11 Apr 2013 11:58
11 April 2013
Motive Television PLC
("Motive" or "the Company")
Issue of Equity
Motive Television PLC (AIM: MTV.LN), the digital television technology, software and services provider announces that, following an exercise of warrants, it has issued, conditional upon admission, 250,000,000 ordinary shares of 0.01p each in the capital of the Company ("Ordinary Shares").
Following the above share issue, the total number of Ordinary Shares in issue will be 10,642,892,514. Shareholders may use this number when calculating their percentage holding in the Company.
Application has been made for the 250,000,000 Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 18 April 2013.
Contacts:
Motive Television plc T: +44 20 7025 8425
Michael Pilsworth, Chairman
Leonard M. Fertig, CEO
Sanlam Securities UK (Nominated Adviser) T: +44 20 7628 2200
Simon Clements / Virginia Bull
XCAP Securities T: +44 20 7101 7070
Jon Belliss
Newgate Communications (Financial PR) T: +44 20 7680 6559
Jason Nissé
Brainerd Communicators T: +1 212 986 6667
Chris Plunkett / Mike Smargiassi
Media PR T: +44 7774 860 011
Gerry Buckland
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