28 February 2012
Motive Television PLC (AIM: MTV), the digital television technology, software and services provider, announces that it has issued, conditional on admission, 84,063,920 ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares"). The Ordinary Shares have been issued to Mr Andre Vanyi-Robinin accordance with the terms of the Sale and Purchase agreement dated 25 October 2010 and forms part of the consideration due to the vendors of Adecq Digital S.L..
Application has been made for the 84,063,920 Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 2 March 2012. Following the issue of these shares, the Company will have 2,735,601,763 Ordinary Shares in issue.
Motive Television plc
Michael Pilsworth, Chairman
T: +44 20 7025 8425
Merchant Securities (Nominated Adviser)
Simon Clements / Virginia Bull
T: +44 20 7628 2200
XCAP Securities (Broker)
Jon Bellis / John Grant
T: +44 20 7101 7070
Chris Lane / Alice Coubrough
T: +44 20 7367 5100
T: +44 7774 860 011
Brainerd (USA), Mike Smargiassi
T: +1 212 986 6667
Notes to Editors
Motive Television provides digital television technology and services globally, enabling Television Anytime Anywhere. The market is driven by heightened consumer demand coupled with the mandatory switchover from analogue to digital broadcasting that, as mandated by the International Telecommunication Union, will come into full effect by 2015.
Motive Television provides broadcasters and platform operators with new sources of income and business models via its technologies:
Television Anytime is a technology that permits and enables broadcasters and platform operators to offer enhanced broadcasting services without the need for the Internet. Broadcasters can earn additional income through these services, including Catch-Up TV, Virtual Channels, Video-on-Demand and Targeted Advertising. Television Anytime is currently in commercial operation in Italy and successful tests have been carried out in the Czech Republic and Hungary.
Television Anywhere is an advanced multi-screen and place-changing television technology that allows a viewer to interact, control and watch their Internet-connected home television from a computer, mobile phone, iPad or any other Internet connected device. Television Anywhere is software orientated, does not require an additional box, and can be updated via software upgrades. US patent pending.
Motive Television was founded in London in 2005 and its shares are quoted on the London Stock Exchange (AIM).