23 Oct 2014 11:53
Motive Television PLC
23 October 2014
23 October 2014
Motive Television PLC
("Motive" or "the Company")
Issue of Equity
Motive Television PLC announces that, further to the announcement of the Convertible Securities Issuance Deed ("the Deed") between the Company and Bergen Global Opportunity Fund, LP, ("Bergen") dated 12 May 2014, the Company has received a Conversion Notice from Bergen requesting that the Company issue 849,285,714 ordinary shares of 0.01p each ("Ordinary Shares") to Bergen to satisfy the repayment of £118,900 of the Convertible Security. The conversion price for this issuance is £0.00014 per Ordinary share.
The allotment is conditional upon admission of the 849,285,714 Ordinary Shares to trading on AIM. The shares will rank pari passu with the existing issued Ordinary Shares.
Application will be made for the shares to be admitted to trading on AIM. Admission is expected to become effective and dealings are expected to commence on AIM on 29 October 2014. Following the issue of the shares, the Company will have 36,613,112,941 Ordinary Shares in issue.
Motive Television plc Michael Pilsworth, Chairman Leonard M Fertig, CEO
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Sanlam Securities UK (Nominated Adviser) Simon Clements/Virginia Bull
| T: +44 20 7628 2200
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Hume Capital Securities (Company Broker) Jon Belliss
| T: +44 20 3216 2630 |
Newgate Communications Jason Nisse/Stephanie Dobbs
Media PR Europe Gerry Buckland
Brainerd Communicators Chris Plunkett/Mike Smargiassi
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T: +44 20 7680 6559
T: +44 7774 860011
T: +1 212 986 6667
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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.
Tablet TV
With a proprietary app and T-Pod 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.
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