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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