6th Oct 2015 15:07
Motive Television PLC
("Motive" or 'the Company")
Result of Motive's legal action in the Court of Appeal in Barcelona
Company to launch an appeal to the Supreme Court
Motive announces that the Court of Appeal in Barcelona has decided against the Company in its legal action to appeal the judgment of the Court of First Instance in Barcelona in the case of Motive Television PLC vs HISCAN PATRIMONIO S.A.U. ("HISCAN", the successor to CCAN 2005 INVERSIONES SOCIETARIAS S.A.U. and now part of Spanish bank Caixa Bank S.A.), the minority holder.
The Company's legal advice continues to be that the decision by the Court of Appeal in Barcelona is seriously flawed and so it intends to file an Appeal against this decision to the Spanish Supreme Court before 3 November 2015. A decision on whether the appeal would be heard by the Spanish Supreme Court is expected to take between three and six months. If successful, an appeal to the Supreme Court is estimated to take four to five years to be heard. In the meantime negotiations with HISCAN to settle the case out of court will continue.
Motive Television plc Michael Pilsworth, Chairman Leonard M Fertig, CEO
| T: +44 20 7025 8425
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Sanlam Securities UK (Nominated Adviser) Simon Clements / James Thomas
| T: +44 20 7628 2200
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Beaufort Securities Ltd (Company Broker) Jon Belliss
| T: +44 20 7382 8300 |
Newgate Communications Jason Nisse/Stephanie Dobbs
Media PR Europe Gerry Buckland
Brainerd Communicators Chris Plunkett/Mike Smargiassi
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T: +44 20 7680 6559
T: +44 7774 860011
T: +1 212 986 6667
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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
Related Shares:
Motive Television Plc