PTV.L Regulatory News (PTV)

30 July 2014

PeerTV PLC

("PeerTV" or the "Company")

Issue of Equity

PeerTV (AIM:PTV), a provider of technology solutions for the OTT (TV over the internet) market and PCB (printed circuit board) production solutions, announces a successful placing, the issue of new ordinary shares and an equity facility of up to £1.5m.

The Company has raised £210,000 before expenses through a placing of 42,000,000 new ordinary shares of 0.5 pence each ("Ordinary Shares") at a price of 0.5 pence per share. The proceeds will provide additional working capital for the Company.

In addition PeerTV plc is pleased to announce that it has entered into an agreement with YA Global Master SPV Ltd ("YA"), an investment fund managed by Yorkville Advisors Global LP ("Yorkville") under which YA will provide an equity facility of up to £1.5 million under the terms of a standby equity distribution agreement ("SEDA").

Subject to its terms, up to £1.5 million can be drawn upon at the discretion of the Company. Under the terms of the agreement, PeerTV may draw down on funds over a period of up to three years in exchange for the issue of Ordinary Shares in the Company.

The new Ordinary Shares will be issued at an agreed discount to the prevailing market price during the 10 dealing day pricing period following the notice of a draw down. The Company may also set a minimum price for each draw down. The number of shares to be issued will be reduced to the extent that YA would not hold more than 2.99% of the ordinary share capital of the Company.

The agreed discount will be 2% in respect of the first aggregate £500,000 of the amount advanced by YA and 7% of the remaining £1 million of the facility. In addition, a 3% fee will be deducted from the net advance under each drawdown.

The maximum advance that may be requested is the lower of £500,000 and 200% of the average daily trading volume of Ordinary Shares multiplied by the volume weighted average price of such shares for each of the 10 dealing days prior to the date of the draw down request unless otherwise agreed. The facility may only be drawn down upon once every 10 days.

An implementation fee of £60,000 as well as legal costs are payable by the Company through the issue of shares. 50% of the implementation fee is payable on signing the agreement and the balance at the time of the second drawdown. As a result 6,400,000 Ordinary Shares have been issued at a price of 0.625 pence to satisfy the legal costs and the first half of the implementation fee.

Application will be made for the 48,400,000 shares to be admitted to trading on AIM and admission is expected on or after 6 August 2014 ("Admission").

Following Admission, the Company will have in issue 317,387,865 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 317,387,865. 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 

Daniel Stewart & CompanyEmma Earl / David Coffman - Corporate FinanceMartin Lampshire / Colin Rowbury - Corporate BrokingTel: +44 (0)20 7776 6550