PTV Peertv

TIDMPTV

RNS Number : 3516R

PeerTV PLC

24 October 2013

24(th) October 2013

PeerTV PLC

("PeerTV" or "the Company")

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 issue of 4,749,130 new ordinary shares.

521,429 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 GBP1,007,400.

2,000,000 new ordinary shares were issued in part settlement of a loan due by the company's subsidiary Digitek Holdings Limited and a further 2,276,691 new ordinary shares were issued in payment for outstanding fees.

Application has been be made for the 4,749,130 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 29 October 2013.

For further enquiries:

 
 PeerTV PLC 
 Eitan Yanuv, Chairman             +972 974 07315 
 
 Libertas Capital Corporate 
  Finance 
 Thilo Hoffmann/Sandy 
  Jamieson                     +44 (0)203 6979499 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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