The venture capital company investing in high-growth technology companies has declared a special dividend of $0.2 per share “following the Company's recent significantly profitable cash exit from Wrike, Inc.” This will still leave TMT with ample headroom to deploy further investment capital in exciting high growth companies. As at 26 June 2019 cash balances stood at c.$22.2m. The dividend represents a cash return of 5.6% over the current share price. This is the second special div
11 Jul 2019
TMT to return $5.8m to shareholders following earlier bumper $22.6m disposal of Wrike holding.
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TMT to return $5.8m to shareholders following earlier bumper $22.6m disposal of Wrike holding.
TMT Investments PLC (TMT:LON) | 368 -25.8 (-1.9%) | Mkt Cap: 115.7m
- Published:
11 Jul 2019 -
Author:
Derren Nathan -
Pages:
7
The venture capital company investing in high-growth technology companies has declared a special dividend of $0.2 per share “following the Company's recent significantly profitable cash exit from Wrike, Inc.” This will still leave TMT with ample headroom to deploy further investment capital in exciting high growth companies. As at 26 June 2019 cash balances stood at c.$22.2m. The dividend represents a cash return of 5.6% over the current share price. This is the second special div