REG - Mobile Streams plc - Exercise of Warrants & Total Voting Rights (“TVR”)

Mobile StreamsAnnouncement

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RNS Number : 0370P  Mobile Streams plc  30 June 2025

30 June 2025

 

Mobile Streams plc

("MOS" or "the Company")

 

 

Exercise of Warrants, Total Voting Rights ("TVR") and Extension of Director
and PDMR Warrants

 

Mobile Streams plc, the AIM quoted mobile content and data intelligence
company, is pleased to announce the exercise of warrants by investors.

 

A total of 205,000,000 warrants have been exercised at 0.039p per share,
9,142,857 warrants have been exercised at 0.15p per share and 103,288,889
warrants have been exercised at 0.3p per share, resulting in proceeds received
of £403,531.

 

A total of 1,185,470,536 Ordinary Shares have now been issued pursuant to the
exercise of warrants at 0.15p per share under the Block Listing Application
announced on 3 October 2024, amounting to 94% of the 0.15p warrants under the
Block Listing Application.

 

Application will be made to the London Stock Exchange for admission of the
205,000,000 Ordinary Shares resulting from the issue of the 0.039p warrants
and 103,288,889 Ordinary Shares resulting from the issue of the 0.3p warrants
that were not covered by the Block Listing Application, on resumption of
trading on AIM in due course, either in conjunction with the completion of the
RTO as announced on 31 March 2025 or otherwise.

 

Total Voting Rights

Following the issue of the Ordinary Shares as described above, the Company's
issued share capital consists of 10,269,259,735 ordinary shares with a nominal
value of 0.01p each, with voting rights. 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.

Extension of Director, PDMR and Commercial Partner Warrants

Mobile Streams plc, the AIM quoted mobile content and data intelligence
company, announces the extension of the expiry of warrants held by certain
Directors, PDMRs (Persons Discharging Management Responsibilities) and certain
commercial partners.

 

Although the proposed acquisition of Estadio Gana was announced on 31 March,
the Directors, PDMRs and certain commercial partners are engaged in additional
discussions which may or may not lead to the Company working with a number of
well-known global brands which may work with the Company to access our
platforms and audience reach in Mexico.

As a result, it is considered that these Directors, PDMRs and commercial
partners are precluded from dealing under the Company's Share Dealing Policy
and therefore not currently in a position to exercise their warrants. As
detailed below, Directors and management hold a total of 18,449,934 warrants
at 0.3p and 172,823,810 warrants at 0.15p, representing a total of 191,273,744
being 1.86% of the Company's issued share capital.  The commercial partners
hold a total of 591,008,566 warrants at 0.15p.

 

                                                                       0.15p                                                     0.30p
 Mark Epstein       CEO, Director       35,714,286                                                          6,149,978
 John Barker        Chairman, Director  29,966,666
 Thomas Gutteridge  PDMR                35,714,286                                                          6,149,978
 Nigel Burton       PDMR                71,428,572                                                          6,149,978
 Total                                  172,823,810                                                         18,449,934

 

It has therefore been decided to extend the expiry of these warrants until the
later of 31 December 2025, or the date 3 months following resumption in
trading of the Company's shares.

 

Noting that Mark Epstein, John Barker and Thomas Gutteridge are directors of
the Company and/ or its subsidiaries the extension of the warrant exercise
date (the "Transaction") is a Related Party Transaction under AIM Rule 13.
Accordingly, the independent directors, being Rama Uthayanan and Stefano
Loreti, having consulted with the Company's nominated adviser, Beaumont
Cornish Limited, consider the terms of the Transaction to be fair and
reasonable insofar as shareholders are concerned.

 

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 920865

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 and Duncan Vasey

+44 (0) 20 7469 0930

 

 

Nominated Adviser Statement

 

Beaumont Cornish Limited ("Beaumont Cornish"), is the Company's Nominated
Adviser and is authorised and regulated in the United Kingdom by the Financial
Conduct Authority. 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 the
announcement or any matter referred to in it.

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