20th Sep 2011 16:44
20 September 2011
Motive Television PLC
("Motive" or "the Company")
Redemption of convertible loan notes
Motive Television PLC (AIM: MTV), the digital television technology, software and services provider, announces that it has issued, conditional on admission, 51,035,616 ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares"). The Ordinary Shares have been issued following redemption of £200,000, 9 per cent. convertible secured redeemable loan notes 2015 and the associated accrued interest by Andre Vanyi-Robin.
Application has been made for the 51,035,616 Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 26 September 2011. Following the issue of these shares, the Company will have 1,652,549,252 Ordinary Shares in issue.
Contacts:
Motive Television plc | |
Michael Pilsworth, Chairman | T: +44 20 7025 8425 |
Merchant Securities (Nominated Adviser) | |
Simon Clements / Virginia Bull | T: +44 20 7628 2200 |
XCAP Securities (Broker) | |
Jon Bellis / John Grant | T: +44 20 7101 7070 |
Cubitt Consulting | |
Chris Lane / Alice Coubrough | T: +44 20 7367 5100 |
Media PR | |
Gerry Buckland | T: +44 7774 860 011 |
Brainerd (USA), Mike Smargiassi | T: +1 212 986 6667 |
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 multi-screen and 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 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