- Jersey-incorporated TMT Investments plc began its first day of trading on AIM following a $20m placing.

TMT had no trading business on admission but said it planned to make at least three investments within the first 18 months.

The company was formed to invest in the technology, media and telecoms sector. It said it will mainly target companies operating in markets with strong growth potential and having the potential to become multinational businesses.

Although it can invest in any region of the world, TMT said its directors and consultants have expertise in emerging markets, in particular Russia and the CIS.

The shares were trading at 1.02p.

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