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LONDON - TMT Investments PLC (AIM: TMT.L), a venture capital firm specializing in high-growth technology companies, disclosed today that Alexander Morgulchik, Head of Business Development, has purchased 56,500 ordinary shares in the company. The acquisition, which took place outside of a trading venue, was at a price of $2.75 per share, amounting to a total investment of $155,375.
With this latest transaction, Mr. Morgulchik’s total beneficial interest in TMT Investments has increased to approximately 10.76% of the company’s issued share capital, representing 3,383,202 ordinary shares.
TMT Investments, founded in 2010, has built a portfolio comprising over 50 companies and had reported net assets of $208 million as of June 30, 2024. The company’s primary focus is on generating returns through capital appreciation and is publicly traded on the AIM market of the London Stock Exchange (LON:LSEG).
The purchase by a senior executive is often seen as a sign of confidence in the company’s future prospects. However, such transactions are also subject to regulatory reporting requirements under the EU Market Abuse Regulation, which TMT Investments has complied with in its announcement.
This information is based on a press release statement from TMT Investments PLC.
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