News blog

Motive Television

• BY: Andrew Hore |
• POSTED: 11/10/2012 |

Mediaset has renewed its contract with digital TV technology developer Motive Television for a further year with unchanged terms.

The share price rose 0.005p to 0.05p a share, valuing Motive TV at £2.52m.

Mediaset’s Premium Play on demand broadcast service was launched at the end of 2009 and Motive TV has recently released version 3 of its Television Anytime technology for use in the service.

Earlier in the year, Motive TV acquired the minority shareholding in the Spanish company that developed its technology.

There was an £880,000 cash outflow in the six months to June 2012. During August, £705,000 was raised at 0.04p a share. Every two shares have a warrant attached to subscribe for an additional share at 0.04p each.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFSeptember2012_36.pdf