18 Dec 2012 11:03
18 December 2012
MOTIVE TELEVISION PLC
("Motive" or the "Group")
Issue of Equity and Directors' Shareholding
The Company announces that it has today issued, conditional on admission, 35,000,000 ordinary shares of 0.01p each in the capital of the Company ("Ordinary Shares"). The Ordinary Shares have been issued to Directors of the Company who have agreed to capitalise fees owed to them by subscribing for Ordinary Shares.
The Ordinary Shares subscribed for, together with the resultant holdings in the issued share capital, are as follows:
No. of Ordinary Shares acquired |
Price paid (p) |
Resultant shareholding | Percentage holding of issued share capital | |
Professor Bryan Foss, Non-Executive Director |
15,000,000 |
0.03 |
37,481,284 |
0.73 |
Paul Cuatrecasas, Non-Executive Director |
10,000,000 |
0.03 |
18,800,000 |
0.36 |
Andrew Kaza, Non-Executive Director |
10,000,000 |
0.03 |
17,500,000 |
0.34 |
Application will be made for the 35,000,000 subscription shares to be admitted to trading on AIM. Admission is expected to become effective and dealings are expected to commence on AIM on 24 December 2012. Following the issue of the subscription shares, the Company will have 5,199,402,215 ordinary shares in issue.
Contacts:
Motive Television plc Michael Pilsworth, Chairman Leonard M. Fertig, CEO |
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 |
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