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Motive Tv Share News (MTV)
Share News for Motive Tv (MTV)
| Share Price: 0.0215 | Bid: 0.021 | Ask: 0.023 | Change: -0.0005 (-2.27%) |  | ||||||
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Motive Television places 52 mln shares, raises 260,000 pounds before costs
Wed, 17th Sep 2008 12:18
LONDON (Thomson Financial) - Media investor Motive Television Plc. said it placed 52.0 million
The company, which reported a much wider first-half pretax loss on Wednesday, said the net proceeds of the placing will be used to provide additional working capital and potentially fund any cash component of any future acquisitions.
Pilsworth bought 2.0 million shares, lifting his stake to 6.01 million or 1.6 percent.
During the six months to end-June, the group's loss before tax widened to 507,188 pounds from 182,452 a year ago, despite an 86 percent rise in turnover as it continued to invest in its bank of programmes and development projects.
TFN.newsdesk@thomson.com
npr/ak
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
LONDON (Thomson Financial) - Media investor Motive Television Plc. said it placed 52.0 million
new shares at 0.5 pence each with clients of its broker, Dowgate Capital Stockbrokers Ltd., and chairman Michael Pilsworth, raising 260,000 pounds before costs.
The company, which reported a much wider first-half pretax loss on Wednesday, said the net proceeds of the placing will be used to provide additional working capital and potentially fund any cash component of any future acquisitions.
Pilsworth bought 2.0 million shares, lifting his stake to 6.01 million or 1.6 percent.
During the six months to end-June, the group's loss before tax widened to 507,188 pounds from 182,452 a year ago, despite an 86 percent rise in turnover as it continued to invest in its bank of programmes and development projects.
TFN.newsdesk@thomson.com
npr/ak
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Motive Television places 52 mln shares, raises 260,000 pounds before costs
LONDON (Thomson Financial) - Media investor Motive Television Plc. said it placed 52.0 million new shares at 0.5 pence each with clients of its[17 Sep '08]
