Issue of shares to NFT partners, TVR, Q4 revenues

RNS Number : 2176R

Mobile Streams plc

28 February 2023

 

28 February 2023

Mobile Streams plc

("MOS" or "the Company")

Issue of shares to consultants and NFT partners, TVR, Q4 revenues

Mobile Streams plc, the AIM quoted mobile content and data intelligence company, announces the issue of shares in relation to the previously announced contracts with the Mexican National and Necaxa football teams as well as the professional golfer Gaby López, in connection with or as part of the transaction consideration.

The number of shares is determined by the GBP/USD spot exchange rate and the three-month VWAP on the date of the relevant agreement. There are also lock in conditions preventing the shares from being traded for a period of 12 or 24 months and then an orderly marketing agreement for the twelve months thereafter. The relevant details are shown in the table below.

	Value of the Share payment	Issue price (p)	Shares	Lock in	Orderly marketing
Guillermo de la Macorra	£82,645	0.2711	30,483,696	to 27/2/25	to 27/2/26
Gaby López	£8,547	0.1899	4,501,576	to 27/2/24	to 27/2/24
Victor Omar Garcia Morin	£85,470	0.1899	45,015,806	to 27/2/24	to 27/2/24
Jorge Kuri Aziz	£42,735	0.1899	22,507,903	to 27/2/24	to 27/2/24

Application has been made for admission of the 102,508,981 new Ordinary Shares which will rank pari passu with existing Ordinary Shares to trading on AIM ("Admission"), with Admission expected to be on or around 6 March 2023.

Total Voting Rights

Following the issue of the Consideration Shares as described above, the Company's issued share capital consists of 4,369,655,903 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, 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.

Q4 Revenue

The Company is pleased to announce unaudited revenues for the three months to 31 December 2022 of US$645,000 (c.£516,000). This represents a year-on-year increase of 243% in revenue when compared to the same period in 2021. Going forwards the Company will continue to report half year and annual figures in GBP.

Mark Epstein, CEO Mobile Streams plc, said:

"We are delighted with the results of our first few months of NFT drops. We are pleased with our revenue progress to date and expect this to increase significantly throughout 2023."

About Mobile Streams

Mobile Streams delivers world class gaming content to a global audience, through its LiveScores and mobilegaming.com platforms, our long-standing carrier relationships in countries including India, Argentina and Mexico, and through our https://heroesnftclub.com/ site.

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. Our strategy is to deliver next-generation content including gaming, Esports and related NFTs to a global audience.

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]

 

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