Schedule 1 update - PeerTV Plc

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

PeerTV PLC

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

Registered Office

Thames House

Portsmouth Road

Esher

Surrey KT10 9AD

Principal Office

6 Ravnizki Street

Petach Tikva 49271

Israel

COUNTRY OF INCORPORATION:

UK

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

www.peertv.com

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

Admission is sought as a result of a reverse takeover. As part of the proposed transaction, PeerTV is taking over Digitek Holdings an electronic components assembly specialist also based in Israel. Digitek will enhance PeerTVs ability to procure and manage the manufacture of set top boxes thereby controlling both cost and quality more effectively.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

Up to 56,178,901 Ordinary shares of 0.5 pence each

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

£2.38m at 30pence/share

Anticipated market cap: up to £16.9 million at 30pence per share

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

Up to 12.4%

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:

n/a

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

Leon R Nahon (Non-ExecutiveDirector and Chairman of the Board)

Ofer Barda (Chief Executive Director)

Eatamar Drory (Chief Technology Officer)

Chaim Bechor (VP production and product marketing)

Ossie Weitzman (Chief Financial Officer) proposed upon admission

Shmuel Zailer (Non-Executive Director)

James "Jim" McGeever (Non-Executive Director)

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

None

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i) 31 December

(ii) 31 December 2010

(iii) 30 September 2011, 30 June 2012, 30 September 2012

EXPECTED ADMISSION DATE:

29 September 2011

NAME AND ADDRESS OF NOMINATED ADVISER:

Libertas Capital Corporate Finance Ltd.

16 Berkeley Street

W1J 8DZ

NAME AND ADDRESS OF BROKER:

Libertas Capital Corporate Finance Ltd.

16 Berkeley Street

W1J 8DZ

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

An Admission Document containing full details about the applicant and the admission of its securities is available at www.peertv.com

DATE OF NOTIFICATION:

23 September 2011

NEW/ UPDATE:

update