Titania Internet Ventures plc
LSE : TITP

September 19, 2014 07:47 ET

PROPOSED ISSUE OF CONVERTIBLE LOAN NOTES AND NOTICE OF AGM

                                                         19 September 2014
                         TITANIA INTERNET VENTURES PLC
                          ("Titania" or "the Company")
          Proposed Issue of Convertible Loan Notes and Notice of AGM

Titania today announces that it has raised GBP £63,000 by way of the issue of Convertible Unsecured Loan
Notes 2019 ("Loan Notes") conditional only on:-

*   the  restoration of the trading facility in the Ordinary Shares on the ISDX Growth  Market.   This
    condition has been fully satisfied as the trading facility has been restored on 17 September 2014;
    
*   the  passing  of  resolutions  in  general meeting of TIV  to  approve  a  capital  reorganisation
    comprising a consolidation of every 100 current ordinary shares of 0.1p into one consolidated  ordinary
    share of 10p and the sub-division of all such consolidated ordinary shares into one ordinary share of 0.1p
    and one deferred share of 9.9p.

The issue of the Loan Notes has not been underwritten but the Company has received an irrevocable private
placement from the investor.

The Principal terms of the Loan Notes are:

*   Conversion - the Loan Notes are convertible into ordinary shares of 0.1p in the Company ("Ordinary
    Shares") (subject to the capital reorganisation referred to above) at a conversion price of 0.7p per share,
    subject to a limitation to prevent any noteholder from having an interest (following conversion) in 30% or
    more of the voting rights in Titania, either alone or taking into account the interests of any person(s)
    acting in concert or deemed to be acting in concert (as defined in the City Code on Takeovers and Mergers)
    with the noteholder.
*   Repayment - the Loan Notes are repayable at par on 31 September 2019.
*   Interest - the Loan Notes do not carry interest.


The Company has today posted a Circular convening an Annual General Meeting and containing full details of
the Company's capital reorganisation and the issue of the proposed Loan Notes.


The Directors of the Company accept responsibility for this announcement.


                                                 --ENDS--


Enquiries:

TITANIA INTERNET VENTURES PLC

Pasi Marjanen

Tel: +44 (0)20 3239 9163

pasi.marjanen@titaniaplc.com

SVS Securities plc - ISDX Corporate Adviser

Kulvir Virk

Tel: +44 (0)203 700 0100
kulvir.virk@svssecurities.com

Titania Internet Ventures plc

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