16 October 2020
TMT INVESTMENTS PLC
("TMT" or the "Company")
PDMR and Major Shareholdings
TMT Investments PLC (AIM: TMT.L), the venture capital company investing in high-growth technology companies, announces that it was notified on 15 October 2020, that on 14 October 2020, Nelli Morgulchik (adult daughter of Alexander Morgulchik) transferred, at her sole discretion and for nil consideration, 92.12% of the shares in Macmillan Trading Company Limited ("Macmillan") to Alexander Morgulchik (TMT's Head of Business Development), German Kaplun (TMT's Head of Strategy) and Artemii Iniutin (TMT's Head of Investments) (the "Transfer").
Following the Transfer, the resulting interests in Macmillan, which is currently interested in 6,817,063 ordinary shares of no par value in the Company ("Ordinary Shares"), representing approximately 23.36% of the Company's issued share capital, are set out in the table below.
Accordingly, TMT shareholdings of the members of the concert party, as defined in the City Code on Takeovers and Mergers (the "Code"), which currently exists in the Company, have changed as follows:
Shareholder (legal holder) | Beneficial holder (if different to legal holder) | No. of Ordinary Shares | % of issued share capital |
Macmillan Trading Company Limited ("Macmillan") | Alexander Morgulchik 45.05%, German Kaplun 37.17%, Artemii Iniutin 9.90%, | 6,817,063 | 23.36% |
Ramify Consulting Corp. ("Ramify") | German Kaplun | 5,348,980 | 18.33% |
Wissey Trade & Invest Ltd ("Wissey") | Andrey Kareev | 5,000,000 | 17.13% |
Eclectic Capital Limited ("Eclectic") | Nika Kirpichenko | 1,800,000 | 6.17% |
Menostar Holdings Limited ("Menostar") | Dmitry Kirpichenko | 1,790,000 | 6.13% |
Merit Systems Inc. | Artemii Iniutin | 1,191,218 | 4.08% |
Natalia Inyutina (Adult daughter of Artemii Iniutin) | 727,156 | 2.49% | |
Vlada Kaplun (Adult Daughter of German Kaplun) | 363,578 | 1.25% | |
Marina Kedrova (Adult Daughter of German Kaplun) | 363,578 | 1.25% | |
Artemii Iniutin | | 241,939 | 0.83% |
Total | | 23,643,512 | 81.01% |
Since September 2013, when the Company became subject to the Code, the concert party has been interested in, in aggregate, more than 50% of the Company's issued share capital at all times.
The total direct and indirect interest in TMT by the concert party's beneficial holders are now as follows:
Beneficial holder | No. of Ordinary Shares | % of issued share capital |
German Kaplun | 7,882,664 | 27.01% |
Andrey Kareev | 5,000,000 | 17.13% |
Alexander Morgulchik | 3,071,087 | 10.52% |
Artemii Iniutin | 2,108,046 | 7.22% |
Nika Kirpichenko | 1,800,000 | 6.17% |
Dmitry Kirpichenko | 1,790,000 | 6.13% |
Natalia Inyutina | 727,156 | 2.49% |
Nelli Morgulchik | 537,403 | 1.84% |
Vlada Kaplun | 363,578 | 1.25% |
Marina Kedrova | 363,578 | 1.25% |
Total | 23,643,512 | 81.01% |
The relevant shareholders' individual notification forms are copied below.
TMT Investments PLC Alexander Selegenev Executive Director
| +44 (0)1534 281 800 (Computershare - Company Secretary)
alexander.selegenev@tmtinvestments.com
|
Strand Hanson Limited (Nominated Adviser) Richard Tulloch / James Bellman
| +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 |
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 60 companies to date and has net assets of US$101m as of 30 June 2020. 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.
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i | ||||||
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1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: | TMT Investments PLC | |||||
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
Non-UK issuer | X | |||||
2. Reason for the notification (please mark the appropriate box or boxes with an "X") | ||||||
An acquisition or disposal of voting rights | X | |||||
An acquisition or disposal of financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify)iii: |
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3. Details of person subject to the notification obligationiv | ||||||
Name | Nelli Morgulchik | |||||
City and country of registered office (if applicable) |
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4. Full name of shareholder(s) (if different from 3.)v | ||||||
Name | MacMillan Trading Company Limited | |||||
City and country of registered office (if applicable) | Road Town, Tortola, BVI | |||||
5. Date on which the threshold was crossed or reachedvi: | 14/10/2020 | |||||
6. Date on which issuer notified (DD/MM/YYYY): | 15/10/2020 | |||||
7. Total positions of person(s) subject to the notification obligation | ||||||
| % of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments | Total of both in % (8.A + 8.B) | Total number of voting rights of issuervii | ||
Resulting situation on the date on which threshold was crossed or reached | 1.84% |
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| 29,185,831 | ||
Position of previous notification (if applicable) | 23.36% |
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8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii |
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A: Voting rights attached to shares |
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Class/type of ISIN code (if possible) | Number of voting rightsix | % of voting rights |
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Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) |
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JE00B3RQZ289 |
| 537,403 |
| 1.84% |
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SUBTOTAL 8. A | 537,403 | 1.84% |
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B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) |
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Type of financial instrument | Expiration | Exercise/ | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights |
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| SUBTOTAL 8. B 1 |
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B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) |
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Type of financial instrument | Expiration | Exercise/ | Physical or cash settlementxii | Number of voting rights | % of voting rights |
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| SUBTOTAL 8.B.2 |
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9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") | |||||||||||||
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii |
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Full chain of controlled undertakings through which the voting rights and/or the | X | ||||||||||||
Namexv | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold | ||||||||||
Nelli Morgulchik |
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MacMillan Trading Company Limited | 23.36% of which Nelli Morgulchik is interested in 1.84% |
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10. In case of proxy voting, please identify: | |||||||||||||
Name of the proxy holder |
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The number and % of voting rights held |
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The date until which the voting rights will be held |
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11. Additional informationxvi | |||||||||||||
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Place of completion | London, UK |
Date of completion | 15/10/2020 |
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i | ||||||
| ||||||
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: | TMT Investments PLC | |||||
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
Non-UK issuer | X | |||||
2. Reason for the notification (please mark the appropriate box or boxes with an "X") | ||||||
An acquisition or disposal of voting rights | X | |||||
An acquisition or disposal of financial instruments |
| |||||
An event changing the breakdown of voting rights |
| |||||
Other (please specify)iii: |
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3. Details of person subject to the notification obligationiv | ||||||
Name | Alexander Morgulchik | |||||
City and country of registered office (if applicable) |
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4. Full name of shareholder(s) (if different from 3.)v | ||||||
Name | MacMillan Trading Company Limited | |||||
City and country of registered office (if applicable) | Road Town, Tortola, BVI | |||||
5. Date on which the threshold was crossed or reachedvi: | 14/10/2020 | |||||
6. Date on which issuer notified (DD/MM/YYYY): | 15/10/2020 | |||||
7. Total positions of person(s) subject to the notification obligation | ||||||
| % of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments | Total of both in % (8.A + 8.B) | Total number of voting rights of issuervii | ||
Resulting situation on the date on which threshold was crossed or reached | 10.52% |
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| 29,185,831 | ||
Position of previous notification (if applicable) | 0% |
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8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii | |||||||||||||
A: Voting rights attached to shares | |||||||||||||
Class/type of ISIN code (if possible) | Number of voting rightsix | % of voting rights | |||||||||||
Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | ||||||||||
JE00B3RQZ289 |
| 3,071,087 |
| 10.52% | |||||||||
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SUBTOTAL 8. A | 3,071,087 | 10.52% | |||||||||||
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B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) | |||||||||||||
Type of financial instrument | Expiration | Exercise/ | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights | |||||||||
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| SUBTOTAL 8. B 1 |
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B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) | |||||||||||||
Type of financial instrument | Expiration | Exercise/ | Physical or cash settlementxii | Number of voting rights | % of voting rights | ||||||||
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| SUBTOTAL 8.B.2 |
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9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") |
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Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii |
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Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) | X |
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Namexv | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold |
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Alexander Morgulchik | 10.52% |
| 10.52% |
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MacMillan Trading Company Limited | 23.36% of which Alexander Morgulchik is interested in 10.52% |
| 10.52% |
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10. In case of proxy voting, please identify: |
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Name of the proxy holder |
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The number and % of voting rights held |
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The date until which the voting rights will be held |
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11. Additional informationxvi |
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Place of completion | Moscow, Russia |
Date of completion | 15/10/2020 |
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i | ||||||
| ||||||
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: | TMT Investments PLC | |||||
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
Non-UK issuer | X | |||||
2. Reason for the notification (please mark the appropriate box or boxes with an "X") | ||||||
An acquisition or disposal of voting rights | X | |||||
An acquisition or disposal of financial instruments |
| |||||
An event changing the breakdown of voting rights |
| |||||
Other (please specify)iii: |
| |||||
3. Details of person subject to the notification obligationiv | ||||||
Name | German Kaplun | |||||
City and country of registered office (if applicable) |
| |||||
4. Full name of shareholder(s) (if different from 3.)v | ||||||
Name | MacMillan Trading Company Limited | |||||
City and country of registered office (if applicable) | Road Town, Tortola, BVI | |||||
5. Date on which the threshold was crossed or reachedvi: | 14/10/2020 | |||||
6. Date on which issuer notified (DD/MM/YYYY): | 15/10/2020 | |||||
7. Total positions of person(s) subject to the notification obligation | ||||||
| % of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments | Total of both in % (8.A + 8.B) | Total number of voting rights of issuervii | ||
Resulting situation on the date on which threshold was crossed or reached | 27.01% |
|
| 29,185,831 | ||
Position of previous notification (if applicable) | 18.33% |
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|
| ||
8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii |
| |||||||||||||
A: Voting rights attached to shares |
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Class/type of ISIN code (if possible) | Number of voting rightsix | % of voting rights |
| |||||||||||
Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) |
| ||||||||||
JE00B3RQZ289 |
| 7,882,664 |
| 27.01% |
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SUBTOTAL 8. A | 7,882,664 | 27.01% |
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B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) |
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Type of financial instrument | Expiration | Exercise/ | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights |
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| SUBTOTAL 8. B 1 |
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B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) |
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Type of financial instrument | Expiration | Exercise/ | Physical or cash settlementxii | Number of voting rights | % of voting rights |
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| SUBTOTAL 8.B.2 |
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9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") | ||||||||||||||
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii |
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Full chain of controlled undertakings through which the voting rights and/or the | X | |||||||||||||
Namexv | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold | |||||||||||
German Kaplun | 27.01% |
| 27.01% | |||||||||||
Ramify Consulting Corp. | 18.33% |
| 18.33% | |||||||||||
MacMillan Trading Company Limited | 23.36 % of which German Kaplun is interested in 8.68% |
| 8.68% | |||||||||||
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10. In case of proxy voting, please identify: | ||||||||||||||
Name of the proxy holder |
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The number and % of voting rights held |
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The date until which the voting rights will be held |
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11. Additional informationxvi | ||||||||||||||
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Place of completion | Belek, Turkey |
Date of completion | 15/10/2020 |
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i | ||||||
| ||||||
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: | TMT Investments PLC | |||||
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
Non-UK issuer | X | |||||
2. Reason for the notification (please mark the appropriate box or boxes with an "X") | ||||||
An acquisition or disposal of voting rights | X | |||||
An acquisition or disposal of financial instruments |
| |||||
An event changing the breakdown of voting rights |
| |||||
Other (please specify)iii: |
| |||||
3. Details of person subject to the notification obligationiv | ||||||
Name | Artemii Iniutin | |||||
City and country of registered office (if applicable) |
| |||||
4. Full name of shareholder(s) (if different from 3.)v | ||||||
Name | MacMillan Trading Company Limited | |||||
City and country of registered office (if applicable) | Road Town, Tortola, BVI | |||||
5. Date on which the threshold was crossed or reachedvi: | 14/10/2020 | |||||
6. Date on which issuer notified (DD/MM/YYYY): | 15/10/2020 | |||||
7. Total positions of person(s) subject to the notification obligation | ||||||
| % of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments | Total of both in % (8.A + 8.B) | Total number of voting rights of issuervii | ||
Resulting situation on the date on which threshold was crossed or reached | 7.22% |
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| 29,185,831 | ||
Position of previous notification (if applicable) | 4.91% |
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8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii | ||||||||||||||
A: Voting rights attached to shares | ||||||||||||||
Class/type of ISIN code (if possible) | Number of voting rightsix | % of voting rights | ||||||||||||
Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | |||||||||||
JE00B3RQZ289 | 241,939 | 1,866,107 | 0.83% | 6.39% | ||||||||||
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SUBTOTAL 8. A | 2,108,046 | 7.22% | ||||||||||||
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B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) | ||||||||||||||
Type of financial instrument | Expiration | Exercise/ | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights | ||||||||||
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| SUBTOTAL 8. B 1 |
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B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) | ||||||||||||||
Type of financial instrument | Expiration | Exercise/ | Physical or cash settlementxii | Number of voting rights | % of voting rights | |||||||||
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| SUBTOTAL 8.B.2 |
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9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") |
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Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii |
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Full chain of controlled undertakings through which the voting rights and/or the | X |
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Namexv | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold |
| ||||||||||
Artemii Iniutin | 7.22% |
| 7.22% |
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Merit Systems Inc. | 4.08% |
| 4.08% |
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MacMillan Trading Company Limited | 23.36% of which Artemii Iniutin is interested in 2.31% |
| 2.31% |
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10. In case of proxy voting, please identify: |
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Name of the proxy holder |
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The number and % of voting rights held |
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The date until which the voting rights will be held |
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11. Additional informationxvi |
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Place of completion | Moscow, Russian Federation |
Date of completion | 15/10/2020 |
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Alexander Morgulchik | |||
2 | Reason for the notification | ||||
a) | Position/status | PDMR (Head of Business Development) | |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | TMT Investments PLC (the "Issuer") | |||
b) | LEI | 213800UGZLGI4R6YW964 | |||
4 | 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 | ||||
a) | Description of the financial instrument, type of instrument | Ordinary shares of no par value each | |||
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Identification code | JE00B3RQZ289 | ||||
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b) | Nature of the transaction | Indirect acquisition of ordinary shares in the Issuer through transfer of shares in MacMillan Trading Company Limited (the registered shareholder of ordinary shares in the Issuer) for nil consideration | |||
c) | Price(s) and volume(s) | | |||
| | Price(s) | Volume(s) | | |
| | N/A | 3,071,087 | | |
| | | | | |
d) | Aggregated information | | |||
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- Aggregated volume | Acquisition of 3,071,087 ordinary shares | ||||
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- Price | Nil consideration | ||||
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e) | Date of the transaction | 14 October 2020 | |||
f) | Place of the transaction | Outside of a trading venue |
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | German Kaplun | |||
2 | Reason for the notification | ||||
a) | Position/status | PDMR (Head of Strategy) | |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | TMT Investments PLC (the "Issuer") | |||
b) | LEI | 213800UGZLGI4R6YW964 | |||
4 | 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 | ||||
a) | Description of the financial instrument, type of instrument | Ordinary shares of no par value each | |||
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Identification code | JE00B3RQZ289 | ||||
| | ||||
b) | Nature of the transaction | Indirect acquisition of ordinary shares in the Issuer through transfer of shares in MacMillan Trading Company Limited (the registered shareholder of ordinary shares in the Issuer) for nil consideration | |||
c) | Price(s) and volume(s) | | |||
| | Price(s) | Volume(s) | | |
| | N/A | 2,533,684 | | |
| | | | | |
d) | Aggregated information | | |||
| | ||||
- Aggregated volume | Acquisition of 2,533,684 ordinary shares | ||||
| | ||||
- Price | Nil consideration | ||||
| | ||||
e) | Date of the transaction | 14 October 2020 | |||
f) | Place of the transaction | Outside of a trading venue |
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Artemii Iniutin | |||
2 | Reason for the notification | ||||
a) | Position/status | PDMR (Head of Investments) | |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | TMT Investments PLC (the "Issuer") | |||
b) | LEI | 213800UGZLGI4R6YW964 | |||
4 | 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 | ||||
a) | Description of the financial instrument, type of instrument | Ordinary shares of no par value each | |||
| | ||||
Identification code | JE00B3RQZ289 | ||||
| | ||||
b) | Nature of the transaction | Indirect acquisition of ordinary shares in the Issuer through transfer of shares in MacMillan Trading Company Limited (the registered shareholder of ordinary shares in the Issuer) for nil consideration | |||
c) | Price(s) and volume(s) | | |||
| | Price(s) | Volume(s) | | |
| | N/A | 674,889 | | |
| | | | | |
d) | Aggregated information | | |||
| | ||||
- Aggregated volume | Acquisition of 674,889 ordinary shares | ||||
| | ||||
- Price | Nil consideration | ||||
| | ||||
e) | Date of the transaction | 14 October 2020 | |||
f) | Place of the transaction | Outside of a trading venue |
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