Motive Television PLC Holding(s) in Company (5634H)

TIDMMTV

RNS Number : 5634H

Motive Television PLC

16 March 2015

 
 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 
  specify): 
----------------------------------------------------------    -------------------------------- 
 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                                            12 March 2015 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  --------------------------------- 
 6. Date on which issuer                                               16 March 2015 
  notified: 
-----------------------------------------------------------  --------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                        13% 
-----------------------------------------------------------  --------------------------------- 
 
 
 
 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) 
-----------      -------------------      -----------  ------------  ---------  -------  --------------  ------------  ----------- 
 
              1,424,066,667 
              (on a 
              post-consolidation 
              basis)                   13.93%                                             1,272,000,000                 12.45% 
-----------  -----------------------  -----------------------------  ---------  -------  --------------  ------------  ----------- 
 
 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 
---------------------------------------------------------------------  ----------------------------------------------------------- 
 
   1,272,000,000                                                        12.45% 
---------------------------------------------------------------------  ----------------------------------------------------------- 
 
 
 
 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:                                  [phone] 
-------------------------------------------------------------  -------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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