28 Sep 2012 09:21
MOTIVE TELEVISION PLC
("Motive" or the "Group")
Directors' Shareholdings
Further to the announcement dated 16 August 2012 in which the directors undertook to acquire an aggregate of £25,000 worth of ordinary share in the Company following the end of the close period and following publication of the Company's half-yearly results, Motive announces that the directors have today subscribed for ordinary shares in the issued share capital of the Company (the "Ordinary Shares") at 0.04p per share, being the mid-market closing price of the Ordinary Shares on 27 September 2012 (the last practicable date prior to this announcement).
The ordinary share purchases, together with the resultant holding in the issued share capital, are as follows:
No. of Ordinary Shares acquired | Price paid (p)
| Resultant shareholding
| Percentage holding of issued share capital | |
Michael Pilsworth Executive Chairman | 18,125,000 | 0.04 | 67,111,904 | 1.33 |
Leonard M.Fertig Chief Executive | 18,125,000 | 0.04 | 48,625,000 | 0.96 |
Professor Brian Foss Non-Executive Director | 11,250,000 | 0.04 | 22,481,284 | 0.45 |
Paul Cuatrecasas Non-Executive Director | 7,500,000 | 0.04 | 8,800,000 | 0.17 |
Drew Kaza Non-Executive Director | 7,500,000 | 0.04 | 7,500,000 | 0.15 |
Application will be made for the 62,500,000 subscription shares to be admitted to trading on AIM. Admission is expected to become effective and dealings are expected to commence on AIM on 5 October 2012. Following the issue of the subscription shares, the Company will have 5,045,345,353 ordinary shares in issue.
Enquiries:
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 |
Financial PR Cubitt Consulting Gareth David / Madeline Douglas
|
T: +44 20 7367 5100 |
Brainerd Communicators Chris Plunkett / Mike Smargiassi
| T: +1 212 986 6667 |
Media PR Gerry Buckland | T: +44 7774 860011
|
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
Motive Television Plc (MTV)