8 Dec 2015 07:00
8 December 2015
Motive Television PLC
("Motive" or the "Company")
Further re. Convertible Loan Notes
Motive Television PLC (AIM: MTV) announces that further to the announcement made on 4 December 2015 discussions with holders of convertible loan notes ("CLN Holders") in the Company remain ongoing and at an advanced stage.
The Company originally issued £6,585,670 of fixed interest Convertible Loan Notes ("CLNs") in October 2010. The Company currently has a balance of outstanding unredeemed CLNs with a face value of £2,978,396 which mature on 31 December 2015
The Company has reached agreement in principle with the largest holder of the CLN's, and is in the process of completing the necessary documentation before 31 December 2015. The Company is also in negotiations and expects to conclude the negotiations with all CLN holders before 31 December 2015.
The Directors are confident that further injections of funds can be secured to fund the Company's working capital position and that further revenue generating contracts will be won.
Enquiries:
Motive Television plc Michael Pilsworth, Chairman Leonard M Fertig, CEO
| T: +44 20 7025 8425
|
Sanlam Securities UK (Nominated Adviser) Simon Clements / James Thomas
| T: +44 20 7628 2200
|
Beaufort Securities Jon Belliss | T: +44 20 7382 8300 |
Newgate Communications Jason Nisse/Andre Hamlyn
| T: +44 20 7680 6559
|
Media PR Europe Gerry Buckland
| T: +44 7774 860011
|
Brainerd Communicators Chris Plunkett / Mike Smargiassi
| T: +1 212 986 6667
|
Notes to Editors:
Motive Television was founded in London in 2005 and its shares are quoted on the London Stock Exchange (AIM).
http://www.motivetelevision.co.uk
Motive Television provides broadcasters and pay television operators with enabling technology that provides opportunities to deliver highly valued services to viewers that generate additional income and retain existing subscribers, comprising:
Content Express™
Today's television viewers are demanding the ability to watch whatever they want when they want it on any screen, and Motive's Content Express™ makes that possible without having to build new networks. Content Express™ software provides secure delivery and management of non-linear digital content across any type of broadcast network to any consumer-facing screen or device. Motive has deployed it in both single and hybrid distribution systems that combine broadband access with traditional distribution for an optimal solution.
Motive's Content Express™ solutions platform provides a one-stop shop for digital terrestrial broadcasters, satellite, DTT cable pay television platforms, and Internet OTT content providers to offer new services including: Video on Demand (VOD and SVOD), Catch-up television, Tablet Television, Targeted advertising for VOD, Mocast for 4G LTE, Virtual channels and Video2Go.
TabletTV
With a proprietary app and TPod antenna-tuner, tablet owners around the globe can watch and record all the programming currently broadcast over digital terrestrial channels. Additionally, Tablet TV subscribers have the ability to download a selection of video-on-demand movies and programmes without the need for Internet access and, when they are connected, use integrated social networking and access anything available over the Internet.
BYOD TV
Motive's BYOD TV solution provides passengers and crew in maritime environments with access to video-on-demand movies and television without needing direct access to the Internet or broadcast signals. Markets for the platform include operators of passenger ferries, cruise lines, commercial ships, and oil platforms among others. In addition, BYOD TV has application for additional markets including passenger airlines, trains, waiting lounges, etc.
Motive's content division is:
Motive Television Limited, a Dublin-based award-winning independent production company that produces factual programmes for Irish broadcasters. It specializes in live sports production and sports documentaries and also produces factual and entertainment series.