Issue of Equity and Director Dealing

RNS Number : 7898E

Mobile Streams plc

15 May 2013

 

Mobile Streams plc

Issue of Equity and Director Dealings

Mobile Streams plc (AIM: MOS) (the "Company" or "Mobile Streams"), today announces that it has applied for 128,375 new ordinary shares of 0.2p each ("Ordinary Shares") to be admitted to trading on AIM as a result of employee option exercises. Admission of the shares is expected on Friday 17 May 2013.

The Company also announces that Simon Buckingham, CEO of Mobile Streams, has notified the Company today that he has sold 1,000,000 Ordinary Shares at an average price of 67.11 pence per Ordinary Share over the course of yesterday and today. Following the sale of these Ordinary Shares, Simon Buckingham holds 17,257,500 Ordinary Shares representing 47.15% of the issued share capital as enlarged by the exercise of options referred to above.

Simon Buckingham commented: "I have sold these shares for personal financial reasons and do not want the sale to detract shareholders from my belief that the long term prospects for the Company are good. As I stated in our trading update yesterday, we expect a strong end to the current financial year and look forward to updating shareholders on the trading performance after the end of our current financial year."

Following the issue of the 128,375 Ordinary Shares, the Company will have a total of 36,601,067 Ordinary Shares in issue with one voting right per share.

The above figure may be used by shareholders in the Company 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 share capital of the Company under the FCA's Disclosure and Transparency Rules.

The above information is provided by the Company in accordance with its obligations under the FCA's Disclosure and Transparency Rules.

Enquires:

Mobile Streams                                                                         [phone]

Simon Buckingham, Chief Executive Officer

Nominated Adviser and Broker

N+1 Singer                                                                                [phone]

Jonny Franklin-Adams/ Matt Thomas

 

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