22 April 2021
TMT INVESTMENTS PLC
("TMT" or the "Company")
PDMR Shareholdings
TMT Investments Plc (AIM: TMT.L), the venture capital company investing in high-growth technology companies, announces that it was notified today that, on 21 April 2021, Artemii Iniutin, TMT's Head of Investments, acquired from German Kaplun, TMT's Head of Strategy, an indirect interest of approximately 1.84% of the issued ordinary shares of no par value each in the Company ("Ordinary Shares") at a price of US$9.13 per Ordinary Share (the "Acquisition").
The Acquisition results from the sale by Mr. Kaplun to Mr. Iniutin of 7.88% of the issued share capital of MacMillan Trading Company Limited which holds an interest of 23.36% in the issued share capital of TMT.
As a result of the Acquisition, and following the settlement of the previous acquisitions by Mr. Iniutin of 863,647 Ordinary Shares announced on 6 April 2021 (expected to settle in the coming weeks) (the "Previous Acquisitions"), Mr. Iniutin will be interested in, in aggregate, 3,509,096 Ordinary Shares, representing approximately 12.02% of the Company's issued ordinary share capital.
Accordingly, as a result of the Acquisition, Mr. Kaplun becomes interested in, in aggregate, 6,724,857 Ordinary Shares, representing approximately 23.04% of the Company's issued share capital.
Following the Acquisition and settlement of the Previous Acquisitions, the 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, will change as follows (based on the latest information available to the Company and assuming no other changes in the shareholdings of the members of the concert party will take place before the settlement of the Previous Acquisitions):
| Shareholder (legal holder) | Beneficial holder (if different to legal holder) | No. of Ordinary Shares | % of issued share capital |
| Macmillan Trading Company Limited | Alexander Morgulchik 45.05%, German Kaplun 29.28%, Artemii Iniutin 17.78%, Nelli Morgulchik 7.88% | 6,817,063 | 23.36% |
| Ramify Consulting Corp. ("Ramify") | German Kaplun | 4,728,576 | 16.20% |
| 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 | 2,054,865 | 7.04% |
| 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 | | 23,886,755 | 81.84% |
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.
As a result of the Acquisition and upon settlement of the Previous Acquisitions, the total direct and indirect interest in TMT by the concert party's beneficial holders will be as follows (assuming than no other changes in shareholdings of the members of the concert party will take place before the settlement of the Previous Acquisitions):
| Beneficial holder | No. of Ordinary Shares | % of issued share capital |
| German Kaplun | 6,724,857 | 23.04% |
| Andrey Kareev | 5,000,000 | 17.13% |
| Alexander Morgulchik | 3,071,087 | 10.52% |
| Artemii Iniutin | 3,509,096 | 12.02% |
| 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 | 23,886,755 | 81.84% |
The relevant shareholders' individual notification forms are copied below.
For further information contact:
| TMT Investments Plc Alexander Selegenev Executive Director
| +44 (0)1534 281 800 (Computershare - Company Secretary)
alexander.selegenev@tmtinvestments.com
|
| Strand Hanson Limited (Nominated Adviser) James Bellman / James Dance
| +44 (0)20 7409 3494 |
| Cenkos Securities plc (Joint Broker) Russell Cook / Ben Jeynes
| +44 (0)20 7397 8900 |
| Hybridan LLP (Joint 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 65 companies to date and has net assets of US$178 million as of 31 December 2020. The Company's objective is to generate an attractive rate of return for shareholders, predominantly through capital appreciation. The Company is traded on the AIM market of the London Stock Exchange. www.tmtinvestments.com.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | German Kaplun | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | PDMR (Head of Strategy) | |||
| b) | Initial notification /Amendment | Initial notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | TMT Investments Plc | |||
| b) | LEI | 213800UGZLGI4R6YW964 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
| a) | Description of the financial instrument, type of instrument | Ordinary shares of no par value each | |||
| | | ||||
| Identification code | JE00B3RQZ289 | ||||
| | | ||||
| b) | Nature of the transaction | an indirect disposal of ordinary shares in the issuer through a disposal of shares in MacMillan Trading Company Limited (a registered shareholder of ordinary shares in the issuer) | |||
| c) | Price(s) and volume(s) | | |||
| | | Price(s) | Volume(s) | | |
| | | US$ 9.13 | 537,403 | | |
| | | | | | |
| d) | Aggregated information | | |||
| | | ||||
| - Aggregated volume | 537,403 ordinary shares | ||||
| | | ||||
| - Price | US$ 9.13 per share | ||||
| | | ||||
| e) | Date of the transaction | 21 April 2021 | |||
| 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 | |||
| 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 purchase of shares in MacMillan Trading Company Limited (the registered shareholder of ordinary shares in the issuer) | |||
| c) | Price(s) and volume(s) | | |||
| | | Price(s) | Volume(s) | | |
| | | US$ 9.13 | 537,403 | | |
| | | | | | |
| d) | Aggregated information | | |||
| | | ||||
| - Aggregated volume | 537,403 ordinary shares | ||||
| | | ||||
| - Price | US$ 9.13 per share | ||||
| | | ||||
| e) | Date of the transaction | 21 April 2021 | |||
| f) | Place of the transaction | Outside of a trading venue | |||
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.