PeerTV PLC Issue of Equity (4394E)
03 Novembro 2015 - 2:21PM
UK Regulatory
TIDMPTV
RNS Number : 4394E
PeerTV PLC
03 November 2015
3 November 2015
PeerTV PLC
("PeerTV" or the "Company")
Loan Conversion & Equity Issue
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 428,709 Ordinary
shares at a price of 13.8 pence per share to YA Global SPV Limited
being a further conversion of principle of GBP58,968 and payment of
accrued interest of GBP193.87 under the Convertible Note Facility
announced on 10(th) February 2015.
Under the terms of the Convertible Loan Facility the Conversion
price 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 new Ordinary Shares as
follows:
a) 227,273 Ordinary shares at a price of 22.0 pence per share to
CSS Alpha (BVI) Limited equivalent to GBP50,000 being part
repayment of a revolving financing facility the balance on which
prior to the issue of these shares is GBP99,996.
b) 45,455 Ordinary shares at a price of 22.0 pence per share to
Cedric Littman being part repayment of a loan advanced in 2012 to
PeerTV plc.
Application has been made for the New Shares, which total
701,437 be admitted to trading on AIM and admission is expected to
occur at 8:00am on 10(th) November 2015 ("Admission").
Following Admission, the Company will have in issue 3,573,400
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 3,573, 400. 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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November 03, 2015 11:21 ET (16:21 GMT)
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