PeerTV PLC Loan Conversion & Issue of Equity (5162T)
20 Julho 2015 - 7:48AM
UK Regulatory
TIDMPTV
RNS Number : 5162T
PeerTV PLC
20 July 2015
20 July 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 16,711,181
Ordinary shares at a price of 0.0999 pence per share to YA Global
SPV Limited being a further conversion of principle of GBP15,985
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.
In addition, the Company has issued a total of 122,794,914
Ordinary shares at an average price of 0.1173 pence per share as
follows:
a) CSS Alpha (BVI) Limited 72,727,727 shares at a price of 0.11
pence each equivalent to GBP80,000 being part repayment of a
revolving financing facility the balance on which prior to the
issue of these shares is GBP191,438.
b) Ran Zamir 19,422,187 shares at a price of 0.128 pence each
equivalent to GBP24,886 being part repayment of a loan advanced in
2014 to Digitek SMT Assemblies Ltd.
c) Shlomo & Ruth Galanti 15,000,000 shares at a price of
0.128 pence each equivalent to GBP19,200 being part repayment of a
loan originally advanced to PeerTV Limited in 2010.
d) Demri Group 15,625,000 shares at a price of 0.128 pence each
equivalent to GBP20,000 being on account payment for arrears on the
group's premises in Petach Tikva, Israel.
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 24
July 2015 ("Admission").
Following Admission, the Company will have in issue 609,474,230
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 609,474,230. 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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