Mobile Streams plc
1st August 2024
Mobile Streams
plc
("MOS" or
"the Company")
Direct Subscription, Issue of
Equity & TVR
Details of the Direct Subscription
Mobile Streams plc, the AIM quoted
mobile content and data intelligence company, is pleased to
announce the successful completion of a direct subscription (the
"Subscription") to a single institutional investor, Icam &
Partners SA, arranged by the Company to raise £471,900 to support
the continuing growth of the Group.
A total of 1,210,000,000 ordinary
shares of 0.01p nominal value each ("Subscription Shares") have
been placed conditional only on Admission and settlement with a
single investor at 0.039p per share. The subscription price
represents a discount of 8.2% to the Closing Mid-Market price on
31st July 2024 of 0.0425p.
Each Placing share will
rank pari
passu with existing Ordinary Shares and will be issued
with one warrant per two Placing shares (for a total of 605,000,000
warrants) to subscribe for one Ordinary Share exercisable at 0.039p
per share for a twelve month period ending on 31st July
2025.
The Subscription Shares represent
approximately 15.85% of the enlarged issued share capital of the
Company and together with the attached warrants, would represent
approximately 27.36% of the diluted issued share capital (assuming
no other warrants or options are exercised).
Icam & Partners SA
(Independent Capital Advisory and Management |
ICAM & Partners SA (icamsa.ch)) is a Swiss regulated investment manager and are investing in
MOS as principal.
Admission to trading
Application will be made to the London
Stock Exchange for admission of the Subscription Shares totalling
1,210,000,000 Ordinary Shares to trading on AIM. It is expected
that admission will become effective and dealings in the
Subscription Shares will commence at 8.00 a.m. on or around the
7th August 2024.
Total
Voting Rights
Following the issue of the
Subscription Shares as described above, the Company's issued share
capital consists of 7,634,115,963 ordinary shares with a nominal
value of 0.01p each, with voting rights ("Ordinary Shares"). 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.
Mark
Epstein, CEO Mobile Streams plc, said:
"We
are pleased by the interest shown to invest in our expansion into
publishing and online casino and sports book services in Mexico.
This additional capital will further assist the Company in
achieving its aims and assist in our drive to breakeven. It is the
intention to use these funds to design, code and deliver additional
functionality onto Mobile Streams existing suite of platforms to
drive new revenue streams that align with the launch of our
investments in Mexico."
The
information contained within this announcement is deemed by the
Company to constitute inside information for the purposes of
Article 7 of 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 is a global sports
entertainment group specialising in Igaming, licensing and
platforms. Delivering world class gaming content to a global
audience, through its https://heroesnftclub.com/ site and
mobilegaming.com platforms, our long-standing carrier relationships
in countries including India, Argentina and Mexico, and through our
LiveScores sites. The Company has a significant Mexican presence in
publishing, digital merchandise and it's soon to launch online
casino and sports book services.
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.
For further information, please
contact:
Mobile Streams plc
Nigel Burton
+44 77 8523 4447
Mark Epstein
marke@mobilestreams.com
www.mobilestreams.com
Beaumont Cornish (Nominated
Adviser)
James Biddle and Roland
Cornish
+44 (0) 20 7628 3396
Peterhouse Capital Limited (Joint
Broker)
Lucy Williams and Duncan
Vasey
+44 (0) 20 7469 0930
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's
Nominated Adviser and is authorised and regulated by the FCA.
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 this announcement or any
matter referred to in it.