LONDON (Thomson Financial) - Motive Television PLC said it intends to rais
e 604,900 stg before expenses by placing about 86.41 mln shares at 0.7 pence each, to fund additional working capital requirements and to make further investments in joint ventures.
The AIM-listed TV investment vehicle said its finance director Alistair King bought 800,000 placing shares, lifting his stake to 0.8 pct of the enlarged share capital of the company.
Non-executive director Michael O'Rourke purchased about 14.28 mln placing shares, raising his stake to 11.9 pct, Motive Television added.
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