PTV Peertv

TIDMPTV

RNS Number : 2223J

PeerTV PLC

01 April 2015

1 April 2015

PeerTV PLC

("PeerTV" or the "Company")

Installation of New Digitek Assembly Line 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 further to the announcement of 3(rd) February 2015, its subsidiary Digitek SMT Assemblies Ltd ("Digitek") has taken delivery of the remaining parts of the new production line.

The new line has been brought into full operation and as expected, Digitek is seeing increasing interest from both potential and existing customers, across a variety of industry sectors, which should be reflected in increasing revenues in the coming months.

PeerTV also announces that it has issued 8,000,000 Ordinary Shares in part repayment of loans due by the Company and its subsidiary PeerTV Limited and Digitek SMT Assemblies Limited at a price of 0.75 pence per Ordinary Share. The amount of liabilities being repaid is GBP60,000. It has also issued 1,333,333 Ordinary Shares in settlement of professional fees due by the Company.

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 10 April 2015 ("Admission").

Following Admission, the Company will have in issue 153,361,712 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 153,361,712. 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

Tim Cofman / Richard Morrison

Tel: +44 20 7060 2220

Daniel Stewart & Company plc

David Coffman

Tel: +44 207 7766550

This information is provided by RNS

The company news service from the London Stock Exchange

END

IOEZFLFBEZFXBBV

Peertv (LSE:PTV)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024

Peertv (LSE:PTV)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024