27th Nov 2019 10:43
(Alliance News) - Mobile Streams PLC shares climbed sharply on Wednesday after it appointed a new nominated advisor and was re-admitted to trading on London's AIM market.
Previous nomad N+1 Singer Advisory LLP resigned near the end of September, resulting in the suspension of the mobile content distributor's shares.
Beaumont Cornish Ltd has been appointed as the new nomad, meaning the suspension is now lifted. Mobile Streams' shares were up 22% to 0.18 pence in morning trade.
Earlier in the month, Mobile Streams announced a GBP250,000 share placing, which will be used for working capital.
The company also proposed to issue settlement shares to its chief executive, Simon Buckingham. This transaction has been approved by the nomad, and the shares have now been issued.
By Anna Farley; annafarley@alliancenews.com
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