Block Listing Application

Mobile Streams plc

03 October 2024

 

3 October 2024

Mobile Streams plc

("MOS" or "the Company")

Block Listing Application

Mobile Streams plc, the AIM quoted mobile content and data intelligence company, has today applied for the block listing of up to a total of 1,526,823,193 new Ordinary Shares of 0.01p each ("Ordinary Shares"). This figure is 20% of the currently issued share capital, and in accordance with the block listing process under Rule 29 of the AIM Rules would cover the potential exercise of approximately 45% of the currently outstanding Warrants (as further detailed below).

The Ordinary Shares subject to the block admission will not be allotted immediately, but rather will be issued and allotted on exercise of the Warrants from time to time. On issue, these new Ordinary Shares will be issued as fully paid and will rank pari passu in all respects with the existing Ordinary Shares of the Company.

The Company will announce the number of any Ordinary Shares issued and admitted under the block listing at the end of each calendar month. The earliest expected effective date of admission of any of these securities to AIM is 9 October 2024.

The Warrants outstanding are shown in the table below.

Issued	Exercise price	Number	Expiry
12 October 2022	0.3p	777,777,777	30 June 2025
15 January 2024 to 22 March 2024	0.15p	2,008,540,069	30 June 2025
31 July 2024 to 14 August 2024	0.039p	605,000,000	30 June 2025

The total warrants outstanding exceed the block listing total of 1,526,823,193 new Ordinary Shares. The Company currently expects that investors will exercise a mixture of the 0.039p and 0.15p warrants, therefore the warrants covered by this block listing are as shown below.

Issued	Exercise price	Number	Expiry
15 January 2024 to 22 March 2024	0.15p	1,256,823,193	30 June 2025
31 July 2024 to 14 August 2024	0.039p	270,000,000	30 June 2025

Should investors seek to exercise more warrants above this limit, the Company will either apply for a further block listing or issue new Ordinary Shares without a block listing.

The Company also announces that under the previous Block Listing as announced on 4 October 2021 the Company issued a total of 144,291,666 Ordinary Shares (out of a total application for up to 484,768,300 new Ordinary Shares) and given that the Warrants to which this application related have now all lapsed, the Block Listing in respect of the remaining 340,476,634 Ordinary Shares outstanding has been cancelled.

For further information, please contact:

Mobile Streams plc

Nigel Burton, Adviser

[phone]

www.mobilestreams.com

Beaumont Cornish (Nominated Adviser)

James Biddle and Roland Cornish

[phone]

Peterhouse Capital Limited (Broker)

Lucy Williams and Duncan Vasey

[phone]

Nominated Adviser

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.

 

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