11th Jun 2015 09:26
Peer TV plc
("Peer TV" or the "Company")
Holding in Company
The Company was notified on 10 June 2015 that Speech Modules Holdings Limited ("SML") had disposed of its entire holding in Peer TV. The shares were issued to SML following the execution of the second collaboration agreement between SML and Peer TV announced on 16 April 2015.
Under the agreement, a trustee for the holding and selling of the shares received shares in PeerTV to the value of £200,000. SML agreed that it would not sell shares having a market value of more than £50,000 per month.
The Company is making enquiries of SML as to whether this disposal was in breach of these undertakings.
Further enquiries:
PeerTV Plc
Eitan Yanuv, Chairman
Tel: +972 974 07315
ZAI Corporate Finance Limited
Tim Cofman / Richard Morrison
Tel: +44 20 7060 2220
Daniel Stewart & Company plc
David Coffman
Tel: +44 207 7766550
Related Shares:
PTV.L