23rd Oct 2014 09:07
LONDON (Alliance News) - Dublin-based Motive Television PLC said Thursday it has agreed to increase the outstanding nominal amount of its convertible finance agreement with Bergen Global Opportunity Fund to GBP1.36 million from GBP1.25 million.
The company entered the agreement in May for GBP2.98 million zero-coupon convertible securities. The increase in the outstanding nominal amount is in exchange for Bergen foregoing certain rights and all other terms of the agreement remain the same, the company said.
Motive Television shares were down 2.1% at 0.0142 pence Thursday morning.
By Ian Edmondson; Copyright 2014 Alliance News Limited. All Rights Reserved.
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