TIDMPTV

RNS Number : 9021Z

PeerTV PLC

12 February 2014

12 February 2014

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, is pleased to announce that, further to the placing announcement on 3 February 2014 (the "Placing"), it has raised an additional GBP65,000, taking the total amount raised in the Placing to GBP315,000.

Following the receipt of the a further GBP144,500 pursuant to the Placing , the Company has issued and allotted 14,450,000 new ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") ("Second Tranche Shares") at a price of 1 pence per new Ordinary Share. This brings the aggregate number of new Ordinary Shares issued pursuant to the Placing to 26,550,000 (the "Placing Shares") and the gross amount received by the Company to GBP265,500.

Consideration for the further tranches for the remaining GBP49,500 to be received under the Placing will be remitted to the Company over the next 30 days with the resulting 4,950,000 new Ordinary Shares issued and allotted to investors once the funds are received.

As announced on 3 February 2014, each investor in the Placing will also receive an equal number of five year warrants to purchase new Ordinary Shares at a price of 1.5 pence per share ("Warrants"). The Placing Shares and attached Warrants have been placed with private investors.

The Company also announces that it has issued 20,600 new Ordinary Shares in lieu of interest payable to a holder of Secured Loan Notes issued by company's subsidiary Digitek SMT Assemblies at a price of 1.2 pence per new Ordinary Share ("Loan Shares"). Further to this, it has also issued a further 2,427,759 new Ordinary Shares in lieu of payment of outstanding fees to advisers at a price of 1.08 pence per new Ordinary Share ("Fee Shares").

The Second Tranche Shares, Loan Shares and Fee Shares amount to 16,898,359 new Ordinary Shares in aggregate.

Application will be made for the Second Tranche Shares, Loan Shares and Fee Shares to be admitted to trading on AIM and admission is expected to occur at 8:00am on 18 February 2014 ("Admission").

Following Admission, the Company will have in issue 147,082,073 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. Therefore the total number of Ordinary Shares with voting rights in the Company will be 147,082,073. This figure 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.

Further enquiries:

PeerTV Plc

Eitan Yanuv, Chairman

Tel: +972 974 07315

Daniel Stewart & Company

Antony Legge / Harrison Clarke

Tel: +44 (0)20 7776 6550

This information is provided by RNS

The company news service from the London Stock Exchange

END

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