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Issue of Equity

2nd Apr 2015 07:00

RNS Number : 2486J
Motive Television PLC
02 April 2015
 

Motive Television PLC

("Motive" or "the Company")

 

Issue of Equity

 

 

Motive Television PLC announces that it has placed 6,666,666,667 new Ordinary shares to clients of Beaufort Securities at a price of 0.015 pence per share. The Placing will raise a total of £1,000,000 before expenses. The proceeds will be used to fund the roll out of Tablet TV and for other corporate purposes.

 

The allotment is conditional upon admission of the 6,666,666,667 Ordinary Shares to trading on AIM. The shares will rank pari passu with the existing issued Ordinary Shares.

 

Application will be made for the shares to be admitted to trading on AIM. Admission is expected to become effective and dealings are expected to commence on AIM on 9 April 2015. Following the issue of the shares, the Company will have 16,886,725,153 Ordinary Shares in issue.

 

 

 

Motive Television plc

Michael Pilsworth, Chairman

Leonard M Fertig, CEO

 

T: +44 20 7025 8425

 

Sanlam Securities UK (Nominated Adviser)

Simon Clements/James Thomas

 

T: +44 20 7628 2200

 

 

Beaufort Securities (Company Broker)

Elliot Hance

 

T: +44 20 7382 8300

Newgate Communications

Jason Nisse/Andre Hamlyn

 

Media PR Europe

Gerry Buckland

 

Brainerd Communicators

Chris Plunkett/Mike Smargiassi

 

 T: +44 20 7680 6559

 

 

T: +44 7774 860011

 

 

T: +1 212 986 6667 

 

 

Motive Television provides broadcasters and pay television operators with enabling technology that provides opportunities to deliver highly valued services to viewers that generate additional income and retain existing subscribers, comprising:

 

Content Express™

Today's television viewers are demanding the ability to watch whatever they want when they want it on any screen, and Motive's Content Express™ makes that possible without having to build new networks. Content Express™ software provides secure delivery and management of non-linear digital content across any type of broadcast network to any consumer-facing screen or device. Motive has deployed it in both single and hybrid distribution systems that combine broadband access with traditional distribution for an optimal solution.

 

Motive's Content Express™ solutions platform provides a one-stop shop for digital terrestrial broadcasters, satellite, DTT cable pay television platforms, and Internet OTT content providers to offer new services including: Video on Demand (VOD and SVOD), Catch-up television, Tablet Television, Targeted advertising for VOD, Mocast for 4G LTE, Virtual channels and Video2Go.

 

Tablet TV

With a proprietary app and T-Pod antenna-tuner, tablet owners around the globe can watch and record all the programming currently broadcast over digital terrestrial channels. Additionally, Tablet TV subscribers have the ability to download a selection of video-on-demand movies and programmes without the need for Internet access and, when they are connected, use integrated social networking and access anything available over the Internet.

 

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

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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