27th Aug 2013 16:15
27 August 2013
Motive Television PLC
("Motive" or 'the Company")
Statement re share price movement
The Directors of Motive note the recent increase in the trading volumes, Company's share price and the bulletin board speculation and confirm that they are not aware of any reason for such a movement. Specifically, the Board confirms that the Company has not entered into a contract with Google Chromecast nor is it in negotiations to enter into such a contract.
However, the Company continues to be in negotiations with a number of parties, in line with its previous trading statements. These negotiations are at various different stages of development and may or may not lead to the entry into contracts, which will be announced to the market if and when they occur. The nature of these contracts, if concluded, typically comprise an upfront payment with ongoing royalties calculated on units sold.
Enquiries:
Motive Television plc Michael Pilsworth, Chairman Leonard M Fertig, CEO
| T: +44 20 7025 8425
|
Sanlam Securities UK (Nominated Adviser) Simon Clements / Virginia Bull
| T: +44 20 7628 2200
|
XCAP Securities (Company Broker) Jon Belliss
| T: +44 20 7101 7070 |
Newgate Communications Jason Nisse/Stephanie Dobbs
Media PR Europe Gerry Buckland
Brainerd Communicators Chris Plunkett / Mike Smargiassi
|
T: +44 20 7680 6550
T: +44 7774 860011
T: +1 212 986 6667
|
Motive Television is the developer and integrator of innovative patented software solutions for the television industry that enable our clients to offer on-demand content over any network to any device. We have the knowhow and ability to customize our software to work with existing networks, saving our clients substantial expenditures. Our customers are broadcasters, satellite platforms, cable operators, and telecoms.
Motive's patented and proprietary solutions include:
Television Anytime Anywhere: Video-on-demand and place shifting for the broadcasting and pay television industry
Tablet TV: Viewing and being able to record digital terrestrial TV directly to tablets and smartphones
Mocast: Enabling managed downloads of IP delivered content in 4G LTE wireless systems
Related Shares:
Motive Television Plc