20th Sep 2010 07:00
20 September 2010
Motive Television PLC
("Motive" or "the Company")
Statement re: Press and bulletin board speculation
The Board notes the recent press and bulletin board speculation regarding the Company's announcement dated 17 September 2010 relating to its proposed acquisition of Adecq Digital S.L. and its recent fundraising. The Board confirms that the Company has raised £4.75 million through a subscription for £4,750,000 nominal of convertible loan notes and 71,250,000 subscription warrants with institutional clients of Jendens Securities Limited. The subscription is conditional on shareholders approval at the Company's general meeting scheduled to take place at 10.00am on 4 October 2010, upon completion of the acquisition and Admission to trading on AIM.
Contact:
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Motive Television plc Mick Pilsworth
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T: 020 3080 9430 |
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Merchant Securities Limited (Nominated Adviser) Simon Clements / Virginia Bull
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T: 020 7628 2200 |
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Hybridan LLP (Joint Broker) Claire Noyce
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T: 020 7947 4350 |
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Jendens Securities Limited (Joint Broker) Jeremy Read / Justine Waldisberg
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T: 0203 372 2586 |
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Bishopsgate Communications Gemma O'Hara / Siobhra Murphy
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T:0 20 7562 3350 |
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Motive Television Plc