REG - Mobile Streams plc - Issue of shares, PDMR shareholding, TVR

Mobile StreamsAnnouncement

04/01/2022 17:10

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RNS Number : 4227X  Mobile Streams plc  04 January 2022

4 January 2022

 

Mobile Streams plc

("MOS" or "the Company")

 

Issue of shares, PDMR shareholding disclosures, Total Voting Rights

 

Issue of shares

The Company announces the issue of a total of 4,584,492 shares to certain
Directors and senior employees under the agreements in place for the
satisfaction of their remuneration up to 31 December 2021.

 

As explained in the RNS dated 30 April 2021, with effect from 1 April 2021,
the Directors and senior employees reverted to their original contractual
arrangements, which state that until such time as the Board determines
otherwise, fees will be paid quarterly or half yearly in ordinary shares in
the capital of the Company ("Ordinary Shares"), priced at the Volume Weighted
Average Price ("VWAP") of the ordinary shares for the period to which the
payment relates, after deduction and payment of all necessary taxes. Based on
the budget and cash projections, the Board now considers that the Company is
in a position to pay salaries in cash, although the directors and senior
manager listed below have elected to continue to be paid in shares for this
period.

 

For the 6 month period 1 July 31 December 2021 the VWAP was 0.45 pence per
share. Accordingly, after making the aforementioned deductions, the Directors
and senior employees listed below have been issued 1,528,164 Ordinary Shares
each in satisfaction of accrued fees to 31 December 2021. To show their
continuing support for the Company, these Directors and senior employees have
all agreed not to sell these shares for a minimum period of 12 months.

 

As a result, the Directors have the following interests in the Company:

 Director            Ordinary Shares now held  % of Issued Share Capital
 Nigel Burton        95,747,070                3.78
 Charles Goodfellow  40,301,360                1.59
 PDMR                Ordinary Shares now held  % of Issued Share Capital
 Annabel Jamieson    62,897,514                2.48

 

Application for Admission to Trading on AIM

Application has been made for the aggregate 4,584,492 new Ordinary Shares of
0.01 pence each, which when issued will rank pari passu with the existing
Ordinary Shares in issue, to be admitted to trading on AIM, which is expected
to become effective at 8.00 a.m. on or around 12 January 2022.

 

Total Voting Rights

Following the issue of the 4,584,492 Ordinary Shares issued as above, the
Company's issued share capital consists of 2,535,442,670 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.

 

The above figure of 2,535,442,670 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.

 

Director and PDMR shareholding disclosures

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                              Nigel Burton
 2   Reason for notification
 a)  Position / status                                                 Director
 b)  Initial notification                                              Initial

     /Amendment
 3   Details of the issuer, emission allowance market participant, auctionplatform,
     auctioneer or auction monitor
 a)  Name                                                              Mobile Streams plc
 b)  LEI                                                               LEI: 213800CJX7WW927QWP43
 4   Details of the transaction(s):
     section to be repeated for (i) each type ofinstrument; (ii) each type of transaction;

     (iii) each date; and (iv) each place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument       Ordinary shares of 0.01 pence each in Mobile Stream plc

     Identification code                                               ISIN GB00B0WJ3L68
     Nature of the transaction                                         Issue of shares in lieu of remuneration
 c)  Price(s) and volumes(s)

Price(s)    Volumes(s)
                                                                       0.45 pence  1,528,164

 
 d)  Aggregated information                                            n/a
 e)  Date of the transaction                                           31 December 2021
 f)  Place of the transaction                                          London Stock Exchange, AIM (XLON)

 

d)

Aggregated information

n/a

e)

Date of the transaction

31 December 2021

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                              Charles Goodfellow
 2   Reason for notification
 a)  Position / status                                                 Director
 b)  Initial notification                                              Initial

     /Amendment
 3   Details of the issuer, emission allowance market participant, auctionplatform,
     auctioneer or auction monitor
 a)  Name                                                              Mobile Streams plc
 b)  LEI                                                               LEI: 213800CJX7WW927QWP43
 4   Details of the transaction(s):
     section to be repeated for (i) each type ofinstrument; (ii) each type of transaction;

     (iii) each date; and (iv) each place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument       Ordinary shares of 0.01 pence each in Mobile Stream plc

     Identification code                                               ISIN GB00B0WJ3L68
     Nature of the transaction                                         Issue of shares in lieu of remuneration
 c)  Price(s) and volumes(s)

Price(s)    Volumes(s)
                                                                       0.45 pence  1,528,164

 
 d)  Aggregated information                                            n/a
 e)  Date of the transaction                                           31 December 2021
 f)  Place of the transaction                                          London Stock Exchange, AIM (XLON)

 

d)

Aggregated information

n/a

e)

Date of the transaction

31 December 2021

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

 

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                              Annabel Jamieson
 2   Reason for notification
 a)  Position / status                                                 Consultant
 b)  Initial notification                                              Initial

     /Amendment
 3   Details of the issuer, emission allowance market participant, auctionplatform,
     auctioneer or auction monitor
 a)  Name                                                              Mobile Streams plc
 b)  LEI                                                               LEI: 213800CJX7WW927QWP43
 4   Details of the transaction(s):
     section to be repeated for (i) each type ofinstrument; (ii) each type of transaction;

     (iii) each date; and (iv) each place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument       Ordinary shares of 0.01 pence each in Mobile Stream plc

     Identification code                                               ISIN GB00B0WJ3L68
     Nature of the transaction                                         Shares received as consideration
 c)  Price(s) and volumes(s)

Price(s)    Volumes(s)
                                                                       0.45 pence  1,528,164

 
 d)  Aggregated information                                            n/a
 e)  Date of the transaction                                           31 December 2021
 f)  Place of the transaction                                          London Stock Exchange, AIM (XLON)

 

d)

Aggregated information

n/a

e)

Date of the transaction

31 December 2021

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

 

This announcement contains 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, this inside information is now considered to
be in the public domain.

 

For further information, please contact:

 

Mobile Streams plc

Nigel Burton, Non-Executive Director

+44 77 8523 4447

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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