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viewMotive Television Plc

Motive Television - Further re. Convertible Loan Notes

RNS Number : 6673P
Motive Television PLC
22 February 2016
 

 

22 February 2016

 

Motive Television PLC

("Motive" or the "Company")

 

Further re. Convertible Loan Notes ("CLNs")

 

 

Convertible Loan Notes

 

On 20 January the Company announced that the largest CLN holder had agreed to vary the terms of the previously announced deal and extend the completion date until 19 February 2016. Consequently, the Company was required to pay £150,000 plus £28,200 in legal fees in cash in order to acquire the £1,393,795 of CLNs held by the largest holder. The Company has been unable to meet this requirement and accordingly the CLNs have not been acquired.

 

 

Enquiries:

 

Motive Television plc

Michael Pilsworth, Chairman

Leonard M Fertig, CEO

 

T: +44 20 7025 8425

 

Beaufort Securities

Jon Belliss

T: +44 20 7382 8300





 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Quick facts: Motive Television Plc

Price: -

Market: AIM
Market Cap: -
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