REG - Mobile Streams plc - Capital Media Sports (Estadio) purchase

Mobile StreamsAnnouncement

20/03/2025 13:00

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RNS Number : 5181B  Mobile Streams plc  20 March 2025

20(h) March 2025

 

Mobile Streams plc

("MOS" or "the Company")

 

Capital Media Sports (Estadio) purchase

 

Mobile Streams Plc (MOS) is very pleased to announce it has agreed terms to
purchase up to 90% of Capital Media Sports ("CMS"), the owner of the Estadio
media business. www.estadiodeportes.mx (http://www.estadiodeportes.mx) . MOS
currently owns 10% of CMS having originally invested in December 2023 and has
agreed to purchase an additional 12.50% immediately with a call option to
acquire a further 67.50%. which, if called, would bring the Company's total
holding in Capital Media Sports to 90%. The remaining 10% would be retained by
Capital Media. Under the binding Term Sheet, 100% of CMS is valued at USD $3
million for the 12.50% purchase and at USD$5 million in respect of the option
over the additional 67.50% should the call option be exercised; the latter
which would be paid in MOS shares set at the MOS closing market price on the
18(th) of March 2025.

Capital Media Sports also owns 18.08% of the Mexican betting company, Bet, in
which the Company has an existing 25.87% interest. The extra 12.5% of Capital
Media Sports would give MOS a new total holding of 29.94% of the betting
entity. If the call option was exercised this would take the MOS holding to
42.12%.

Estadio has grown significantly since its re-launch early last year; it is
revenue generating and has grown in line with expectations. Its brand is
licensed for use in the Company's Mexican betting investment that will be
going live to the general public imminently and MOS believes its increased
ownership and control of the Estadio media brand is of significant strategic
importance. It also strengthens our relationship with Capital Media Group as
we continue to look for further opportunities to work together.

Under the binding Term Sheet, the Company's wholly owned subsidiary, Stream
Data Limited ("Streams") has agreed to acquire an additional 12.5% interest in
CMS for a total of USD 375,000 in cash, payable in 3 monthly amounts by 30
August 2025 to be funded from the Company's existing cash resources. The
additional 67.5% can be acquired for shares in MOS as detailed above via a 12
month call option at a price valuing 100% of CMS at USD5 million. The vendors,
being Capital Media and Framarvic, S.A de C.V, have agreed to a 1 year lock-in
in respect of 85% of their consideration shares should the Company exercise
the call option. Whilst the Term Sheet is binding on the parties completion is
conditional on documentation being agreed and (if any) regulatory approvals.

 

Mark Epstein CEO of Mobile Streams said:

"We are extremely pleased to have agreed terms to increase our investment with
the option of taking  control of Capital Media Sports and through it the
Estadio media brand. We have big plans to grow both the brand and the betting
business, and this deal gives us this opportunity whilst we continue to work
very closely with our partners at Capital Media".

 

Anuar Maccise Uribe CEO Capital Media Group:

"We are delighted to have agreed terms with Mobile Streams and deepened our
partnership with them. We are looking forward to working more closely with MOS
to grow and build Estadio and explore additional opportunities together."

 

 

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

 

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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