30th Jun 2025 16:30
30 June 2025
Mobile Streams plc
("MOS" or "the Company")
Exercise of Warrants, Total Voting Rights ("TVR") and Extension of Director and PDMR Warrants
Mobile Streams plc, the AIM quoted mobile content and data intelligence company, is pleased to announce the exercise of warrants by investors.
A total of 205,000,000 warrants have been exercised at 0.039p per share, 9,142,857 warrants have been exercised at 0.15p per share and 103,288,889 warrants have been exercised at 0.3p per share, resulting in proceeds received of £403,531.
A total of 1,185,470,536 Ordinary Shares have now been issued pursuant to the exercise of warrants at 0.15p per share under the Block Listing Application announced on 3 October 2024, amounting to 94% of the 0.15p warrants under the Block Listing Application.
Application will be made to the London Stock Exchange for admission of the 205,000,000 Ordinary Shares resulting from the issue of the 0.039p warrants and 103,288,889 Ordinary Shares resulting from the issue of the 0.3p warrants that were not covered by the Block Listing Application, on resumption of trading on AIM in due course, either in conjunction with the completion of the RTO as announced on 31 March 2025 or otherwise.
Total Voting Rights
Following the issue of the Ordinary Shares as described above, the Company's issued share capital consists of 10,269,259,735 ordinary shares with a nominal value of 0.01p each, with voting rights. The Company does not hold any Ordinary Shares in Treasury.
Therefore, the above figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
Extension of Director, PDMR and Commercial Partner Warrants
Mobile Streams plc, the AIM quoted mobile content and data intelligence company, announces the extension of the expiry of warrants held by certain Directors, PDMRs (Persons Discharging Management Responsibilities) and certain commercial partners.
Although the proposed acquisition of Estadio Gana was announced on 31 March, the Directors, PDMRs and certain commercial partners are engaged in additional discussions which may or may not lead to the Company working with a number of well-known global brands which may work with the Company to access our platforms and audience reach in Mexico.
As a result, it is considered that these Directors, PDMRs and commercial partners are precluded from dealing under the Company's Share Dealing Policy and therefore not currently in a position to exercise their warrants. As detailed below, Directors and management hold a total of 18,449,934 warrants at 0.3p and 172,823,810 warrants at 0.15p, representing a total of 191,273,744 being 1.86% of the Company's issued share capital. The commercial partners hold a total of 591,008,566 warrants at 0.15p.
0.15p | 0.30p | ||
Mark Epstein | CEO, Director | 35,714,286 | 6,149,978 |
John Barker | Chairman, Director | 29,966,666 | |
Thomas Gutteridge | PDMR | 35,714,286 | 6,149,978 |
Nigel Burton | PDMR | 71,428,572 | 6,149,978 |
Total |
| 172,823,810 | 18,449,934 |
It has therefore been decided to extend the expiry of these warrants until the later of 31 December 2025, or the date 3 months following resumption in trading of the Company's shares.
Noting that Mark Epstein, John Barker and Thomas Gutteridge are directors of the Company and/ or its subsidiaries the extension of the warrant exercise date (the "Transaction") is a Related Party Transaction under AIM Rule 13. Accordingly, the independent directors, being Rama Uthayanan and Stefano Loreti, having consulted with the Company's nominated adviser, Beaumont Cornish Limited, consider the terms of the Transaction to be fair and reasonable insofar as shareholders are concerned.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulations (EU) No. 596/2014, as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018. Upon publication of this announcement, this inside information is now considered to be in the public domain.
For further information, please contact:
Mobile Streams plc
John Barker, Chairman
+44 7711 920865
www.mobilestreams.com
Beaumont Cornish (Nominated Adviser)
James Biddle and Roland Cornish
+44 (0) 20 7628 3396
Peterhouse Capital Limited (Broker)
Lucy Williams and Duncan Vasey
+44 (0) 20 7469 0930
Nominated Adviser Statement
Beaumont Cornish Limited ("Beaumont Cornish"), is the Company's Nominated Adviser and is authorised and regulated in the United Kingdom by the Financial Conduct Authority. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in the announcement or any matter referred to in it.
Related Shares:
Mobile Streams