TMT Investments PLC (AIM: TMT.L), the venture capital company investing in high-growth technology companies, announces that it was notified on 9 July 2019 that Alexander Selegenev, Executive Director of TMT, had sold, in aggregate, 23,400 ordinary shares of no par value each in the Company ("Ordinary Shares") at an average price of US$3.60 per share. The Company has also been notified that Mr Selegenev purchased, in aggregate, 23,400 Ordinary Shares at an average price of US$3.60 per share into his ISA accounts on 9 July 2019.
Following these transactions, Mr Selegenev therefore remains interested in 61,076 Ordinary Shares, representing approximately 0.21% of the Company's issued ordinary share capital.
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.
Details of the person discharging managerial responsibilities / person closely associated
Reason for the notification
PDMR (Executive Director)
Initial notification /Amendment
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
TMT Investments Plc
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
Description of the financial instrument, type of instrument
Ordinary shares of no par value each
Nature of the transaction
Disposal and purchase of ordinary shares
Price(s) and volume(s)
- Aggregated volume
Disposal of, in aggregate, 23,400 ordinary shares and acquisition of, in aggregate 23,400 ordinary shares
Average price of disposals of US$3.60 and average price of acquisitions of US$3.60
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.
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