PeerTV PLC Issue of Equity (0675N)

TIDMPTV

RNS Number : 0675N

PeerTV PLC

26 January 2016

26 January 2016

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 1,580,711 Ordinary shares at a price of 1.4871 pence per share to YA Global SPV Limited being a further conversion of principle of GBP22,527 and payment of accrued interest of GBP980 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.

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 2 February 2016 ("Admission").

Following Admission, the Company will have in issue 17,293,031 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 17,293,031. 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: [phone]

ZAI Corporate Finance Limited

Tim Cofman / Richard Morrison

Tel: [phone]

Daniel Stewart & Company plc

David Coffman

Tel: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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January 26, 2016 11:30 ET (16:30 GMT)