13th Jun 2014 07:00
13 June 2014
PeerTV PLC
("PeerTV" or the "Company")
Issue of Equity
PeerTV plc (AIM:PTV), a provider of technology solutions for the OTT (TV over the internet) market, and PCB (printed circuit board) production solutions announces that further to the placing announcement on 29 May 2014 (the "Placing") the Company has now received a further £40,000 taking the total amount received pursuant to the Placing to £254,000. Following receipt of the £40,000, the Company has issued and allotted 4,000,000 new ordinary shares of 0.5 pence each ("Ordinary Shares") at a price of 1 penny per new Ordinary Share ("Placing Shares").
Consideration for the remaining £12,300 to be received under the Placing is expected to be remitted to the Company by 30 June 2014 with the resulting 1,230,000 new Ordinary Shares issued and allotted to investors once the funds are received.
Application has been made for the Placing Shares to be admitted to trading on AIM and admission is expected to occur at 8:00am on 19 June 2014 ("Admission").
Following Admission, the Company will have in issue 217,676,791 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. Therefore the total number of Ordinary Shares with voting rights in the Company will be 217,676,791. This figure may be used by Shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company.
Further enquiries:
PeerTV Plc
Eitan Yanuv, Chairman
Tel: +972 974 07315
Daniel Stewart & Company
Antony Legge / David Coffman
Tel: +44 (0)20 7776 6550
Related Shares:
PTV.L