PTV Peertv

TIDMPTV

RNS Number : 0496T

PeerTV PLC

14 November 2013

14(th) November 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 to the market that it has arranged a GBP200,000 short term line of credit pursuant to which the Company may borrow GBP50,000 per month, if required, with each advance repayable in 4 monthly installments. Advances may be repaid through the issue of shares by the Company at a price to be agreed and with reference to market prices. The Company has issued 4 million shares as security for this financing.

The Company also announces the issue of 8,023,041 new ordinary shares in settlement of fees, interest and other liabilities.

Application has been be made for the 12,023,041 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 20 November 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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