PeerTV PLC Loan Conversion & Issue of Equity (1411P)
03 Junho 2015 - 11:49AM
UK Regulatory
TIDMPTV
RNS Number : 1411P
PeerTV PLC
03 June 2015
3 June 2015
PeerTV PLC
("PeerTV" or the "Company")
Loan 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 issued 15,200,577
Ordinary shares at a price of 0.175 pence per share to YA Global
SPV Limited being a further conversion of principle of GBP26,156
and payment of accrued interest under the Convertible Note Facility
announced on 10th February 2015.
Under the terms of the Convertible Loan Facility the Conversion
is 90% of the lowest Volume Weighted Average Price (VWAP) during
the ten consecutive Trading Days immediately prior to the
Conversion Date.
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
June 2015 ("Admission").
Following Admission, the Company will have in issue 317,878,476
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 317,878,476. 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
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