REG - Mobile Streams plc - Acquisition of Estadio Gana and suspension on AIM

Mobile StreamsAnnouncement

31/03/2025 07:15

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RNS Number : 8106C  Mobile Streams plc  31 March 2025

31(st) March 2025

 

Mobile Streams plc

("MOS" or "the Company")

 

Acquisition of Estadio Gana

Suspension of the shares on AIM

 

 

Mobile Streams plc, the AIM quoted mobile content and data intelligence
company, is excited to announce that it has entered into a Term Sheet with
Estadio Gana to acquire 74.13% of the company, thereby taking its interest to
100%. The transaction is payable in MOS shares at the closing price on 27
March 2025 (the "Proposed Transaction").

The valuation for Estadio Gana has been agreed at £62.8m following its recent
launch.

Whilst the Term Sheet is conditional on, amongst other matters, MOS's due
diligence and compliance with the relevant regulatory requirements, the terms
and conditions set forth within the Term Sheet are binding on Estadio Gana.

 

This potential acquisition represents the cornerstone of the Company's aim to
create a

world class leading integrated sports, media and entertainment conglomerate
focused on

the Latin American region, and particularly the Mexican market. This will span
and bring

together various media, entertainment, technology and IGaming businesses. It
intends to

work on this over the coming months.

 

MOS is looking forward to bringing together Estadio Gana (EG) and Capital
Media Sports (CMS) and if possible other business into the Mobile Streams
umbrella to create a fast-

growing world class, sports, media and entertainment business. The CMS deal
was announced by RNS on the 20(th) March.

 

Our excitement is driven by independent data that suggests that Mexico's
sports betting and gaming industry is projected to reach an impressive market
size of US$11.47 billion by the end of 2025 according to Yogonet Gaming News.
Further growth is expected, and the market is expected to surge by up to a
further 70% by 2028. Mexico is also set to co-host the FIFA World Cup in 2026,
leaving the industry primed for exponential expansion.

 

The Proposed Transaction, if completed, would constitute a reverse takeover
under the AIM Rules and accordingly the Company would need to apply for
re-admission of its shares to the AIM Market ("AIM") of the London Stock
Exchange following approval of the Proposed Transaction by MOS's Shareholders
at an EGM.

 

As the Company is currently unable to provide a full disclosure under the AIM
Rules, trading in the Company's listing in its ordinary shares on AIM and
trading from the London Stock Exchange ("LSE") will be suspended with effect
from 7.30am this morning pending publication of the Admission Document or an
announcement that the Proposed Transaction is not proceeding.

 

There can be no certainty that the Proposed Transaction will take place and
the Company will continue to update shareholders in due course. Furthermore,
the Company will need to raise additional funds to fund the cost of the
Proposed Transaction and therefore, whilst the Company is confident this can
be achieved shortly, there can be no guarantee. While the Company will seek
to publish the Admission Document as soon as possible, the timing of this
cannot yet be accurately forecast.

 

 

 

Mark Epstein, CEO, said:

"We are excited and extremely pleased to announce our intended acquisition of
Estadio Gana. This along with acquiring a controlling stake in Capital Media
Sports and other possible businesses will enable us to form a sports media and
entertainment conglomerate with the ambition to span Latin America. Our
initial focus is on taking a leading position in the fast-growing Mexican
market, but our ambitions are significant as we look to grow across the LATAM
region. Simply put we want to create a world class sports, media and
entertainment business."

 

 

 

 

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 920 865

www.mobilestreams.com (http://www.mobilestreams.com)

 

Beaumont Cornish (Nominated Adviser)

James Biddle and Roland Cornish

+44 (0) 20 7628 3396

Peterhouse Capital Limited (Broker)

Lucy Williams, Duncan Vasey and Eran Zucker

+44 (0) 20 7469 0930

 

 

Beaumont Cornish Limited, which is authorised and regulated in the United
Kingdom by the Financial Conduct Authority, is acting as nominated adviser to
the Company in relation to the matters referred herein. Beaumont Cornish
Limited is acting exclusively for the Company and for no one else in relation
to the matters described in this announcement and is not advising any other
person and accordingly will not be responsible to anyone other than the
Company for providing the protections afforded to clients of Beaumont Cornish
Limited, or for providing advice in relation to the contents of this
announcement or any matter referred to in it.

 

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