PTV Peertv

TIDMPTV

RNS Number : 1445N

PeerTV PLC

03 September 2013

3 September 2013

PeerTV PLC

("PeerTV" or "the Company")

Issue of equity

Further to the announcement of 25 July 2013, 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 issue of 4,191,555 new ordinary shares.

3,464,282 of these new ordinary shares were issued pursuant to a further closing of the placing announced on 16 June 2013. The new ordinary shares issued pursuant to the placing were placed at a price of 3.5 pence per share. Each investor receives an equal number of five year warrants to purchase ordinary shares at 4.0 pence per share. The shares and attached warrants were placed with private investors. This brings the gross amount received by the company under the placing to GBP883,500.

A further 727,273 new ordinary shares were issued in payment for outstanding fees at 2.75 pence per share, the prevailing share price at the time of the settlement.

Application has been be made for the 4,191,555 shares, which rank pari passu with the existing ordinary shares in issue, to be admitted to trading on AIM and admission to trading is expected on or after 9 September 2013.

Further enquiries:

 
 PeerTV Plc 
 Eitan Yanuv, Chairman                           +972 974 07315 
 Libertas Capital Corporate 
  Finance Ltd 
 Thilo Hoffmann                          +44 (0) 203 697 9499 
 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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