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Motive Tv Share News (MTV)



Share News for Motive Tv (MTV)


Share Price: 0.0225Bid: 0.021Ask: 0.024Change: 0.0005 (+2.27%)Riser - Motive Tv
Spread: 0.003Spread as %: 14.29%Open: 0.022High: 0.0229Low: 0.0218Yesterday’s Close: 0.022




Motive Television to raise 604,900 stg via placing to fund working capital, JV

Mon, 12th Nov 2007 11:29

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.

TFN.newsdesk@thomson.com

kal/jag

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