PTV Peertv

TIDMPTV

RNS Number : 1808J

PeerTV PLC

15 December 2015

15 December 2015

PeerTV plc

("PeerTV" or the "Company")

Drawdown under SEDA Facility

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 has today drawn down a fourth tranche of $75,000 under the terms of the Convertible Loan Note Agreement with YA Global Master SPV Ltd ("YA") dated 9 February 2015.

The proceeds of the drawdown will be used to provide the Company with additional working capital. The drawdown will be subject to an Implementation Fee of $6,000.

The full terms of the Convertible Loan Note Agreement were announced to the market on 10 February 2015.

Further enquiries:

PeerTV Plc

Eitan Yanuv, Chairman

Tel: +972 974 07315

ZAI Corporate Finance Limited

Tim Cofman / Richard Morrison

Tel: +44 20 7060 2220

Daniel Stewart & Company plc

David Coffman

Tel: +44 207 7766550

This information is provided by RNS

The company news service from the London Stock Exchange

END

STRFFMFAIFISESE

(END) Dow Jones Newswires

December 15, 2015 13:10 ET (18:10 GMT)

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