Motive Television PLC Notice of General Meeting (6130V)
August 10 2015 - 9:32AM
UK Regulatory
TIDMMTV
RNS Number : 6130V
Motive Television PLC
10 August 2015
10 August 2015
Motive Television PLC
("Motive" or the "Company")
Proposed Share Capital Reorganisation
Notice of General Meeting
Motive Television PLC (AIM: MTV) announces that it has today
posted to shareholders notice of a General Meeting of the Company
("Notice of GM"), to be held at 11.00 a.m. on 26 August 2015 at the
offices of Cooley (UK) LLP, Dashwood, 69 Old Broad Street, London,
EC2M 1QS, UK for the purpose of considering and, if thought fit,
passing resolutions pertaining to a reorganisation of the Company's
issued share capital and the subsequent amendment of the Company's
articles of association.
It is intended that the following amendments to the Company's
share capital will take place:
-- that the 22,256,422,122 existing ordinary shares of
GBP0.00005 each in the issued share capital of the Company be
sub-divided into 22,256,422,122 new ordinary shares of GBP0.0000005
each and 22,256,422,122 new deferred C shares of GBP0.0000495 each;
and
-- that, in light of the sub-division of the existing ordinary
shares, the 22,256,422,122 new ordinary shares of GBP.0000005 each
be consolidated into 222,564,221 new ordinary shares of GBP0.00005
each.
These changes will reduce the total number of ordinary shares in
issue as well as give the Company greater flexibility with regards
to any potential transactions, being acquisitions, fundraisings,
or, any other corporate activity.
The full Notice of GM can also be found on the Company's website
at http://www.motivetelevision.co.uk
Enquiries
Motive Television plc T: +44 20 7025
Michael Pilsworth, Chairman 8425
Leonard M Fertig, CEO
Sanlam Securities UK (Nominated Adviser) T: +44 20 7628
Simon Clements / James Thomas 2200
Beaufort Securities Ltd (Company Broker) T: +44 20 7382
Jon Belliss 8300
Newgate Communications
Jason Nisse/Andre Hamlyn T: +44 20 7680
6559
Media PR Europe
Gerry Buckland
T: +44 7774
Brainerd Communicators 860011
Chris Plunkett/Mike Smargiassi
T: +1 212 986
6667
Notes to Editors
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(TM)
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(TM) makes that possible without having to build new
networks. Content Express(TM) 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(TM) 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.
BYOD TV
Motive's BYOD TV solution provides passengers and crew in
maritime environments with access to video-on-demand movies and
television without needing direct access to the Internet or
broadcast signals. Markets for the platform include operators of
passenger ferries, cruise lines, commercial ships, and oil
platforms among others. In addition, BYOD TV has application for
additional markets including passenger airlines, trains, waiting
lounges, etc.
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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