8th Jun 2011 15:04
8 June 2011
MOTIVE TELEVISION PLC
("Motive" or the "Group")
Issue of equity
The Company announces that it has today issued 2,638,028 Ordinary Shares in satisfaction of certain consultants' invoices totalling £19,520. Application has been made for the 2,638,028 Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 14 June 2011. Following the issue of these shares, the Company will have 1,601,513,636 Ordinary Shares in issue.
Contacts:
Motive Television plc | |
Michael Pilsworth, Executive Chairman | T: 020 7025 8425 |
Merchant Securities (Nominated Adviser) | |
Simon Clements / Virginia Bull | T: 020 7628 2200 |
XCAP Securities (Broker) | |
Jon Bellis / John Grant | T: 020 7101 7070 |
Cubitt Consulting | |
Chris Lane / Alice Coubrough | T: 020 7367 5100 |
Media PR | |
Gerry Buckland | T: +44 7774 860011 |
Notes to Editors
Motive Television provides digital television technology and services globally, enabling Television Anytime Anywhere. The market is driven by heightened consumer demand coupled with the mandatory switchover from analogue to digital broadcasting that, as mandated by the International Telecommunication Union, will come into full effect by 2015.
Motive Television provides broadcasters and platform operators with new sources of income and business models via its technologies:
Television Anytime is a technology that permits and enables broadcasters and platform operators 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. Television Anytime is currently in commercial operation in Italy and successful tests have been carried out in the Czech Republic and Hungary.
Television Anywhere is 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. Television Anywhere is software orientated, does not require an additional box, and can be updated via software upgrades. 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/ir/mtv/ir.jsp?page=home
Related Shares:
Motive Television Plc