4 Jan 2013 07:00
4 January 2013
Motive Television PLC
("Motive" or "the Company")
Issue of convertible loan notes
The Company announces that it has today resolved to issue £153,126.47 nominal of 9% convertible secured redeemable loan notes 2015 ("CLNs") in satisfaction of accrued interest for the period from 1 July 2012 to 31 December 2012 payable in respect of the CLNs which were issued at the time of the Company's admission to trading on AIM on 15 October 2010. The Company has chosen to issue additional CLNs in satisfaction of the accrued interest, in accordance with the terms of the CLNs as set out in the Company's admission document, to preserve the cash resources of the Company which the Board will be applying to grow the business and for working capital generally.
Following the issue of the new CLNs, the Company will have £4,038,638.49 nominal of CLNs in issue. The CLNs are not admitted to trading on any stock exchange.
Motive Television plc Michael Pilsworth, Chairman Leonard M. Fertig, CEO
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T: +44 20 7025 8425 |
Merchant Securities (Nominated Adviser) Simon Clements / Virginia Bull
| T: +44 20 7628 2200 |
XCAP Securities (Joint Broker) Jon Belliss
| T: +44 20 7101 7070 |
First Columbus LLP (Joint Broker) Chris Crawford/Kelly Gardiner | T: +44 20 3002 2070 |
Newgate Communications (Financial PR)
Jason Nissé | T: +44 20 7680 6559 T: +44 7769 688618 |
Brainerd Communicators Chris Plunkett / Mike Smargiassi
| T: +1 212 986 6667 |
Media PR Gerry Buckland | T: +44 7774 860011
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Notes to Editors
Motive Television provides software and services to the global television industry, enabling Television Anytime Anywhere. Motive's patented and proprietary technology platform responds to the heightened viewer demand for watching what they want, when they want, on whatever device they want; and is driven by the mandatory switchover from analogue to digital broadcasting as mandated by the International Telecommunication Union.
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:
Television Anytime. A technology platform that enables digital broadcasters and pay television operators to offer enhanced broadcasting services with or without the need for an Internet connection. These services, include, among others, Video-on-Demand, Catch-Up TV, Virtual Channels, Sneak Preview TV, and Targeted Advertising. Television Anytime is currently in commercial operation in Europe both in digital terrestrial (DTT) and soon in satellite (DTH) environments. Patented in Spain and patent pending in the EU.
Television Anywhere. An advanced multi-screen multi-channel technology that allows a viewer to control and watch all the content received by or recorded in their main home television equipment on any computer, mobile phone, iPad or any other Internet connected device. Television Anywhere is software-based and can be updated via software upgrades on existing STB. US patent pending.
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.
Motive Television was founded in London in 2005 and its shares are quoted on the London Stock Exchange (AIM).
http://www.motivetelevision.co.uk/ir/mtv/ir.jsp?page=home