Talon Resources Targets Ontario Gold Growth After AIM Move and Eagle Lake Acquisition, CEO Says.Watch here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPTV.L Regulatory News (PTV)

  • There is currently no data for PTV

Issue of Debt and industrial Certification

9 Apr 2013 16:20

RNS Number : 9488B
PeerTV PLC
09 April 2013
 

 

9 April 2013

 

PeerTV PLC

("PeerTV" or "the Company")

Issue of Debt in Subsidiary and

ISO 9001-2008 and AS9100-C certification

 

The board of PeerTV (AIM:PTV), a provider of technology solutions for the OTT (TV over the internet) market and PCB (printed circuit board) production solutions, announces the placing of an additional £500,000 Secured Loan Notes with attached warrants to Digitek SMT Assemblies Ltd ("Digitek Assemblies") under a £1,750,000 issuance program. Digitek Assemblies is the sales and financing subsidiary of Digitek Holdings Ltd. ("Digitek"), a 70% owned subsidiary of PeerTV.

The Secured Loan Notes

As announced on 30 April 2012, Digitek Holdings Ltd and its subsidiaries restructured their balance sheets in H1 2012 and established a non-bank financing facility for its working capital needs.

The Secured Loan Notes were placed with investors in either 6 month or 12 month tranches. The 6 month tranche carries an interest of 0.8% per month while the 12 month tranche carries an interest of 1% per month. In each case interest is payable quarterly. Both tranches have bonus warrants into PeerTV attached, with the 6 months tranche receiving 25,000 warrants per £10,000 subscription and the 12 month tranche subscribers receiving 50,000 warrants per £10,000 subscription. The exercise price of the warrants is the par value per share.

In total the Company has issued approximately £1,659,000 under the Secured Loan Notes issuance program. It is intended that this facility will be used and rolled over until Digitek can replace it with more conventional banking facilities.

ISO 9001/2008 and AS9100-C certification

The Company is also pleased to announce that SM Digitek, the production subsidiary of Digitek, has received both ISO 9001-2008 and AS9100-C quality certification. The latter certification is to Aerospace standards and will allow Digitek to bid directly for Israeli defense contracts.

Late in 2012 Digitek renewed its ISO 13485 certification for electronic assembly of products in the medical and biopharmaceutical industries.

 

Avi Vermus, CEO commented: " these certifications place Digitek in a very small group of companies, with only seven SMT companies qualified with the AS0100-C certification to bid on Israeli defense work. This new certification will offer a significant strategic advantage for the development of the Company and will help to drive our sales in the future. The lead time to sales progress from the military market is expected to be approximately 3-4 months."

 

Further enquiries:

 

PeerTV Plc

Leon Nahon, Chairman

 

+972 974 07315

 

Libertas Capital Corporate Finance Ltd

Thilo Hoffmann/Andrew McLennan

 

+44 (0) 207 569 9650

 

Peterhouse Corporate Finance

Jon Levinson/Eran Zucker

+44 (0) 20 7469 0932

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IODNKCDDPBKDDQK
Date   Source Headline
29th Jan 20167:00 amRNSCompany Update and Resignation of Nomad
28th Jan 20161:00 pmRNSHolding(s) in Company
28th Jan 20169:55 amRNSResignation of Director and Suspension of Shares
28th Jan 20168:10 amRNSSuspension - PeerTV Plc
27th Jan 20169:54 amRNSHolding(s) in Company
26th Jan 20164:30 pmRNSIssue of Equity
26th Jan 201612:30 pmRNSHolding(s) in Company
25th Jan 201610:58 amRNSResignation of CEO
22nd Jan 201610:12 amRNSHolding(s) in Company
20th Jan 20165:07 pmRNSHolding(s) in Company
18th Jan 20165:11 pmRNSIssue of Equity
18th Jan 201610:38 amRNSHolding(s) in Company
18th Jan 201610:36 amRNSHolding(s) in Company
18th Jan 201610:32 amRNSHolding(s) in Company
18th Jan 201610:29 amRNSHolding(s) in Company
18th Jan 201610:21 amRNSHolding(s) in Company
15th Jan 20164:40 pmRNSSecond Price Monitoring Extn
15th Jan 20164:35 pmRNSPrice Monitoring Extension
15th Jan 20169:25 amRNSHolding(s) in Company
14th Jan 201611:55 amRNSHolding(s) in Company
13th Jan 20165:50 pmRNSDirector Share Purchase
13th Jan 20161:49 pmRNSHolding(s) in Company
13th Jan 20161:46 pmRNSHolding(s) in Company
12th Jan 20164:16 pmRNSDigitek Loan Note Holders Meeting
4th Jan 20161:54 pmRNSLoan and Creditor Conversions
4th Jan 201612:24 pmRNSIssue of Equity and SEDA Advance Notice
4th Jan 201610:40 amRNSHolding(s) in Company
23rd Dec 20154:49 pmRNSOffer to Loan Noteholders of Digitek SMT
22nd Dec 20154:52 pmRNSHolding(s) in Company
16th Dec 20153:52 pmRNSHolding(s) in Company
16th Dec 20159:39 amRNSResult of the Digitek loan note holders meeting
15th Dec 20156:10 pmRNSDrawdown of Convertible loan note
15th Dec 20155:59 pmRNSIssue of Equity
15th Dec 20155:06 pmRNSHolding(s) in Company
15th Dec 201512:28 pmRNSHolding(s) in Company
15th Dec 201512:18 pmRNSHolding(s) in Company
15th Dec 201512:13 pmRNSHolding(s) in Company
15th Dec 201510:39 amRNSHolding(s) in Company
11th Dec 20154:04 pmRNSHolding(s) in Company
11th Dec 20153:09 pmRNSProposed director withdraws
11th Dec 20152:39 pmRNSIssue of Equity
10th Dec 20154:40 pmRNSHolding(s) in Company
10th Dec 20151:25 pmRNSAppointment of New Director
7th Dec 20159:55 amRNSTrial Order from New Customer
30th Nov 201510:08 amRNSOffer to Loan Noteholders of Digitek
11th Nov 20154:28 pmRNSHolding(s) in Company
11th Nov 201510:21 amRNSHolding(s) in Company
3rd Nov 20154:21 pmRNSIssue of Equity
3rd Nov 20153:10 pmRNSCorporate Update
3rd Nov 20157:00 amRNSResult of General Meeting

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.