PeerTV PLC Issue of Equity (9512O)
18 Outubro 2012 - 3:01AM
UK Regulatory
TIDMPTV
RNS Number : 9512O
PeerTV PLC
18 October 2012
18 October 2012
PeerTV PLC
("PeerTV" or "the Company")
Placing and 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 a successful placing an the issue
of new ordinary shares.
Placing
The Company has raised GBP663,500 (before expenses), GBP505,800
(net of expenses) through a placing of 8,042,424 new ordinary
shares placed at a price of 8.25 pence per share. Each investors
also receives a number of three year warrants to purchase ordinary
shares at 9.25 pence per share equivalent to their investment
divided by the warrant exercise price of 9.25 pence. The shares and
attached warrants were placed with private investors. The placing
remains open and up to a further 1,048,485 shares may be issued
under the placing.
Issue of Equity
In total the Company issued 12,142,842 new ordinary
shares,following the above mentioned placing for cash, a second
closing of the placing announced in January, the late acceptances
of Digitek shares, the conversion of certain outstanding
liabilities into equity and certain contractual obligations to
issue shares in lieu of interest payments.
Of the 12,142,842 shares, 8,042,424 were issued following a
first closing of a current placing and 1,691,666 were issued
following a second closing of the fundraising announced on 23
January 2012.
A further 704,556 shares were issued to Israeli shareholders of
Digitek, PeerTV's PCB manufacturing subsidiary, who had accepted
the offer.
Advisers who converted outstanding fees were issued 758,474
shares.
Lastly, 945,722 shares were issued to Loan Note Holders in lieu
of interest payments and restructuring fees accrued during the
first 9 months of 2012.
Save for the 8,042,424 shares issued under the current placing,
all other obligations or commitments to issue shares accrued under
the authorities granted to directors at the last shareholder
meeting in 2011.
Application will be made for the 12,142,842 shares to be
admitted to trading on AIM. Admission of the shares to trading on
AIM is expected on 26 October 2012.
Following the issue of the 12,142,842 new ordinary shares, the
total number of ordinary shares in issue is 57,603,975. The above
figure of 57,603,975 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.
Further enquiries:
PeerTV
Leon Nahon, Chairman +972 974 07315
Libertas Capital Corporate
Finance Limited
Thilo Hoffmann/Andrew
McLennan +44 (0) 20 7569 9650
Peterhouse Corporate Finance
Jon Levinson/Eran Zucker +44 (0) 20 7469 0932
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
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