PTV.L Share News (PTV)

(ShareCast News) - The chief executive of AIM-listed Peer TV has resigned just months after announcing a deal to offload troublesome subsidiary.Vermus, who joined Digitek in 2011 as chief financial officer and was appointed CEO of the whole group in January 2012, has resigned with immediate effect.In a short statement, Peer TV said it was now "devoting its full resources to the PeerTV team to support and build the OTT [over the top] business".The OTT business is focused on TV 'red button' technology, developing smart TV solutions that range from its line of set-top-box hardware and content management software for the internet TV market.In October's debt-for-equity-swap deal, the group offered to exchange all Digitek loan notes in issue for 75% of the ordinary and preference share capital of Digitek. The deal was designed to cut PeerTV's equity holding from 64.1% of Digitek to 25%, with Digitek loan note holders owning the remainder.Shares in Peer TV bounced 56% to 3.74p on the resignation news.