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Special dividend from TMT

  • By Andrew Sullivan
  • News

TMT Investments, the AIM-listed venture capital company investing in high­growth technology companies across a number of core specialist sectors, has announced a special dividend.


 

TMT Investments was admitted to the AIM market in December 2010 and offers investors a quasi-unique listed route to access early stage tech companies. It has made over 45 investments to date since admission, including a significant number in Silicon Valley.

Following the Company’s recent significantly profitable cash exit from Wrike, Inc., the Company’s Board of Directors has resolved to declare a special dividend to the holders of the Company’s ordinary shares for a total amount of US$5,837,166, or US$0.20 per ordinary share.

TMT 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.

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