PeerTV PLC Loan Note Conversion and Issue of Equity (2882U)
15 Outubro 2014 - 3:00AM
UK Regulatory
TIDMPTV
RNS Number : 2882U
PeerTV PLC
15 October 2014
15 October 2014
PeerTV PLC
("PeerTV" or the "Company")
Loan Note Conversion and Issue of Equity
PeerTV plc (AIM:PTV), a provider of technology solutions for the
OTT (TV over the internet) market, and PCB (printed circuit board)
production solutions announces that it has converted 8% unsecured
loan notes ("Loan Notes") to the value of GBP326,014 resulting in
the issue of 73,808,852 new Ordinary Shares at a price of 0.4417p
each ("Conversion Shares"). This conversion has been made further
to the announcement of 23 December 2013, which set out certain
amendments to the terms of Loan Notes, including the Company's
ability to elect to convert Loan Notes in issue into Ordinary
Shares of the Company.
The Company also announces that it has issued 7,000,000 new
Ordinary Shares in lieu of payment of outstanding fees at a price
of 0.25 pence per new Ordinary Share ("Fee Shares") and 10,000,000
new Ordinary Shares in part payment of loans to its subsidiaries
PeerTV Limited and SM Digitek (1993) Limited also at a price of
0.25 pence per new Ordinary Share ("Loan Shares").
The Conversion Shares, Fee Shares and Loan Shares ("New Shares")
amount to 90,808,852 new Ordinary Shares in aggregate. Application
has been made for the New Shares to be admitted to trading on AIM
and admission is expected to occur at 8:00am on 21 October 2014
("Admission").
Following Admission, the Company will have in issue 445,974,631
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 445,974,631. 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
David Coffman/Emma Earl
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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