23rd Dec 2010 14:30
23 December 2010
Motive Television PLC
("Motive Television" or "the Company")
Grant of options and issue of equity
Motive Television (AIM: MTV), the digital television technology, software and services provider, announces that the Company has issued 1,000,000 options over ordinary shares of 0.1p ("Ordinary Shares") to each of the non-executive directors. The options have been issued with an exercise price of 0.71p per share, being the closing mid-market price for the Company's Ordinary Shares on 22 December 2010. The options are exercisable from the third anniversary of the date of issue for a period of seven years, expiring on 22 December 2020.
Following the grant of the options, the non-executive directors have the following interests in Ordinary Shares:
Total no. of ordinary shares held | Percentage of voting share capital now held |
Options held |
Exercise price | |
Directors | ||||
Bryan Foss | 374,142 | 0.03 | 1,000,000 | 0.71p |
Andrew Kaza | - | - | 1,000,000 | 0.71p |
Paul Cuatrecasas | - | - | 1,000,000 | 0.71p |
In addition, the Company announces that it has today issued 5,774,648 Ordinary Shares in satisfaction of certain consultants' invoices totaling £41,000. Application has been made for the 5,774,648 Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 4 January 2011. Following the issue of these shares, the Company will have 1,207,247,596 Ordinary Shares in issue.
Contact:
Motive Television plc Mick Pilsworth
| T: 020 3080 9430 |
Merchant Securities Limited (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 is being tested 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.
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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
Related Shares:
Motive Television Plc