PTV Peertv

TIDMPTV

RNS Number : 1462A

PeerTV PLC

26 January 2011

26 January 2011

PEERTV PLC ("PeerTV" or "Company")

Issue of share capital

PeerTV (AIM:PTV), the newly AIM quoted provider of technology solutions for the OTT (TV over the internet) announces it has authorised today the issue and allotment of a further 888,444 Ordinary shares of 0.5p each ("Shares") in the capital of the Company.

In the Admission Document dated 30 December 2010, it was reported that the Company anticipated issuing a further 928,168 Shares in respect of additional shares to be issued to CSS Alpha Fund Limited, Libertas and a number of private investors.

The allotment of Shares to private investors was at that time expected to total 499,198 Ordinary shares. The final actual total is 459,444 Shares at 45p per share, the difference of 39,724 shares stemming from subscriptions in which the subscribers failed to submit the funds.

There are two further allotments of Shares at par of 104,000 Shares to CSS Alpha Fund Limited and 325,000 Shares to Libertas Capital Corporate Finance Limited as reported in the Admission Document.

Application has been made for 888,444 new Shares to be admitted to trading on AIM. It is expected that dealings in the new Ordinary shares will commence on 1 February 2011.

Following the allotments of Shares described above, the issued share capital of the Company will be increased from 14,503,007 Shares to 15 391,451 Shares.

ENDS

For further information:

PeerTV plc

Ronnie Jaegermann - Chief Executive Officer Tel: + 972 (0)9740 7315

Libertas Capital Corporate Finance Limited

Thilo Hoffmann/Andrew McLennan Tel: + 44 (0)20 7569 9650

Rivington Street Corporate Finance Limited

Jon Levinson Tel: + 44 (0)20 7562 3357

This information is provided by RNS

The company news service from the London Stock Exchange

END

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