REG - StreaksAI PLC - Notification of Investment

StreaksaiAnnouncement

15/01/2025 12:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250115:nRSO4612Ta&default-theme=true

RNS Number : 4612T  StreaksAI PLC  15 January 2025

15 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.

 

StreaksAI PLC

 

("StreaksAI" or "the Company")

 

Notification of Investment

 

StreaksAI PLC (LSE: STK), a UK-based generative AI platform, is pleased to
announce an investment of £250,000 into Roundhouse Media Pte Ltd
("Roundhouse"), a non-fungible token-focused media studio based in Singapore
(the "Investment"). Roundhouse is developing further products in the
cryptocurrency, meme coin and AI Agent space. The Board believes these are
growing areas and the Investment has the potential to enhance returns to its
shareholders. Following the Investment, StreaksAI will hold 14.68% of
Roundhouse.

 

Related Party Transaction

SteaksAI's Investment into Roundhouse constitutes a related party transaction
as Mike Edwards is a director of the Company and of Roundhouse. Accordingly,
the Investment 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 Investment 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)

 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 (http://www.playstreaks.com)

 

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

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCEAAFSFFPSEFA