Request to capitalize interest payments (5872F)
18 Junho 2012 - 10:00AM
UK Regulatory
TIDMPTV
RNS Number : 5872F
PeerTV PLC
18 June 2012
18 June 2012
PeerTV PLC
("PeerTV" or "the Company")
Trading Update
Request to defer interest payment
PeerTV (AIM:PTV), a provider of technology solutions for the OTT
(TV over the internet), announces that it is requesting that note
holders of the Peer TV Plc 8% Loan Notes due 31 December 2014 agree
to accrue the interest payments due in June 2012 and in December
2012 to the principal. In consideration for this the Company will
issue to each note holder a five year warrant equal to 50% of the
interest to be accrued, to purchase ordinary shares at a price of
7.5 pence per share. The request is subject to approval at a
meeting by loan note holders. The meeting has been called for 27
June 2012. PeerTV will update the market as to the outcome of the
meeting.
The Company has decided to take this step to manage cash
resources following the slower than anticipated sales of its
legacy, pre-Android, set top boxes that was announced on 8 June
2012.
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
Nick Rome/Sam Allen +44 (0) 20 7562 3350
peertv@bishopsgatecommunications.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTEAFKPFLLAEFF
Peertv (LSE:PTV)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Peertv (LSE:PTV)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024
Notícias em tempo-real sobre Peertv da Bolsa de Valores de Londres bolsa de valores: 0 artigos recentes
Mais Notícias de Peertv