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Motive Television - Notice of intention to appoint Administrators

RNS Number : 8807P
Motive Television PLC
23 February 2016
 

 

23 February 2016

 

Motive Television PLC

("Motive" or the "Company")

 

Notice of intention to appoint Administrators

 

The Company announces that it has today filed at court a notice of intention to appoint administrators.

 

The Board has been reviewing its options in order to minimise the financial uncertainty surrounding the Company. While the Board continues to explore these options, the Company has filed a notice of intention to appoint Andrew Hosking, Carl Jackson and Simon Bonney of Quantuma LLP, Vernon House, 23 Sicilian Avenue, London WC1A 2QS as administrators of the Company to assist the directors in this regard and to protect the interests of creditors.

 

The suspension to trading in Motive's shares, as announced on 15 February 2016, remains effective.

 

Further announcements will be made in due course.

 

 

Enquiries:

 

Motive Television plc                                    T: +44 20 7025 8425

Michael Pilsworth, Chairman

Leonard M. Fertig, CEO

 

 





 


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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