PeerTV PLC Issue of Equity (7581G)
12 Maio 2014 - 3:00AM
UK Regulatory
TIDMPTV
RNS Number : 7581G
PeerTV PLC
12 May 2014
09 May 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
last placing announcement on 11 April 2014 (the "Placing"), it has
raised an additional GBP1,000, from investors, for which 100,000
new ordinary shares of 0.5 pence each in the Company ("Ordinary
Shares") have been issued at a price of 1p per share. This brings
the final aggregate number of new Ordinary Shares issued pursuant
to the Placing to 30,500,000 (the "Placing Shares") and the final
gross amount received by the Company to GBP300,500.
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 1,613,333 new
Ordinary Shares in lieu of fees and marketing expenses for the
raising of secured loan notes issued by company's subsidiary
Digitek SMT Assemblies ("Secured Loan Notes") at a price of 0.75p
pence per new Ordinary Share ("Loan Shares"). The Company also
announces that it has issued 6,250,000 new Ordinary Shares in lieu
of the finance costs for the Secured Loan Notes at a price of 0.8p
per new Ordinary Share ("Finance Shares"). Further to this, it has
also issued a further 2,727,759 new Ordinary Shares in lieu of
payment of outstanding fees to advisers at a price of 0.75 pence
per new Ordinary Share ("Fee Shares"). The Company has also issued
157,193 new Ordinary Shares in lieu of interest payable to the
holders of the Secured Loan Notes at a price of 1p per new Ordinary
Share ("Loan Note Shares"). Further to this, the Company has also
issued 1,597,532 new Ordinary Shares as part of an agreement to
settle liabilities to former managers of the Company at a price of
1p per new Ordinary Share ("Manager Shares").
The Company has also received notice to exercise warrants over
86,000 Ordinary Shares, at an exercise price of 0.5p per Ordinary
Share ("Warrant Shares"). Following the exercise of warrants, the
total number of warrants outstanding will be 83,233,832.
The Placing Shares Loan Shares, Finance Shares, Fee Shares, Loan
Note Shares and Manager Shares amount to 12,531,817 new Ordinary
Shares in aggregate.
Application will be made for the Placing Shares, Loan Shares,
Finance Shares, Fee Shares, Loan Note Shares and Manager Shares to
be admitted to trading on AIM and admission is expected to occur at
8:00am on 15 May 2014 ("Admission").
Following Admission, the Company will have in issue 177,017,257
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 177,017,257. 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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