News blog

Motive Television

  • BY: Andrew Hore |
  • POSTED: 06/05/2008 |

Motive Television is raising £668,000 through a placing. 

The cash will be used to buy or set up more TV production companies.

The placing is at 0.7p a share, compared with a market price of 0.83p, down 0.075p. That values the company at £2.41m.

The shares were bought by Motive directors, private investors and Australian TV producer and distributor Beyond International, which has taken a 10% stake for just over £240,000.

ASX-listed Beyond raised A$4.6m at the beginning of May from the sale and leaseback of its property in New South Wales. It said that the cash would be used for strategic acquisitions. Beyond itself was the target of a bid at the end of 2007 because the minimum acceptance levels were not reached.

Beyond closed its feature film business in January 2007 and is concentrating on the TV business. Like Motive, some of Beyond’s TV subsidiaries are joint ventures with their management.

© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds