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Issue of Equity

3rd Aug 2015 09:55

RNS Number : 8612U
PeerTV PLC
03 August 2015
 



3 August 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) 64,102,564 Ordinary shares at a price of 0.078 pence per share to YA Global SPV Limited being a further drawdown of £50,000 under the Standby Equity Distribution Agreement announced on 30th July 2014.

b) 87,500,000 Ordinary shares at a price of 0.08 pence per share to CSS Alpha (BVI) Limited equivalent to £70,000 being part repayment of a revolving financing facility the balance on which prior to the issue of these shares is £138,202.

In aggregate, 151,602,564 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 7 August 2015 ("Admission").

Following Admission, the Company will have in issue 761,076,794 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 761,076,794. 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

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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