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Issue of Equity

2nd Sep 2015 17:25

RNS Number : 9116X
PeerTV PLC
02 September 2015
 

2 September 2015

 

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 it has issued new Ordinary Shares as follows:

a) 132,000,000 Ordinary shares at a price of 0.05 pence per share to CSS Alpha (BVI) Limited equivalent to £66,000 being part repayment of a revolving financing facility the balance on which prior to the issue of these shares is £163,800.

b) 50,000,000 Ordinary shares at a price of 0.05 pence per share to Ran Zamir being part repayment of a loan advanced in 2014 to Digitek SMT Assemblies Ltd.

In aggregate, 182,000,000 Ordinary shares have been issued. Application has been made for the New Shares to be admitted to trading on AIM and admission is expected to occur at 8:00am on 8 September 2015 ("Admission").

Following Admission, the Company will have in issue 1,013,178,541 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 1,013,178,541. 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

 

ZAI Corporate Finance Limited

Tim Cofman / Richard Morrison

Tel: +44 20 7060 2220

 

Daniel Stewart & Company plc

David Coffman

Tel: +44 207 7766550

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