2nd Apr 2015 07:17
LONDON (Alliance News) - Motive Television PLC said Thursday that it has raised GBP1 million through a placing of 6.66 billion shares at a price of 0.015 pence per share.
Shares in the producer and broadcasting technology firm are trading down 32% at 0.0156 pence Thursday morning, shortly after market open, one of the worst performers in the AIM All-Share.
Motive said the proceeds of the placing will be used to fund the roll-out of its Tablet TV product and other corporate purposes.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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