REG - StreaksAI PLC - Exercise of Warrants, PDMR and Grant of Warrants

StreaksaiAnnouncement

29/01/2025 07:00

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RNS Number : 0938V  StreaksAI PLC  29 January 2025

This announcement contains information which, prior to its disclosure, was
inside information as stipulated under Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication
of this announcement via a Regulatory Information Service, this inside
information is now considered to be in the public domain.

 

29 January 2025

 

StreaksAI PLC

 

("StreaksAI" or "the Company")

 

Exercise of Warrants, PDMR Dealings and Grant of Warrants

 

StreaksAI PLC (LSE: STK), a UK-based generative AI platform, announces that it
has received notice from Mark Rutledge, Non-Executive Director of StreaksAI,
to exercise warrants over 500,000 ordinary shares of £0.001 each in the
Company ("Ordinary Shares") at an exercise price of £0.002 per Ordinary Share
("New Ordinary Shares").  As a result, the Company will issue 500,000 New
Ordinary Shares to Mark Rutledge.

 

Admission and Total Voting Rights

 

Application will be made for the New Ordinary Shares, which will rank pari
passu with the existing Ordinary Shares in issue, to be admitted to trading on
the London Stock Exchange Main Market ("Admission"). Dealings are expected to
commence on or around 04 February 2025.

 

Following Admission, the Company's total issued and voting share capital will
consist of 454,232,535 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.

 

Grant of Warrants

 

StreaksAI also announces that it has granted a total of 5,000,000 Warrants to
two Directors (through companies owned by them) of the Company to subscribe
for new ordinary shares of £0.001 each ("Warrants") as outlined below. The
Warrants are exercisable at £0.01 per ordinary share and have an exercise
period limit of three years, vesting immediately.

 

 Director                                  Number of Warrants being issued  Total number of Warrants held including this issue
 Letter 4 Consulting Ltd                   2,500,000                        2,500,000

 (a company controlled by Darcy Taylor)

 Fidelio Partners Pte Ltd                  2,500,000                        2,500,000

 (a company controlled by Matthew Lodge)

 

Following the issue of the Warrants and exercise of Warrants, the Company will
have a total of 82,150,000 warrants in issue.

 

For further information please contact:

 

 StreaksAI PLC
 Matthew Lodge                       via First Sentinel (Corporate Advisor)

 Corporate Broker
 Brian Stockbridge (First Sentinel)  +44 20 3855 5551

 

About Streaks:

StreaksAI PLC is a provider of AI based conversational technologies. The
Company offers two core products in the gaming and conversational AI space.

For more information on the Conversational AI product, please visit
www.streaks.ai (http://www.streaks.ai) .

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Letter 4 Consulting Ltd
 2.  Reason for the Notification
 a)  Position/status                                              PCA of Darcy Taylor, Non-executive Director of StreaksAI PLC
 b)  Initial notification / Amendment                             Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         StreaksAI PLC
 b)  LEI                                                          984500FV43C9G16DK633
 4.  Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (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  Warrants over ordinary shares
     Identification Code                                          GB00BMFCRZ80
 b)  Nature of the transaction                                    Issue of Warrants at GBP 0.01 exercise price issued at Nil consideration
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  GBP 0.01  2,500,000
 d)  Aggregated information:

     · Aggregated volume                                          2,500,000 Ordinary Shares

     · Price                                                      £25,000
 e)  Date of the transaction                                      28 January 2025
 f)  Place of the Transaction                                     Outside of a trading venue

d)

Aggregated information:

· Aggregated volume

· Price

 

2,500,000 Ordinary Shares

£25,000

e)

Date of the transaction

28 January 2025

f)

Place of the Transaction

Outside of a trading venue

 

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Fidelio Partners Pte Ltd
 2.  Reason for the Notification
 a)  Position/status                                              PCA of Matthew Lodge, Chairman and Chief Executive Officer of StreaksAI PLC
 b)  Initial notification / Amendment                             Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         StreaksAI PLC
 b)  LEI                                                          984500FV43C9G16DK633
 4.  Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (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  Warrants over ordinary shares
     Identification Code                                          GB00BMFCRZ80
 b)  Nature of the transaction                                    Issue of Warrants at GBP 0.01 exercise price issued at Nil consideration
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  GBP 0.01  2,500,000
 d)  Aggregated information:

     · Aggregated volume                                          2,500,000 Ordinary Shares

     · Price                                                      £25,000
 e)  Date of the transaction                                      28 January 2025
 f)  Place of the Transaction                                     Outside of a trading venue

d)

Aggregated information:

· Aggregated volume

· Price

 

2,500,000 Ordinary Shares

£25,000

e)

Date of the transaction

28 January 2025

f)

Place of the Transaction

Outside of a trading venue

 

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Mark Rutledge
 2.  Reason for the Notification
 a)  Position/status                                              Mark Rutledge, Non-Executive Director of StreaksAI PLC
 b)  Initial notification / Amendment                             Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         StreaksAI PLC
 b)  LEI                                                          984500FV43C9G16DK633
 4.  Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (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  Exercise of warrants
     Identification Code                                          GB00BMFCRZ80
 b)  Nature of the transaction                                    Exercise of warrants at GBP 0.002 exercise price issued
 c)  Price(s) and volume(s)                                       Price(s)   Volume(s)
                                                                  GBP 0.002  500,000
 d)  Aggregated information:

     · Aggregated volume                                          500,000 Ordinary Shares

     · Price                                                      £1,000
 e)  Date of the transaction                                      28 January 2025
 f)  Place of the Transaction                                     Outside of a trading venue

d)

Aggregated information:

· Aggregated volume

· Price

 

500,000 Ordinary Shares

£1,000

e)

Date of the transaction

28 January 2025

f)

Place of the Transaction

Outside of a trading venue

 

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