment, write-off, receipt of deferred consideration for a previously completed disposal, revaluation etc.) resulting in a less than 3%-change in the Company's net assets.
Accordingly, the Company has decided not to announce any Non-Price-Sensitive Events in the future.
For the avoidance of doubt, the Company will announce portfolio developments of any size, if they are deemed price-sensitive for reasons other than size under the AIM Rules. Also, the Company will keep updating its portfolio on its website with every new investment, disposal and write-off, and will continue to provide full details of its portfolio in its interim and annual accounts.
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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 USD33m and invested in over 30 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
