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Stmnt re Share Price Movement

24th Nov 2014 15:55

RNS Number : 8524X
Motive Television PLC
24 November 2014
 



24 November 2014

 

Motive Television PLC

 

("Motive", "the Company" or "the Group")

 

 

Statement re Share Price Movement

 Motive announces the beginning of pre-orders for Tablet TV in the United States

 

The Directors of Motive note the recent share price movement and bulletin board comments regarding the launch date of Tablet TV. The Company announced on 15 October 2014:

"its 50% owned joint venture, Tablet Television LLC ("TTV"), is launching its marketing campaign in San Francisco, which will run through October and November supporting a product launch in time for Christmas 2014."

As previously indicated, the Company is advancing towards the launch of Tablet TV in the United States and the UK to occur before the end of the year. The Company and its US joint venture partner are currently targeting Friday 28 November 2014 as the opening of online pre-orders in the US.

As announced on 21 May 2012, under the terms of the joint venture arrangements the Motive group will receive license fees based on the number of antenna-tuners distributed plus its share of joint venture profits. At this stage the board is not able to detail the financial impact as the joint venture agreements are being updated.

Additionally, the Company confirms that it is in discussions with its brokers and advisors concerning a possible raise of capital in the near future. It is currently anticipated that the fundraising would be at a discount to the current market price.

A further announcement will be made in due course.

Enquiries:

 

Motive Television plc

Michael Pilsworth, Chairman

Leonard M Fertig, CEO

T: +44 20 7025 8425

Sanlam Securities UK Limited (Nominated Adviser)

Simon Clements / Virginia Bull

T: +44 20 7628 2200

Hume Capital Securities PLC (Broker)

Jon Belliss / Abigail Wayne

T: +44 20 3216 2630

Newgate Communications (Financial PR)

Jason Nisse / Heather Armstrong

T: +44 20 7680 6559

The Buckland Consultancy

Gerry Buckland

T: +44 7774 860011

US: Brainerd Communicators

Chris Plunkett / Mike Smargiassi

T: +1 212 986 6667

 

 

 

Notes to Editors

 

Motive Television provides broadcasters and pay television operators with enabling technology that provides opportunities to deliver highly valued services to viewers that generate additional income and retain existing subscribers, comprising:

 

Content Express

Today's television viewers are demanding the ability to watch whatever they want when they want it on any screen, and Motive's Content Express makes that possible without having to build new networks. Content Express software provides secure delivery and management of non-linear digital content across any type of broadcast network to any consumer-facing screen or device.  Motive has deployed it in both single and hybrid distribution systems that combine broadband access with traditional distribution for an optimal solution.

 

Motive's Content Express solutions platform provides a one-stop shop for digital terrestrial broadcasters, satellite, DTT cable pay television platforms, and Internet OTT content providers to offer new services including: Video on Demand (VOD and SVOD), Catch-up television, Tablet Television, Targeted advertising for VOD, Mocast for 4G LTE, Virtual channels and Video2Go.

 

Tablet TV

With a proprietary app and T-Pod antenna-tuner, tablet owners around the globe can watch and record all the programming currently broadcast over digital terrestrial channels.  Additionally, Tablet TV subscribers have the ability to download a selection of video-on-demand movies and programmes without the need for Internet access and, when they are connected, use integrated social networking and access anything available over the Internet.

 

Motive's content division is:

 

Motive Television Limited, a Dublin-based award-winning independent production company that produces factual programmes for Irish broadcasters. It specializes in live sports production and sports documentaries and also produces factual and entertainment series.

 

Motive Television was founded in London in 2005 and its shares are quoted on the London Stock Exchange (AIM).

 

http://www.motivetelevision.co.uk

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
FTSE 100 Latest
Value8,054.98
Change-419.76