REG - Mobile Streams plc - Direct Subscription, Issue of Equity & TVR

Mobile StreamsAnnouncement

01/08/2024 12:00

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RNS Number : 8273Y  Mobile Streams plc  01 August 2024

 

Mobile Streams plc

1(st) 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 31(st) 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 31(st) 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) (https://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 7(th) 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.

 

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