TIDMMTV

RNS Number : 4219B

Motive Television PLC

06 October 2015

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                     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/Stephanie Dobbs                T: +44 20 7680 
                                            6559 
 Media PR Europe 
 Gerry Buckland 
                                            T: +44 7774 860011 
 Brainerd Communicators 
 Chris Plunkett/Mike Smargiassi 
                                            T: +1 212 986 
                                            6667

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.

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

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(END) Dow Jones Newswires

October 06, 2015 10:07 ET (14:07 GMT)

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