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Issue of Equity

24th Oct 2013 15:27

RNS Number : 3516R
PeerTV PLC
24 October 2013
 

 

24th October 2013

 

PeerTV PLC

 

("PeerTV" or "the Company")

 

Issue of equity

 

PeerTV (AIM:PTV), a provider of technology solutions for the OTT (TV over the internet) market and PCB (printed circuit board) production solutions, announces the issue of 4,749,130 new ordinary shares.

 

521,429 of these new ordinary shares were issued pursuant to a further closing of the placing announced on 16 June 2013. The new ordinary shares issued pursuant to the placing were placed at a price of 3.5 pence per share. Each investor receives an equal number of five year warrants to purchase ordinary shares at 4.0 pence per share. The shares and attached warrants were placed with private investors. This brings the gross amount received by the company under the placing to £1,007,400.

 

2,000,000 new ordinary shares were issued in part settlement of a loan due by the company's subsidiary Digitek Holdings Limited and a further 2,276,691 new ordinary shares were issued in payment for outstanding fees.

 

Application has been be made for the 4,749,130 shares, which rank pari passu with the existing ordinary shares in issue, to be admitted to trading on AIM and admission to trading is expected on or after 29 October 2013.

 

For further enquiries:

 

PeerTV PLC

Eitan Yanuv, Chairman

+972 974 07315

Libertas Capital Corporate Finance

Thilo Hoffmann/Sandy Jamieson

+44 (0)203 6979499

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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