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Statement re Share Price Movement

27th Aug 2013 16:15

RNS Number : 5730M
Motive Television PLC
27 August 2013
 



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

 

 

 

 

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

Motive Television Plc
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