Motive Television PLC Nomad Resignation (5508N)
01 2월 2016 - 4:00PM
UK Regulatory
TIDMMTV
RNS Number : 5508N
Motive Television PLC
01 February 2016
1 February 2016
Motive Television PLC
("Motive" or the "Company")
Nomad Resignation
Motive announces that it was served notice of Sanlam Securities
UK Limited's ("Sanlam") intention to cease its nominated adviser
and small cap broking activities in late 2015. Consequently, Sanlam
will cease to be the Company's nominated adviser on 14 February
2016.
The Company is in discussion with several replacement nominated
advisers and hopes to announce a replacement shortly.
However, if the Company fails to appoint a replacement nominated
adviser within one month of the date of Sanlam's resignation,
admission of the Company's shares to trading on AIM will be
cancelled.
Chairman Michael Pilsworth said: "It is unfortunate timing that
following the agreement by the company's CLN holders to extend the
maturity date of the CLNs and the recent progress in the Company's
trading activities Sanlam has decided to cease its Nomad activities
and give us notice. We are in active discussions with a number of
potential replacement Nominated Advisers and are confident that one
will be appointed shortly."
Enquiries:
Motive Television plc T: +44 20 7025 8425
Michael Pilsworth, Chairman
Leonard M Fertig, CEO
Sanlam Securities UK (Nominated T: +44 20 7628 2200
Adviser)
Simon Clements / James
Thomas
Beaufort Securities T: +44 20 7382 8300
Jon Belliss
Newgate Communications T: +44 20 7680 6559
Jason Nisse/Andre Hamlyn
Media PR Europe T: +44 7774 860011
Gerry Buckland
Brainerd Communicators T: +1 212 986 6667
Chris Plunkett / Mike Smargiassi
Notes to Editors:
Motive Television was founded in London in 2005 and its shares
are quoted on the London Stock Exchange (AIM).
http://www.motivetelevision.co.uk
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.
TabletTV(TM)
With a proprietary app and TPod 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(TM)
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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February 01, 2016 02:00 ET (07:00 GMT)
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