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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.62 | 3.52 | 3.60 | 4,256 | 11:04:26 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Security Brokers & Dealers | -79.75M | -81.39M | -2.5879 | -1.40 | 113.85M |
TIDMTMT
RNS Number : 1044J
TMT Investments PLC
30 November 2018
30 November 2018
TMT INVESTMENTS PLC
("TMT" or the "Company")
Portfolio company update
TMT Investments PLC (AIM: TMT.L), the venture capital company investing in high-growth technology companies across a number of core specialist sectors, is pleased to announce that on 29 November 2018, its portfolio company Wrike (www.wrike.com), the collaborative work management platform for high-performance teams, announced that it had signed a definitive agreement to receive a majority investment from Vista Equity Partners, a leading investment firm focused on software, data and technology-enabled businesses.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
About Wrike
Wrike is the collaborative work management platform for market leaders. The Wrike platform brings out the best in teams by giving them a single digital workplace with all the tools, features, and integrations they need to do transformative work. It connects the C-suite to front line work with business intelligence and insights, enabling operational excellence. Founded in 2006 and headquartered in Silicon Valley, Wrike is the partner of choice for 18,000 organizations, including Google, Tiffany and Company, and Edelman, and nearly two million users across 130 countries. For more information: www.wrike.com.
About Vista Equity Partners
Vista Equity Partners is a U.S.-based investment firm with offices in Austin, Chicago, New York City, Oakland, and San Francisco with more than $44 billion in cumulative capital commitments. Vista exclusively invests in software, data and technology-enabled organizations led by world-class management teams. As a value-added investor with a long-term perspective, Vista contributes professional expertise and multi-level support towards companies to realize their full potential. Vista's investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity. For more information, please visit www.vistaequitypartners.com.
For further information contact:
TMT Investments PLC +44 (0)1534 281 800 Alexander Selegenev (Computershare - Company Secretary) Executive Director https://tmtinvestments.com alexander.selegenev@tmtinvestments.com Strand Hanson Limited (Nominated Adviser) Richard Tulloch James Dance Eric Allan +44 (0)20 7409 3494 Hybridan LLP (Broker) Claire Louise Noyce +44 20 3764 2341 Kinlan Communications +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 invested in over 40 companies to date and has latest announced net assets of US$82m. 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. https://tmtinvestments.com
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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(END) Dow Jones Newswires
November 30, 2018 09:52 ET (14:52 GMT)
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