PEERTV PLC 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 £22,527 and payment of accrued interest of £980 under the Convertible Note Facility announced on 10thFebruary 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 PlcEitan Yanuv, Chairman Tel: +972 974 07315
Tim Cofman / Richard Morrison Tel: +44 20 7060 2220
Daniel Stewart & Company plcDavid Coffman
Tel: +44 207 7766550
PeerTV plc issued this content on 27 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 January 2016 15:50:12 UTC
Original Document: http://peertv.com.agate.in/wp-peer/?p=1351
