9 Feb 2011 07:00
9 February 2011
Motive Television PLC
("Motive" or "the Company")
Redemption of convertible loan notes
Motive Television PLC (AIM: MTV), the digital television technology, software and services provider, announces that it has issued, conditional on admission, 101,391,084 ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares"). The Ordinary Shares have been issued following redemption of £400,000, 9 per cent. convertible secured redeemable loan notes 2015 and the associated accrued interest by Artemis Investment Ltd.
Application has been made for the 101,391,084 Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 15 February 2011. Following the issue of these shares, the Company will have 1,331,337,129 Ordinary Shares in issue.
Contact:
Motive Television plc Mick Pilsworth
| T: 020 7025 8425 |
Merchant Securities (Nominated Adviser) Simon Clements / Virginia Bull
| T: 020 7628 2200 |
Jendens Securities Limited (Broker) Jeremy Read / Justine Waldisberg
| T: 0203 372 2586 |
Cubitt Consulting Chris Lane / Samantha Boston
| T: 020 7367 5100 |
Notes to Editors
Motive Television provides digital television technology and services globally, enabling TV Anytime, Anywhere. The market is driven by heightened consumer demand coupled with the mandatory switchover from analogue to digital broadcasting which, as mandated by the International Telecommunication Union, will come into full effect by 2015.
Motive Television provides broadcasters with new sources of income and business models and currently operates via three subsidiaries:
·; Adecq Digital S.L ("TV Anytime") is the creator of Bestv, a technology that permits and enables digital terrestrial broadcasters to offer enhanced broadcasting services without the need for the Internet. Broadcasters can earn additional income through these services, including Catch-Up TV, Virtual Channels, Video-on-Demand and Targeted Advertising. Bestv is currently in commercial operation by digital broadcasters in Italy and Spain and successful tests have been carried out in the Czech Republic and Hungary.
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·; NXV Limited ("TV Anywhere") owns NX Vision, an advanced place-changing television technology that allows a viewer to interact, control and watch their Internet-connected home television from a computer, mobile phone, iPad or any other Internet connected device. NX Vision is software orientated, doesn't require an additional box, and can be updated via software upgrades. US patent pending.
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·; 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.
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The Group currently operates in Western and Central & Eastern Europe and anticipates initiating services in North and South America in the near future. Motive Television has 27 employees and 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