TIDMMTV

RNS Number : 8558O

Motive Television PLC

11 February 2016

 
 
 
 
 TR-1:NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
---------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                      Motive Television PLC 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
-----------------------------------------------------------  --------------------------------- 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
---------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                  x 
------------------------------------------------------------  -------------------------------- 
 An acquisition or disposal of qualifying financial 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
------------------------------------------------------------  -------------------------------- 
 An acquisition or disposal of instruments with 
  similar economic effect to qualifying financial 
  instruments 
------------------------------------------------------------  -------------------------------- 
 An event changing the breakdown of voting rights 
------------------------------------------------------------  -------------------------------- 
 Other (please 
  pecify): 
----------------------------------------------------------    -------------------------------- 
 3. Full name of person(s)                                      Bergen Asset Management, LLC 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  --------------------------------- 
 4. Full name of shareholder(s)                               BNP Paribas Securities Services 
  (if different from 3.):(iv)                                  as custodian for Bergen Global 
                                                                    Opportunity Fund, LP. 
-----------------------------------------------------------  --------------------------------- 
 5. Date of the transaction                                           9 February 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  --------------------------------- 
 6. Date on which issuer                                              11 February 2016 
  notified: 
-----------------------------------------------------------  --------------------------------- 
 7. Threshold(s) that is/are 
  crossed or                                                   27%, 26%, 25%, 24%, 23%, 22%, 
  reached: (vi, vii)                                                      21%, 20%, 
-----------------------------------------------------------  --------------------------------- 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------------ 
 A: Voting rights attached to shares (viii, ix) 
------------------------------------------------------------------------------------------------------------------------------ 
 Class/type   Situation previous                                 Resulting situation after the 
 of            to the triggering                                  triggering transaction 
 shares        transaction 
 
 if 
 possible 
 using 
 the ISIN 
 CODE 
-----------  -------------------------------------------------  -------------------------------------------------------------- 
              Number              Number                         Number      Number of voting         % of voting 
               of                 of                             of           rights                   rights (x) 
               Shares             Voting                         shares 
                                  Rights 
-----------  ------------------  -----------------------------  ----------  -----------------------  ------------------------- 
                                                                 Direct      Direct   Indirect        Direct        Indirect 
                                                                              (xi)     (xii) 
-----------      --------------      -----------  ------------  ----------  -------  --------------  ------------  ----------- 
 
              1,123,800,000       27.82%                                              773,800,000                   19.16% 
-----------  ------------------  -----------------------------  ----------  -------  --------------  ------------  ----------- 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------------ 
 Type of          Expiration          Exercise/                              Number of voting             % of voting 
 financial         date                Conversion                             rights that                  rights 
 instrument        (xiii)              Period (xiv)                           may be 
                                                                              acquired if 
                                                                              the 
                                                                              instrument is 
                                                                              exercised/ converted. 
---------------  ------------------  -------------------------------------  ---------------------------  --------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
------------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------------ 
 Type of        Exercise            Expiration     Exercise/                 Number of voting           % of voting 
 financial       price              date            Conversion                rights instrument          rights (xix, 
 instrument                         (xvii)          period                    refers to                  xx) 
                                                    (xviii) 
-------------  ------------------  -------------  ------------------------  -------------------------  ----------------------- 
                                                                                                        Nominal       Delta 
-------------  ------------------  -------------  ------------------------  -------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------------ 
 Number of voting rights                                           Percentage of voting rights 
----------------------------------------------------------------  ------------------------------------------------------------ 
 773,800,000                                                       19.16% 
----------------------------------------------------------------  ------------------------------------------------------------ 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
----------------------------------------------------------------------------------- 
 
   Bergen Asset Management, LLC is ultimately controlled 
   by Mr. Eugene Tablis 
 
 Proxy Voting: 
----------------------------------------------------------------------------------- 
 10. Name of the proxy holder: 
-------------------------------------------------------------  -------------------- 
 11. Number of voting rights proxy 
  holder will cease 
  to hold: 
-------------------------------------------------------------  -------------------- 
 12. Date on which proxy holder will 
  cease to hold 
  voting rights: 
-------------------------------------------------------------  -------------------- 
 
 
  13. Additional information: 
-------------------------------------------------------------  -------------------- 
 14. Contact name:                                              Cory Burns, CFO/COO 
-------------------------------------------------------------  -------------------- 
 15. Contact telephone number:                                  +1 212 488 2559 
-------------------------------------------------------------  --------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 11, 2016 12:36 ET (17:36 GMT)

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