6th Aug 2009 11:15
Motive Television plc
("Motive" or the "Company")
Grant of Warrants
The Board of Motive, the media investment company specialising in television rights owners, announces that warrants to subscribe for 10.0 per cent. of the issued ordinary share capital of the Company immediately prior to the time of exercise have been granted to Len Fertig, a Director of Motive. The warrants have been granted at an exercise price of 0.31 pence each.
Pursuant to AIM Rule 13, the issue of the warrants to Mr Fertig constitutes a related party transaction. In accordance with the AIM Rules, the independent directors, comprising all Board members except Mr Fertig, having consulted with the Company's nominated adviser, consider the terms of the warrants to be fair and reasonable insofar as Shareholders are concerned.
The issued share capital of the Company comprises 342,499,463 ordinary shares of 0.1 pence each.
Further information on the Company can be found on its website, at www.motivetelevision.co.uk
Motive Television plc
Mick Pilsworth, Chairman
Tel: 020 3086 9430
Nominated Adviser to Motive Television plc
Dowgate Capital Advisers Limited
Liam Murray or Jo Turner
Tel: 020 7492 4777
Related Shares:
Motive Television Plc