PTV Peertv

TIDMPTV

RNS Number : 9761R

PeerTV PLC

01 November 2013

1(st) November 2013

PeerTV PLC

("PeerTV" or the "Company")

Statement re. debt issue in subsidiary

The board of PeerTV (AIM:PTV), a provider of technology solutions for the OTT (TV over the internet) market and PCB (printed circuit board) production solutions, wishes to update the market that holders of loan notes in its subsidiary company Digitek SMT Assemblies ("Digitek") have today been sent a letter by Digitek and its Security Agent.

In the letter Digitek and the Security Agent are asking the loan note holders to accept a delay in payment or a payment in shares of PeerTV for an interest payment that is due. The delay in payment has become necessary as a consequence of the recent good performance in winning new orders which has led to increased working capital requirements, putting further stress on cash resources.

The Security Agent has recommended that note holders accept the delay or shares in lieu of cash. Unless note holders do not follow the recommendation, no further announcement regarding this issue will be made.

Further enquiries:

PeerTV Plc

Eitan Yanuv, Chairman +972 974 07315

Libertas Capital Corporate Finance Ltd

Thilo Hoffmann/Sandy Jamieson +44 (0) 203 697 9499

This information is provided by RNS

The company news service from the London Stock Exchange

END

STRUASKROUAARRA

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