We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Tmt Investments Plc | LSE:TMT | London | Ordinary Share | JE00B3RQZ289 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.07 | -1.87% | 3.68 | 3.62 | 3.74 | 698 | 16:35:05 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Security Brokers & Dealers | -79.75M | -81.39M | -2.5879 | -1.45 | 117.94M |
TIDMTMT
TMT Investments PLC
25 May 2017
25 May 2017
TMT INVESTMENTS PLC
("TMT" or the "Company")
Revaluation of investment in PandaDoc, Inc.
TMT Investments PLC, the venture capital company which invests in high-growth, technology companies across a number of core specialist sectors, is pleased to announce that its portfolio company PandaDoc, Inc. ("PandaDoc") has completed a US$15 million Series B equity financing round, led by Rembrandt Venture Partners, with participation from Microsoft Ventures, HubSpot, EBRD (via the EBRD Venture Capital Investment Programme), and Altos Ventures.
The transaction represents a revaluation uplift of US$740,262 (or 150%) in the fair value of TMT's investment in PandaDoc, compared to the previous reported amount as of 31 December 2016, and is equivalent to approximately 2.7 cents in additional net asset value per TMT share.
Alexander Selegenev, Executive Director of TMT, commented: "We are delighted with this positive revaluation of our investment in PandaDoc. As announced in our 2016 Annual Report, this is the first one of a number of positive revaluations we said we were expecting in 2017. With the growth rates PandaDoc has experienced since its previous financing round two years ago, it was just a matter of time before that success would be reflected in its valuation. It also provides yet another example of the revaluation lag attributable to many of our successful fast-growing portfolio companies."
About PandaDoc
PandaDoc helps organisations close more deals with automated proposals, contracts, quotes, and other business documents. Features include eSignatures, CRM integrations, data merge, building, editing, executing, tracking documents, and more. PandaDoc was founded in 2013 and is based in San Francisco, California. Learn more at www.pandadoc.com.
For further information contact:
TMT Investments plc +44 1534 281 843 Alexander Selegenev alexander.selegenev@tmtinvestments.com Executive Director www.tmtinvestments.com Hybridan LLP Broker Claire Louise Noyce +44 20 3764 2341 Kinlan Communications Tel. +44 20 7638 3435 David Hothersall davidh@kinlan.net
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 net assets of US$53m and has invested in over 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
NRAPGUPPAUPMUBA
(END) Dow Jones Newswires
May 25, 2017 05:23 ET (09:23 GMT)
1 Year Tmt Investments Chart |
1 Month Tmt Investments Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
