21 Apr 2010 17:34
21 April 2010
Motive Television PLC
("Motive" or "the Group")
Statement re: Recent Press Speculation
Motive notes the recent press speculation regarding the disposal of its trading subsidiary, Brown Eyed Boy Limited ("BEB").
The Company can confirm that it is at an advanced stage of discussions with Shine Group which may or may not lead to the sale of BEB. To the extent that these discussions are successful a further announcement will be made by the Company.
It is expected that, in accordance with the AIM Rules, the disposal of BEB will require Shareholder approval.
Contact:
Motive Television plc T: 020 3086 9430
Mick Pilsworth
Merchant John East Securities Limited (Nomad) T: 020 7628 2200
Simon Clements
Hybridan LLP (Broker) T: 020 7947 4350
Claire Noyce/Stephen Austin
Bishopsgate Communications T: 020 7562 3350
Gemma O'Hara/Siobhra Murphy
NOTES TO EDITORS
Note to Editors
Motive Television (www.motivetelevision.co.uk) is a leading media investment company, specialising in the fast-growing digital terrestrial television broadcasting technology sector.
BEB is a comedy production company whose credits include "Three Non-Blondes", "Little Miss Jocelyn" and "How Not to Live Your Life", starring Dan Clark, all for the BBC.