4th Oct 2010 14:41
4 October 2010
Motive Television PLC
("Motive" or "the Company")
Result of General Meeting
Further to the announcement on 17 September 2010 (the "Previous Announcement") in relation to the Acquisition, the Subscription and Admission, the Directors are pleased to announce that at the general meeting held earlier today, all resolutions were duly passed without amendment. Terms used in this announcement shall have the meanings given to them in the Previous Announcement.
As set out in the Previous Announcement, the Acquisition is conditional upon the satisfaction of certain conditions, including the entry into loan agreements between the Vendors and Sophesa SPC. These loan agreements have not yet been entered into and, accordingly, the Acquisition and Admission remains conditional upon this occurring. The Directors are confident that the loan agreements will be entered into and that completion of the Acquisition and Admission will follow thereafter. A further announcement will be made following entry into the loan agreements.
Contact:
|
Motive Television plc Mick Pilsworth
|
T: 020 3080 9430 |
|
Merchant Securities Limited (Nominated Adviser) Simon Clements / Virginia Bull
|
T: 020 7628 2200 |
|
Hybridan LLP (Joint Broker) Claire Noyce
|
T: 020 7947 4350 |
|
Jendens Securities Limited (Joint Broker) Jeremy Read / Justine Waldisberg
|
T: 0203 372 2586 |
|
Bishopsgate Communications Gemma O'Hara / Siobhra Murphy
|
T:0 20 7562 3350 |
Related Shares:
Motive Television Plc