REG - Mobile Streams plc - Block Listing Application

Mobile StreamsAnnouncement

03/10/2024 07:00

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RNS Number : 8021G  Mobile Streams plc  03 October 2024

3 October 2024

 

Mobile Streams plc

("MOS" or "the Company")

 

Block Listing Application

 

Mobile Streams plc, the AIM quoted mobile content and data intelligence
company, has today applied for the block listing of up to a total of
1,526,823,193 new Ordinary Shares of 0.01p each ("Ordinary Shares"). This
figure is 20% of the currently issued share capital, and in accordance with
the block listing process under Rule 29 of the AIM Rules would cover the
potential exercise of approximately 45% of the currently outstanding Warrants
(as further detailed below).

 

The Ordinary Shares subject to the block admission will not be allotted
immediately, but rather will be issued and allotted on exercise of the
Warrants from time to time. On issue, these new Ordinary Shares will be issued
as fully paid and will rank pari passu in all respects with the existing
Ordinary Shares of the Company.

 

The Company will announce the number of any Ordinary Shares issued and
admitted under the block listing at the end of each calendar month. The
earliest expected effective date of admission of any of these securities to
AIM is 9 October 2024.

 

The Warrants outstanding are shown in the table below.

 

 Issued                            Exercise price  Number         Expiry
 12 October 2022                   0.3p            777,777,777    30 June 2025
 15 January 2024 to 22 March 2024  0.15p           2,008,540,069  30 June 2025
 31 July 2024 to 14 August 2024    0.039p          605,000,000    30 June 2025

 

The total warrants outstanding exceed the block listing total of 1,526,823,193
new Ordinary Shares. The Company currently expects that investors will
exercise a mixture of the 0.039p and 0.15p warrants, therefore the warrants
covered by this block listing are as shown below.

 

 Issued                            Exercise price  Number         Expiry
 15 January 2024 to 22 March 2024  0.15p           1,256,823,193  30 June 2025
 31 July 2024 to 14 August 2024    0.039p          270,000,000    30 June 2025

 

 

Should investors seek to exercise more warrants above this limit, the Company
will either apply for a further block listing or issue new Ordinary Shares
without a block listing.

 

The Company also announces that under the previous Block Listing as announced
on 4 October 2021 the Company issued a total of 144,291,666 Ordinary Shares
(out of a total application for up to 484,768,300 new Ordinary Shares) and
given that the Warrants to which this application related have now all lapsed,
the Block Listing in respect of the remaining 340,476,634 Ordinary Shares
outstanding has been cancelled.

 

For further information, please contact:

 

Mobile Streams plc

Nigel Burton, Adviser

+44 77 8523 4447

www.mobilestreams.com
(file:///C:/Users/Nigel/AppData/Local/Microsoft/Windows/INetCache/Content.Outlook/VGARX936/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

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.

 

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