29 December 2015
TMT INVESTMENTS PLC
("TMT" or the "Company")
Announcement of Depositphotos transaction
TMT Investments PLC, which invests in high-growth internet-based companies across a variety of sectors, confirms that, further to the announcements made by the Company on 30 November 2015 and 20 December 2015, completion by its portfolio company Depositphotos, Inc. ("Depositphotos") of a US$5 million equity financing round led by the venture capital arm of the European Bank for Reconstruction and Development ("EBRD") is expected within the next two weeks.
Further details will be announced in due course, once the transaction is fully completed.
About Depositphotos
Founded in 2009, Depositphotos is one of the fastest-growing stock photo marketplaces in the world. Headquartered in New York, the company serves customers from 192 countries, providing 24/7 support in 20 languages. Depositphotos has a library of over 40 million premium high-quality stock photos, illustrations, vector images and video files. Its 3 million members worldwide use Depositphotos on a regular basis to search and license desired creative content.
For further information contact:
TMT Investments Plc Mr. Alexander Selegenev www.tmtinvestments.com |
+44 1534 281 843 [email protected] |
ZAI Corporate Finance Ltd. NOMAD Richard Morrison/Irina Lomova |
+44 20 7060 2220 |
Hybridan LLP Broker Claire Louise Noyce |
+44 20 3764 2341 |
Kinlan Communications David Hothersall |
Tel. +44 20 7638 3435 [email protected] |
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 net assets of US$42m and has invested in just under 40 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
