Direct Subscription, Issue of Equity & TVR

Mobile Streams plc

01 August 2024

 

Mobile Streams plc

1^st August 2024

Mobile Streams plc

("MOS" or "the Company")

Direct Subscription, Issue of Equity & TVR

Details of the Direct Subscription

Mobile Streams plc, the AIM quoted mobile content and data intelligence company, is pleased to announce the successful completion of a direct subscription (the "Subscription") to a single institutional investor, Icam & Partners SA, arranged by the Company to raise £471,900 to support the continuing growth of the Group.

A total of 1,210,000,000 ordinary shares of 0.01p nominal value each ("Subscription Shares") have been placed conditional only on Admission and settlement with a single investor at 0.039p per share. The subscription price represents a discount of 8.2% to the Closing Mid-Market price on 31^st July 2024 of 0.0425p.

Each Placing share will rank pari passu with existing Ordinary Shares and will be issued with one warrant per two Placing shares (for a total of 605,000,000 warrants) to subscribe for one Ordinary Share exercisable at 0.039p per share for a twelve month period ending on 31^st July 2025.

The Subscription Shares represent approximately 15.85% of the enlarged issued share capital of the Company and together with the attached warrants, would represent approximately 27.36% of the diluted issued share capital (assuming no other warrants or options are exercised).

Icam & Partners SA (Independent Capital Advisory and Management | ICAM & Partners SA (icamsa.ch)) is a Swiss regulated investment manager and are investing in MOS as principal.

Admission to trading

Application will be made to the London Stock Exchange for admission of the Subscription Shares totalling 1,210,000,000 Ordinary Shares to trading on AIM. It is expected that admission will become effective and dealings in the Subscription Shares will commence at 8.00 a.m. on or around the 7^th August 2024.

Total Voting Rights

Following the issue of the Subscription Shares as described above, the Company's issued share capital consists of 7,634,115,963 ordinary shares with a nominal value of 0.01p each, with voting rights ("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.

Mark Epstein, CEO Mobile Streams plc, said:

"We are pleased by the interest shown to invest in our expansion into publishing and online casino and sports book services in Mexico. This additional capital will further assist the Company in achieving its aims and assist in our drive to breakeven. It is the intention to use these funds to design, code and deliver additional functionality onto Mobile Streams existing suite of platforms to drive new revenue streams that align with the launch of our investments in Mexico."

The information contained within this announcement is deemed by the Company to constitute inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

About Mobile Streams:

Mobile Streams is a global sports entertainment group specialising in Igaming, licensing and platforms. Delivering world class gaming content to a global audience, through its https://heroesnftclub.com/ site and mobilegaming.com platforms, our long-standing carrier relationships in countries including India, Argentina and Mexico, and through our LiveScores sites. The Company has a significant Mexican presence in publishing, digital merchandise and it's soon to launch online casino and sports book services.

Our Streams data insight, intelligence and visualisation services and marketing optimisation tools support the content business, as well as serving enterprise level bespoke clients and the Streams SaaS ("Software as a Service") self-service platform.

For further information, please contact:

Mobile Streams plc

Nigel Burton

[phone]

Mark Epstein

[e-mail]

www.mobilestreams.com

Beaumont Cornish (Nominated Adviser)

James Biddle and Roland Cornish

[phone]

Peterhouse Capital Limited (Joint Broker)

Lucy Williams and Duncan Vasey

[phone]

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.

 

END