15 May 2012
Put and Call Option
On 13 April 2012 the Company announced that it was in discussions with CCAN 2005 Inversiones Societarias, S.C.R., S.A. De Regimen Simplificado (“CCAN”) with regard to the Put and Call Option entered into on 15 October 2010 and that it had agreed a standstill with CCAN until 31 May 2012.
This announcement is to advise shareholders that these negotiations have continued and the Company anticipates reaching a favourable resolution regarding the Put and Call Option by the end of May.
A further announcement will be made in due course.
Motive Television has successfully completed its first milestone in its joint venture with Granite Broadcasting Corporation, BCJV LLC (the “JV”), to enable Television Anytime Anywhere over broadcast television to tablet devices. On 20 April 2012, the Company completed the Technical Feasibility Analysis and Business Plan which was approved by the JV.
Throughout the coming weeks discussions will be held with a number of additional broadcasters which may be interested in joining or affiliating with the JV. It is anticipated that technical development will begin in June 2012, leading to a commercial launch in Spring 2013. With 60 million tablets already in use in the US Market (Source: Forrester Research) and an additional 40 million predicted to be sold each year, the Company believes this is a large opportunity.
The project with Sagemcom and Digiturk in Turkey is in the process of debugging and final pre-launch testing. Motive is in discussions with these clients regarding continuing support and maintenance agreements and further product enhancements post-launch.
The Mediaset Premium on Demand platform, powered by Motive’s Television Anytime, continues to grow rapidly and the Company is in discussions with the client regarding continuing support agreements.
The Company remains confident that the CME project, announced in autumn 2011, will begin soon with a commercial launch in early 2013 and is in contract negotiations with that organisation.
Motive Television plc
Michael Pilsworth, Chairman
Leonard M. Fertig, CEO
T: +44 20 7025 8425
Merchant Securities (Nominated Adviser)
Simon Clements / Virginia Bull
T: +44 20 7628 2200
XCAP Securities (Joint Broker)
T: +44 20 7101 7070
First Columbus LLP (Joint Broker)
Chris Crawford/Kelly Gardiner
T: +44 20 3002 2070
Nicholas Nelson / Madeline Douglas
T: +44 20 7367 5100
Chris Plunkett / Mike Smargiassi
T: +1 212 986 6667
T: +44 7774 860011
Notes to Editors
Motive Television provides software and services to the global television industry, enabling Television Anytime Anywhere. Motive’s patented and proprietary technology platform responds to the heightened viewer demand for watching what they want, when they want, on whatever device they want; and is driven by the mandatory switchover from analogue to digital broadcasting as mandated by the International Telecommunication Union.
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:
Television Anytime. A technology platform that enables digital broadcasters and pay television operators to offer enhanced broadcasting services with or without the need for an Internet connection. These services, include, among others, Video-on-Demand, Catch-Up TV, Virtual Channels, Sneak Preview TV, and Targeted Advertising. Television Anytime is currently in commercial operation in Europe both in digital terrestrial (DTT) and soon in satellite (DTH) environments. Patented in Spain and patent pending in the EU.
Television Anywhere. An advanced multi-screen multi-channel technology that allows a viewer to control and watch all the content received by or recorded in their main home television equipment on any computer, mobile phone, iPad or any other Internet connected device. Television Anywhere is software-based and can be updated via software upgrades on existing STB. US patent pending.
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).