PTV Peertv

TIDMPTV

RNS Number : 7769D

PeerTV PLC

29 October 2015

PeerTV plc

("PeerTV" or the "Company")

Resignation of subsidiary director

It is with regret that the board of the Company announce the resignation of Wes Wilcox as Chief Executive of PeerTV Limited, the company responsible for the group's set top box business.

Mr Wilcox has given a number of reasons which, taken together, have lead him to resign. These include both personal reasons combined with the difficulties of financing and managing the proposed turnaround of the set top box business and the personal demands that this would make.

Commenting on the resignation Eitan Yanuv, the Company's Chairman said "I would like to thank Wes for his contribution to the business and we are sorry that he has found it necessary to resign at this critical point in the Company's development."

Further enquiries:

PeerTV Plc

Eitan Yanuv, Chairman

Tel: +972 974 07315

ZAI Corporate Finance Limited

Tim Cofman / Richard Morrison / Jamie Spotswood

Tel: +44 20 7060 2220

Daniel Stewart & Company plc

David Coffman

Tel: +44 207 776 6550

This information is provided by RNS

The company news service from the London Stock Exchange

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October 29, 2015 03:00 ET (07:00 GMT)

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