Mobile Streams plc Issue of share options to Director and PDMRs (9207X)
28 Abril 2023 - 7:52AM
UK Regulatory
TIDMMOS
RNS Number : 9207X
Mobile Streams plc
28 April 2023
28 April 2023
Mobile Streams plc
("MOS" or "the Company")
Issue of share options to Director and PDMRs
Mobile Streams plc, the AIM quoted mobile content and data
intelligence company, announces the award of share options to a
Director and several senior employees.
The Company's remuneration committee has reviewed the
remuneration of the Directors and senior executives and noted that
these are significantly below market norms for their current roles,
and that they have not received cash bonuses.
To provide suitable incentives to the senior executives without
increasing the cash burn the Company has granted share options to
each of Mark Epstein, Tom Gutteridge and three senior employees,
exercisable at the closing market price of 0.11p on 27 April 2023.
This marks the first award of options since the senior management
team joined the Company in 2019.
The vesting conditions for these share options are based on the
volume weighted share price reaching 0.3p measured over any 10
consecutive business days. Subject to having met this target, 50%
of the Options will vest and become exercisable after the 12-month
anniversary of grant; the remaining 50% shall vest and become
exercisable on the 24-month anniversary of grant. The Op ti ons
will have a 10 year life from the date of grant and are subject to
good and bad leaver provisions. The Op ti ons are approved options
granted under the Company's exis ti ng share op ti on scheme.
Following the grant of the Op ti ons, the total number of
ordinary shares under op ti on is 344,501,000 ordinary shares
representing 7.9% of the Company's current issued ordinary share
capital. The 100 million options awarded to Mark Epstein, a
director, represents 2.2% of the Company's current issued ordinary
share capital.
The options have been granted as follows:
Name Role Options
Mark Epstein CEO, Director 100,000,000
------------------------------------ ----------------------
Chief Operating
Tom Gutteridge Officer 100,000,000
------------------------------------ ----------------------
Nigel Burton Adviser 100,000,000
------------------------------------ ----------------------
Tom Bath Head of global marketing 20,000,000
------------------------------------ ----------------------
Rafel Wojenka Technical lead 20,000,000
------------------------------------ ----------------------
Total 340,000,000
--------------------------------------------------------------- ----------------------
The information contained within this announcement is deemed by
the Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK
domestic law by virtue of the European Union (Withdrawal) Act 2018.
Upon the publication of this announcement via the Regulatory
Information Service, this inside information is now considered to
be in the public domain.
About Mobile Streams
Mobile Streams delivers world class gaming content to a global
audience, through its LiveScores and mobilegaming.com platforms,
our long-standing carrier relationships in countries including
India, Argentina and Mexico, and through our
https://heroesnftclub.com/ site.
Our Streams data insight, intelligence and visualisation
services and marketing optimisation tools support the content
business, as well as serving enterprise level bespoke clients and
the Streams SaaS ("Software as a Service") self-service platform.
Our strategy is to deliver next-generation content including
gaming, Esports and related NFTs to a global audience.
For further information, please contact:
Mobile Streams plc
Nigel Burton, Adviser
+44 77 8523 4447
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
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END
DSHSEUFEAEDSELL
(END) Dow Jones Newswires
April 28, 2023 08:52 ET (12:52 GMT)
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