REG - StreaksAI PLC - Issue of Equity and PDMR

StreaksaiAnnouncement

21/11/2024 07:00

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RNS Number : 0390N  StreaksAI PLC  21 November 2024

21 November 2024

 

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.

 

StreaksAI PLC

 

("StreaksAI" or "the Company")

 

Issue of Equity and PDMR

 

StreaksAI PLC (LSE: STK), a UK-based generative AI platform, announces that it
has raised gross proceeds of £75,000 by way of a subscription for 75,000,000
Ordinary Shares of £0.001 per share ("Ordinary Shares") (the "New Shares") at
a price of £0.001 per share ("Subscription").

 

Admission

Application will be made to the Financial Conduct Authority ("FCA") for
admission of the New Shares to the Official List and to the London Stock
Exchange (the "LSE") for admission to trading of the New Shares on the LSE's
Main Market for listed securities (together "Admission"). It is expected that
Admission will take place at or around 8.00 a.m. on the 27th of November 2024.

 

Following Admission, the Company's issued share capital will consist of
453,732,535 Ordinary Shares with voting rights. The Company does not currently
hold any Ordinary Shares in treasury.

 

This figure, 453,732,535, 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
DTR.

 

Related Party Transaction

As Mike Edwards is the director of the Company and of Roundhouse Media Pte
Ltd, which is subscribing for the New Shares, the Subscription is being
treated as a related party transaction pursuant to paragraph 7.3 of the
Disclosure Guidance and Transparency Rules. StreaksAI's directors (other than
Mike Edwards) confirm that the Subscription is fair and reasonable from the
perspective of StreaksAI and its shareholders.

 

For further information please contact:

 

 StreaksAI PLC
 Mike Edwards                        via First Sentinel (Corporate Advisor)

 Interim CEO                         +44 20 3855 5551
 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 Gaming AI product, please visit
www.playstreaks.com.

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                                                         Roundhouse Media Pte Ltd
 2.  Reason for the Notification
 a)  Position/status                                              PCA of Mike Edwards, Chairman and Interim CEO 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  Ordinary shares
     Identification Code                                          GB00BMFCRZ80
 b)  Nature of the transaction                                    Subscription of new shares
 c)  Price(s) and volume(s)                                       Price(s)                      Volume(s)
                                                                  GBP 0.001 per Ordinary Share  75,000,000 Ordinary Shares
 d)  Aggregated information:

     · Aggregated volume                                          75,000,000 Ordinary Shares

     · Price                                                      £75,000
 e)  Date of the transaction                                      20 November 2024
 f)  Place of the Transaction                                     Outside of trading venue

d)

Aggregated information:

· Aggregated volume

· Price

 

75,000,000 Ordinary Shares

£75,000

e)

Date of the transaction

20 November 2024

f)

Place of the Transaction

Outside of trading venue

 

 

 

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