Motive Television completes TCA loan repayment

Motive Television (LON:MTV) has repaid the loan from TCA Global Master Fund entered into in December 2012.

The software and services to the global television industry said it had issued 256.1mln shares to TCA in accordance with the terms of the loan agreement and committed equity facility.

The share issue completes all of the obligations to TCA in relation to the loan advanced to the company in December 2012, MTV said.

Following the issue of the shares, Motive will have 28.9bn shares in issue.