PeerTV PLC Loan Note Conversion and Issue of Equity (4456A)
22 Dezembro 2014 - 9:15AM
UK Regulatory
TIDMPTV
RNS Number : 4456A
PeerTV PLC
22 December 2014
22 December 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 GBP806,660 resulting in
the issue of 23,459,681 new Ordinary Shares at a price of 3.43849
pence 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 3,000,000 new
Ordinary Shares in part payment of loans by its subsidiaries PeerTV
Limited and SM Digitek (1993) Limited at a price of 2.5 pence per
new Ordinary Share ("Loan Shares").
The Conversion Shares and the Loan Shares ("New Shares") amount
to 26,459,681 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 31 December 2014
("Admission").
Following Admission, the Company will have in issue 67,580,974
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 67,580,974. 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
ZAI Corporate Finance Limited
Ray Zimmerman
Tel: +44 20 7060 2220
This information is provided by RNS
The company news service from the London Stock Exchange
END
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