REG - Mobile Streams plc - Issue of share options to Director and PDMRs

Mobile StreamsAnnouncement

28/04/2023 14:00

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RNS Number : 9207X  Mobile Streams plc  28 April 2023

28 April 2023

 

Mobile Streams plc

("MOS" or "the Company")

 

Issue of share options to Director and PDMRs

 

Mobile Streams plc, the AIM quoted mobile content and data intelligence
company, announces the award of share options to a Director and several senior
employees.

 

The Company's remuneration committee has reviewed the remuneration of the
Directors and senior executives and noted that these are significantly below
market norms for their current roles, and that they have not received cash
bonuses.

 

                To provide suitable incentives to the senior
executives without increasing the cash burn the Company has granted share
options to each of Mark Epstein, Tom Gutteridge and three senior employees,
exercisable at the closing market price of 0.11p on 27 April 2023. This marks
the first award of options since the senior management team joined the Company
in 2019.

 

                The vesting conditions for these share options
are based on the volume weighted share price reaching 0.3p measured over any
10 consecutive business days. Subject to having met this target, 50% of the
Options will vest and become exercisable after the 12-month anniversary of
grant; the remaining 50% shall vest and become exercisable on the 24-month
anniversary of grant. The Options will have a 10 year life from the date of
grant and are subject to good and bad leaver provisions. The Options are
approved options granted under the Company's existing share option scheme.

 

Following the grant of the Options, the total number of ordinary shares under
option is 344,501,000 ordinary shares representing 7.9% of the Company's
current issued ordinary share capital. The 100 million options awarded to Mark
Epstein, a director, represents 2.2% of the Company's current issued ordinary
share capital.

 

The options have been granted as follows:

 

 Name            Role                      Options
 Mark Epstein    CEO, Director             100,000,000
 Tom Gutteridge  Chief Operating Officer   100,000,000
 Nigel Burton    Adviser                   100,000,000
 Tom Bath        Head of global marketing  20,000,000
 Rafel Wojenka   Technical lead            20,000,000
                 Total                     340,000,000

 

 

 

 

The information contained within this announcement is deemed by the Company to
constitute inside information stipulated under 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 delivers world class gaming content to a global audience,
through its LiveScores and mobilegaming.com platforms, our long-standing
carrier relationships in countries including India, Argentina and Mexico, and
through our https://heroesnftclub.com/ site.

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. Our strategy is to deliver next-generation
content including gaming, Esports and related NFTs to a global audience.

For further information, please contact:

 

Mobile Streams plc

Nigel Burton, Adviser

+44 77 8523 4447

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

 

 

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