27th Jun 2013 07:00
27 June 2013
Motive Television PLC ("Motive" or "the Company")
Trial held in Barcelona on Motive's dispute with CCAN 2005 Inversiones Societarias,
S.C.R., S.A. De Regimen Simplificado ("CCAN").
Court decision expected on Motive's right to acquire shareholding
Motive Television PLC announces that the trial took place yesterday in the First Instance Court of Barcelona regarding the Company's claim to seek enforcement of its right to acquire CCAN's 32.3% shareholding in Motive Television, S.L. for nominal value (€70,116) under the shareholder agreement.
The founders of Adecq Digital S.L. (since renamed Motive Television S.L.), Andre Vanyi Robin and Giuseppe Flores D'Arcais, were called as witnesses by the Company and testified on its behalf.
Following the Trial, it is expected that a judgment may not be handed down until Autumn 2013.
The Company has been advised by its legal advisors that it has a strong case.
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 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 6559
T: +44 7774 860011
T: +1 212 986 6667
|
Notes to Editors
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
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
Related Shares:
Motive Television Plc