LONDON (Thomson Financial) - Motive Television PLC said it intends to raise 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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