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Provider: Thomson Reuters Stock Report

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Motive Television Plc Announces Issue Of Equity

Friday, 13 Sep 2013 02:00am EDT 

Motive Television Plc announced that it has raised, through XCAP Securities PLC, an additional GBP1,000,000, before expenses, through the issue of 5,000,000,000 new ordinary shares of 0.01p each at 0.02p per share (Placing Shares). The proceeds will be used to invest in its Tablet TV businesses in the US and in the UK and in new projects that the Company anticipates will provide additional revenues in the coming months. Application will be made for the Placing Shares to be admitted to trading on AIM. Admission is expected to become effective and dealings are expected to commence on AIM on September 19, 2013. Following the issue of the Placing Shares, the Company will have 23,476,225,847 ordinary shares in issue. 

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