REG - Mobile Streams plc - Result of Capital Raise, Issue of Equity & TVR

Mobile StreamsAnnouncement

12/01/2024 07:00

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RNS Number : 4657Z  Mobile Streams plc  12 January 2024

THIS ANNOUNCEMENT (THE "ANNOUNCEMENT") AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND IS NOT FOR RELEASE. PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA,
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OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (596/2014/EU) AS IT FORMS PART OF UK DOMESTIC LAW
BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR").

 

12 January 2024

Mobile Streams plc

 

("Mobile Streams", the "Company" or the "Group")

 

Result of Capital Raise

Issue of Equity & TVR

 

Mobile Streams plc (AIM: MOS), the AIM quoted mobile content and data
intelligence company, is pleased to announce the result of the Capital Raise
set out in the Company's announcement on 9 January 2024 (the "Capital Raise
Announcement").

 

The Capital Raise will now, in aggregate, comprise the issue of 191,259,992
new Ordinary Shares raising gross proceeds of £114,756 comprising 116,003,326
Offer Shares (the "Offer Shares") and 75,256,666 Subscription Shares (the
"Subscription Shares"). Combined, these Shares represent approximately 3.6 per
cent. of the existing issued ordinary share capital of the Company prior to
the Capital Raise.

 

The Offer Price of 0.06 pence represents a premium of approximately 14 per
cent. to the Closing Mid-Market Price on 8 January 2024, being the day prior
to the Capital Raise Announcement.

 

The Capital Raise included a Retail Offer, for a total of 66,003,326 new
Ordinary Shares, via the BookBuild platform. Retail investors, who
participated in the Retail Offer, were able to do so on the same terms as the
Bookbuilding Process.

 

The Retail Offer was only made available to existing shareholders in the UK.

 

Mark Epstein, CEO of Mobile Streams, said, "We are delighted with the support
we have received from our existing shareholders and are extremely pleased,
given the current market conditions, to have raised additional funds at a
premium to the prevailing share price and look forward to investing to support
our expansion opportunities in Mexico in order to deliver value for our
shareholders".

 

Admission

Application has been made for the admission of the Offer Shares to trading on
AIM. The Offer Shares, when issued, will be credited as fully paid and will
rank pari passu in all respects with the existing ordinary shares of 0.01
pence each in the capital of the Company (the "Existing Ordinary Shares"),
including, without limitation, the right to receive all dividends and other
distributions declared, made or paid after the date of issue. Admission is
expected to become effective at 8.00 a.m. (London time) on 15 January 2024.

 

Application will be made for the admission of the Subscription Shares to
trading on AIM. The Subscription Shares, when issued, will be credited as
fully paid and will rank pari passu in all respects with the Existing
Ordinary Shares, including, without limitation, the right to receive all
dividends and other distributions declared, made or paid after the date of
issue. Admission is expected to become effective at 8.00 a.m. (London time) on
22 January 2024.

 

Following Admission of the Offer Shares and Subscription Shares, the total
number of Ordinary Shares in issue in the Company will be 5,525,201,611. The
Company does not hold any shares in treasury and, therefore, following
Admission, the number of voting shares in issue in the Company will be
5,525,201,611. This figure may be used by shareholders as the denominator for
the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in, the Company under the
Disclosure Guidance and Transparency Rules.

 

The Capital Raise is conditional on Admission occurring.

 

Capitalised terms used but not defined in this announcement shall have the
meaning given to them in the Capital Raise Announcement.

 

Ends

 

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 / Roland Cornish

+44 (0) 20 7628 3396

 

Panmure Gordon (Sole Bookrunner)

Simon J French

Hugh Rich

Tel: +44 (0) 20 7886 2500

 

IMPORTANT NOTICES

Neither this Announcement, nor any copy of it, may be taken or transmitted,
published or distributed, directly or indirectly, in or into the United
States, Australia, Canada, Japan, New Zealand, the Republic of Ireland or the
Republic of South Africa or to any persons in any of those jurisdictions or
any other jurisdiction where to do so would constitute a violation of the
relevant securities laws of such jurisdiction. This Announcement is for
information purposes only and does not constitute an offer to sell or issue,
or the solicitation of an offer to buy, acquire or subscribe for any shares in
the capital of the Company in the United States, Australia, Canada, Japan, New
Zealand, the Republic of Ireland or the Republic of South Africa or any other
state or jurisdiction in which such offer or solicitation is not authorised or
to any person to whom it is unlawful to make such offer or solicitation.  Any
failure to comply with these restrictions may constitute a violation of
securities laws of such jurisdictions. The securities referred to in this
Announcement have not been, and will not be, registered under the US
Securities Act of 1933, as amended (the "US Securities Act"), or with any
securities regulatory authority of any state or jurisdiction of the United
States, or under any securities laws of any state or other jurisdiction of the
United States and may not be offered, sold, resold, pledged, transferred or
delivered, directly or indirectly, in or into the United States except
pursuant to an applicable exemption from, or in a transaction not subject to,
the registration requirements of the US Securities Act and, in each case, in
compliance with the securities laws of any state or other jurisdiction of the
United States.

Panmure Gordon, who are authorised and regulated by the Financial Conduct
Authority (the "FCA") in the United Kingdom, are acting solely for the Company
and no-one else in connection with the transactions and arrangements described
in this Announcement and will not regard any other person (whether or not a
recipient of this Announcement) as a client in relation to the transactions
and arrangements described in this Announcement. Neither Panmure Gordon nor
any of its respective partners, directors, officers, employees, advisers,
consultants, affiliates or agents are responsible to anyone other than the
Company for providing the protections afforded to clients of Panmure Gordon or
for providing advice in connection with the contents of this Announcement or
for any other matters referred to herein.

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.

The Offer Shares and Subscription Shares to be issued pursuant to the Capital
Raise will not be admitted to trading on any stock exchange other than AIM.

Neither the content of the Company's website (or any other website) nor the
content of any website accessible from hyperlinks on the Company's website (or
any other website) is incorporated into or forms part of this Announcement.

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