PTV Peertv

TIDMPTV

RNS Number : 0357W

PeerTV PLC

23 January 2012

23 January 2012

PeerTV PLC

("PeerTV" or "the Company")

First closing of GBP350,000 placing

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 first closing of a placing of additional shares.

The Company has raised GBP350,000 (before expenses) through a placing of 2,333,333 new ordinary shares placed at a price of 15 pence per share, each with one three year warrant to purchase an ordinary share at 15 pence per share attached. The shares and attached warrants were placed with private investors. A first closing of GBP150,000 has been effected and a final closing is expected within 30 days. The Company issued 1,000,000 new ordinary shares and matching warrants and will apply for the shares to be admitted to trading on AIM. Admission of the shares to trading on AIM is expected on 27 January 2012.

The Company is also issuing 354,610 new ordinary shares in lieu of interest payable on certain outstanding loans.

Following the issue of the 1,354,610 new ordinary shares, the total number of ordinary shares in issue is 44,779,130.

The above figure of 44,779,130 ordinary shares 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 under the Financial Service Authority's Disclosure and Transparency Rules.

Chairman of PeerTV Plc, Leon Nahon, comments:

"We are delighted to have raised further funds to improve our working capital, pending release of our Android product."

Further enquiries:

PeerTV Plc

Leon Nahon, Chairman +972 974 07315

Libertas Capital Corporate Finance Limited

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

Rivington Street Corporate Finance

Jon Levinson/Eran Zucker +44 (0) 20 7562 3384

Bishopsgate Communications

Deepali Schneider/Natalie Quinn +44 (0) 20 7562 3350

peertv@bishopsgatecommunications.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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