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TMTA Tmt Acquisition Plc

22.50
0.00 (0.00%)
17 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tmt Acquisition Plc LSE:TMTA London Ordinary Share GB00BN7DKC44 ORD 4P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 22.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
21.00 24.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 22.50 GBX

Tmt Acquisition (TMTA) Latest News

Tmt Acquisition (TMTA) Discussions and Chat

Tmt Acquisition Forums and Chat

Date Time Title Posts
11/10/202317:57TMT Acquisition: Technology-Media-Telecom Shell 23

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Posted at 11/10/2023 17:57 by hedgehog 100
BELL has since moved up to 30p (29p - 31p), where it has closed, with TMTA still at 17p (16p - 18p).

So based on 15 BELL shares for every 22 TMTA shares, the current BELL bid price of 29p, equating to 19.77p TMTA, is about 10% higher than the TMTA offer price.

And it could be even more than 10% if you can get inside one or both prices.

And on the same basis, the current BELL offer price of 31p, equating to 21.14p TMTA, is over 17% higher than the TMTA offer price.

In summary:-

1. TMTA is potentially a significantly cheaper way into BELL than buying BELL directly.

2. Selling BELL to buy TMTA is a potentially attractive arbitrage play.
Posted at 11/10/2023 15:08 by hedgehog 100
The current BELL & TMTA mid s.p.s & spreads, with their equivalents based on 15 BELL shares for every 22 TMTA shares:-

BELL: 29p (28p – 30p): equates to 19.77p (19.09p – 20.45p) TMTA

TMTA: 17.0p (16p – 18p): equates to 24.93p (23.47p – 26.4p) BELL
Posted at 04/10/2023 11:38 by hedgehog 100
03/10/2023 13:30 UK Regulatory (RNS & others) TMT Acquisition PLC Statement re Possible Offer LSE:TMTA Tmt Acquisition Plc

Statement regarding possible offer for TMT Acquisition plc

The boards of TMT Acquisition plc ("TMT Acquisition") and Belluscura plc ("Belluscura") are pleased to announce that they have reached agreement on the key terms of a possible share for share offer for TMT Acquisition by Belluscura (the "Possible Offer").

The independent director of TMT Acquisition, Paul Tuson (the "Independent TMT Acquisition Director"), has confirmed to Belluscura that, should a firm offer be made on the Possible Offer Terms (as defined below), the Independent TMT Acquisition Director is minded to recommend it to TMT Acquisition shareholders, subject to the agreement by both Belluscura and TMT Acquisition of customary terms and conditions as well as the satisfactory completion of confirmatory due diligence by both Belluscura and TMT Acquisition.

Any announcement by Belluscura of a firm intention to make an offer for TMT Acquisition remains subject to the satisfaction or waiver (by Belluscura) of a number of customary pre-conditions, including, inter alia, completion of confirmatory due diligence, agreement of the detailed terms of the Possible Offer and a recommendation from the Independent TMT Acquisition Director.

Terms of the Possible Offer

The proposed terms of the Possible Offer comprise the issuance of 15 new ordinary shares of Belluscura ("Belluscura Shares") in exchange for every 22 ordinary shares of TMT Acquisition ("TMT Acquisition Shares") equalling 18,750,000 Belluscura Shares (the "Exchange Ratio"). The Exchange Ratio would imply a valuation of 21.82 pence for each TMT Acquisition Share and a 24.7% premium to the three month volume weighted average price for TMT Acquisition Shares calculated for the period ending on 2 October 2023, the last practicable date prior to the announcement of the Possible Offer (the "Possible Offer Terms").

Accordingly, on the basis of the Exchange Ratio, the Possible Offer will imply a total valuation of GBP6.0 million for TMT Acquisition.

A compelling combination which significantly increases Belluscura's ability to execute on its burgeoning sales pipeline and strategy, creating considerable value for all stakeholders of both TMT Acquisition and Belluscura

Given the introduction and significant pre-launch demand expressed for the DISCOV-R product, building on top of the continued sales progress of the X-PLOR (as outlined below), Belluscura is seeking further growth capital to fund the increased working capital required to meet these growth opportunities. The funds available within TMT Acquisition (approximately GBP4.7 million), will provide the enlarged group with additional working capital, to help meet the planned growth through to Belluscura becoming cash flow positive, which the board of Belluscura expect to be by the end of the second quarter of next year. Following completion, the Belluscura board will remain in place and the directors of the TMT Acquisition board will step down from their roles.

Subject to the confirmatory due diligence required by Belluscura's Nominated Adviser (as is normal for the proposed appointment of any director of an AIM company), and agreement of terms in respect of the Non-Executive Director appointment letters, it is Belluscura's intention to invite both Jonathan Satchell and Paul Tuson, currently Non-Executive Directors of TMT Acquisition, to join the existing Belluscura board as Non-Executive Directors upon the Possible Offer becoming or being declared wholly unconditional, as the board of Belluscura believe each would make a positive contribution to Belluscura's board given their experience and expertise. ...
Posted at 30/9/2023 21:00 by hedgehog 100
26/09/2023 07:00 UK Regulatory (RNS & others) TMT Acquisition PLC Directorate Change LSE:TMTA Tmt Acquisition Plc

TMT Acquisition (LSE: TMTA), the investment business established to pursue opportunities in the technology, media and telecom sector, is pleased to announce that Paul Tuson will join the Board of TMT Acquisition as a Non-Executive Director with immediate effect.

Paul qualified as a chartered accountant at KPMG, with over twenty years' post-qualification experience, he has served as Chief Financial Officer as well as Non-Executive Director on a number of AIM quoted companies in the media and technology industries. Over this period, he has led successful IPOs, fundraisings and venture capital exits.

Paul served as a Non-Executive Director of AIM quoted financial services company, Harwood Wealth Management Group plc, from March 2016 to April 2020 when it was acquired by Hurst Point Group, now Argentis Group Limited. He was Finance Director and then Chief Financial Officer of Proton Partners International Limited (now Rutherford Health plc), the group committed to providing innovative cancer care to patients and led its IPO on NEX Exchange (now Aquis Exchange) in February 2019. Paul resigned from the Board of Rutherford Health plc in August 2019.

Harry Hyman, Non-Executive Chairman of TMT Acquisition, commented: "It is a pleasure to welcome Paul to the Board of TMT Acquisition. Paul brings with him a wealth of experience from his time spent in both the public and private spheres; he will be a fantastic addition to the Board."

No further information is required to be disclosed pursuant to Listing Rule 9.6.13R.
Posted at 12/8/2023 11:56 by hedgehog 100
Hedgehog 100 9 Jan '23 - 15:22 - 13 of 18 Edit 0 0 0
"Bowen Fintech (BWN), a not dissimilar shell to TMTA, floated just over a couple of months ago, and highlights TMTA's value.
BWN raised £2M. gross in its float, at 4p/share, and its current share price is over 50% higher: 6.25p/share, market cap. £3.44M.
TMTA meanwhile has today recovered to its float price of 20p/share, but this is still a market cap. of just £5.5M., compared to its net cash of £4.75M. as at 30.9.22. ..."


BWN has since moved up to 11p, market cap. £6.05M., despite not issuing a RNS for over five months.

This further highlights TMTA's value.


Bowen Fintech (BWN):-
Posted at 14/7/2023 12:41 by hedgehog 100
14/07/2023 07:00 UK Regulatory (RNS & others) TMT Acquisition PLC Final Results LSE:TMTA Tmt Acquisition Plc

Results for the year ended 31 March 2023

TMT Acquisition, (LSE: TMTA), the investment business established to pursue opportunities in the technology, media and telecom sector, today announces its results for the year ended 31 March 2023.

Financial Highlights

-- Net cash and financial assets as at 31 March 2023 of GBP 4,749,604 (2022: net cash of GBP4,804,060)
-- Net assets as at 31 March 2023 of GBP4,717,188 (2022: GBP4,777,275)
-- Operating loss and loss before tax of GBP60,087 (2022: GBP101,532)
-- Basic and diluted loss per share of 0.22 pence (2022: 0.74 pence)

Harry Hyman, Chairman of TMT Acquisition, commented:

"We are proactively engaged with suitable targets and have identified at least one opportunity. We have been engaged with businesses within the TMT sector that are both disruptive digitally enabled media and technology businesses in the financial services and regulated sectors."

"When assessing these opportunities, we have been focused on attractive revenue growth and a clear pathway to high quality earnings."

... In addition, and as detailed in the prospectus at the time of listing, the range of characteristics for the target company, include:

-- Management's track record of creating shareholder value;
-- Management's deep industry knowledge and relationships;
-- Long term growth prospects and attractive competitive dynamics;
-- Leading market positions;
-- Quality of earning, including recurring/repeat revenue streams, operational leverage and ability to generate strong free cash flow; and
-- Key market criteria to include but not limited to opportunities for value accretive acquisitions to create end-to-end solutions; acceleration in growth from new products and services or new markets; and accelerating the execution of their go-to-market strategy.

On behalf of the Board, I would like to thank all our shareholders for their continued support. We have identified at least one acquisition opportunity and look forward to updating the market in due course. ...
Posted at 09/1/2023 15:22 by hedgehog 100
Bowen Fintech (BWN), a not dissimilar shell to TMTA, floated just over a couple of months ago, and highlights TMTA's value.

BWN raised £2M. gross in its float, at 4p/share, and its current share price is over 50% higher: 6.25p/share, market cap. £3.44M.

TMTA meanwhile has today recovered to its float price of 20p/share, but this is still a market cap. of just £5.5M., compared to its net cash of £4.75M. as at 30.9.22.


31/10/2022 07:00 UK Regulatory (RNS & others) Bowen Fintech PLC Admission to Trading and First Day of Dealings LSE:BWN Bowen Fintech Plc

"Bowen (LSE: BWN), a special purpose acquisition company formed to acquire businesses in the technology innovations market with a focus on the financial services sector, is pleased to announce the admission of its ordinary shares of nominal value 1p each (the "Ordinary Shares") to listing on the standard segment of the Official List of the Financial Conduct Authority and that trading in its Ordinary Shares will commence on the main market for listed securities of the London Stock Exchange at 8.00 a.m. today, under the ticker BWN ("Admission") and with the ISIN number GB00BMYX7295.

The Company has successfully raised gross proceeds of GBP2 million (before expenses) through a placing of new Ordinary Shares at a placing price of 4 pence per share. Following Admission, the Company will have 55,000,000 Ordinary Shares in issue. ..."




Bowen Fintech (BWN):-
Posted at 05/1/2023 15:18 by hedgehog 100
04/01/2023 08:46 UK Regulatory (RNS & others) TMT Acquisition PLC Director/PDMR Shareholding LSE:TMTA Tmt Acquisition Plc

"TMT Acquisition (LSE: TMTA), the investment business established to pursue opportunities in the technology, media and telecom sector, has been notified that on 3 January 2023 Harry Hyman, Jonathan Satchell and James Serjeant, each Non-Executive Directors and persons discharging managerial responsibilities (a "PDMR") of the Company, respectively purchased 40,000 ordinary shares of 4 pence each in the capital of the Company ("Ordinary Shares") at a price of 18.25 pence per Ordinary Share (the "Purchase"). Details of the Purchases and resultant shareholdings for each PDMR are set out below:

Director/PDMR Number of Number of Price per Number of Percentage
Ordinary Ordinary Ordinary Ordinary Shares of Ordinary
Shares currently Shares Purchased Share Purchased held following Shares held
held the Purchase following
the Purchase

Harry Hyman 1,225,000 40,000 18.25p 1,265,000 4.60%
------------------ ------------------ ----------------- ----------------- --------------
Jonathan Satchell 1,250,000 40,000 18.25p 1,290,000 4.69%
------------------ ------------------ ----------------- ----------------- --------------
James Serjeant 750,000 40,000 18.25p 790,000 2.87%"




So TMTA's 'three shellketeers' have all just significantly topped up their holdings ... nudging up the share price on Tuesday by 0.5p, to 19.5p (18 - 21p spread).


"Introducing your Directors.

The Board, collectively, has significant experience in establishing and growing businesses along with significant experience of managing public companies and risks associated with such ventures both operationally and financially."

"Harry Hyman
Non-Executive Chairman"

"James Serjeant
Non-Executive Director"

"Jonathan Satchell
Non-Executive Director"
Posted at 31/12/2022 15:15 by hedgehog 100
A good end to the trading year yesterday for TMTA, closing up 1.5p at 19p, it's highest share price since the spring.

And it looks like nearly £19K. was invested, in just two trades.

Though interestingly, the share price wasn't marked up until sometime later in the day, rising at and shortly after noon, shortly before the market closed early at 12.30p.m.


Share Price: 19.00 Bid: 18.00 Ask: 20.00 Change: 1.50 (8.57%)

Recent Share Trades for Tmt Acqu (TMTA)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
30-Dec-22 08:19:13 18.00 75,000 Unknown* 16.00 19.00 13.50k O
30-Dec-22 08:53:26 18.00 30,000 Buy* 16.00 19.00 5,400 O
Posted at 22/7/2022 17:30 by hedgehog 100
Current share price 22nd. July 2022: 18p
27,500,000 shares in issue
Market capitalisation: £4.95M.


"TMT Acquisition was incorporated in March 2021. The Company has been formed to pursue opportunities to acquire businesses in the technology, media and telecom sector (“TMT sector”)."




11/10/2021 08:01 UK Regulatory (RNS & others) TMT Acquisition PLC Admission and First Day of Dealings LSE:TMTA Tmt Acquisition Plc

"Admission to listing on the Official List and to trading on the London Stock Exchange

Director/PDMR Shareholding

TMT Acquisition (LSE: TMTA), is pleased to announce that its entire issued share capital of 27,500,000 Ordinary Shares has today been admitted to listing on the standard segment of the Official List of the Financial Conduct Authority and to trading on the main market for listed securities of London Stock Exchange plc under the TIDM "TMTA".

The Company will pursue opportunities to acquire businesses in the technology, media and telecom sector ("TMT sector"). The Company intends to consider opportunities within the TMT sector focusing on disruptive digitally enabled media and technology businesses with an initial focus in the financial services and other regulated sectors. TMT Acquisition will consider making an acquisition of the following types of businesses:

- Platform and marketplace businesses;
- Tech-enabled disruptive businesses;
- E-Commerce businesses; and
- On-line B2B and enterprise solutions businesses.

Prior to Admission, the Company had in issue 2,500,000 Ordinary Shares and at Admission issued a further 25,000,000 Ordinary Shares at a placing price of 20p per Ordinary Share, raising gross proceeds of GBP5 million.

Following Admission, the total number of Ordinary Shares in issue will be 27,500,000 and this number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

TMT Acquisition is a public limited company incorporated in England and Wales with company number 13292061. The Ordinary Shares are registered with ISIN GB00BN7DKC44, SEDOL code BN7DKC4, TIDM "TMTA" and LEI 213800HAYJPSLB1TUK56.

Capitalised terms used in this announcement are as defined in the Prospectus published by the Company on 6 October 2021, unless the context otherwise requires.

- Ends -

For further information please contact:

TMT Acquisition plc via Vox Markets
Harry Hyman
Dowgate Capital Limited - Financial
Adviser and Broker
David Poutney / Nicholas Chambers +44 (0)20 3903 7715
Vox Markets - Investor Relations TMTAcquisition@voxmarkets.co.uk
Kat Perez
Tmt Acquisition share price data is direct from the London Stock Exchange

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