Result of Capital Raise, Issue of Equity & TVR

Mobile Streams plc

12 January 2024

 

THIS ANNOUNCEMENT (THE "ANNOUNCEMENT") AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE. PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, THE PUBLIC OF IRELAND OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (596/2014/EU) AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR").

12 January 2024

Mobile Streams plc

("Mobile Streams", the "Company" or the "Group")

Result of Capital Raise

Issue of Equity & TVR

Mobile Streams plc (AIM: MOS), the AIM quoted mobile content and data intelligence company, is pleased to announce the result of the Capital Raise set out in the Company's announcement on 9 January 2024 (the "Capital Raise Announcement").

The Capital Raise will now, in aggregate, comprise the issue of 191,259,992 new Ordinary Shares raising gross proceeds of £114,756 comprising 116,003,326 Offer Shares (the "Offer Shares") and 75,256,666 Subscription Shares (the "Subscription Shares"). Combined, these Shares represent approximately 3.6 per cent. of the existing issued ordinary share capital of the Company prior to the Capital Raise.

The Offer Price of 0.06 pence represents a premium of approximately 14 per cent. to the Closing Mid-Market Price on 8 January 2024, being the day prior to the Capital Raise Announcement.

The Capital Raise included a Retail Offer, for a total of 66,003,326 new Ordinary Shares, via the BookBuild platform. Retail investors, who participated in the Retail Offer, were able to do so on the same terms as the Bookbuilding Process.

The Retail Offer was only made available to existing shareholders in the UK.

Mark Epstein, CEO of Mobile Streams, said, "We are delighted with the support we have received from our existing shareholders and are extremely pleased, given the current market conditions, to have raised additional funds at a premium to the prevailing share price and look forward to investing to support our expansion opportunities in Mexico in order to deliver value for our shareholders".

Admission

Application has been made for the admission of the Offer Shares to trading on AIM. The Offer Shares, when issued, will be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of 0.01 pence each in the capital of the Company (the "Existing Ordinary Shares"), including, without limitation, the right to receive all dividends and other distributions declared, made or paid after the date of issue. Admission is expected to become effective at 8.00 a.m. (London time) on 15 January 2024.

Application will be made for the admission of the Subscription Shares to trading on AIM. The Subscription Shares, when issued, will be credited as fully paid and will rank pari passu in all respects with the Existing Ordinary Shares, including, without limitation, the right to receive all dividends and other distributions declared, made or paid after the date of issue. Admission is expected to become effective at 8.00 a.m. (London time) on 22 January 2024.

Following Admission of the Offer Shares and Subscription Shares, the total number of Ordinary Shares in issue in the Company will be 5,525,201,611. The Company does not hold any shares in treasury and, therefore, following Admission, the number of voting shares in issue in the Company will be 5,525,201,611. This figure may be used by shareholders 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 Company under the Disclosure Guidance and Transparency Rules.

The Capital Raise is conditional on Admission occurring.

Capitalised terms used but not defined in this announcement shall have the meaning given to them in the Capital Raise Announcement.

Ends

For further information, please contact:

Mobile Streams plc

Nigel Burton, Adviser

[phone]

www.mobilestreams.com

Beaumont Cornish (Nominated Adviser)

James Biddle / Roland Cornish

[phone]

Panmure Gordon (Sole Bookrunner)

Simon J French

Hugh Rich

Tel: [phone]

IMPORTANT NOTICES

Neither this Announcement, nor any copy of it, may be taken or transmitted, published or distributed, directly or indirectly, in or into the United States, Australia, Canada, Japan, New Zealand, the Republic of Ireland or the Republic of South Africa or to any persons in any of those jurisdictions or any other jurisdiction where to do so would constitute a violation of the relevant securities laws of such jurisdiction. This Announcement is for information purposes only and does not constitute an offer to sell or issue, or the solicitation of an offer to buy, acquire or subscribe for any shares in the capital of the Company in the United States, Australia, Canada, Japan, New Zealand, the Republic of Ireland or the Republic of South Africa or any other state or jurisdiction in which such offer or solicitation is not authorised or to any person to whom it is unlawful to make such offer or solicitation.  Any failure to comply with these restrictions may constitute a violation of securities laws of such jurisdictions. The securities referred to in this Announcement have not been, and will not be, registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or with any securities regulatory authority of any state or jurisdiction of the United States, or under any securities laws of any state or other jurisdiction of the United States and may not be offered, sold, resold, pledged, transferred or delivered, directly or indirectly, in or into the United States except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and, in each case, in compliance with the securities laws of any state or other jurisdiction of the United States.

Panmure Gordon, who are authorised and regulated by the Financial Conduct Authority (the "FCA") in the United Kingdom, are acting solely for the Company and no-one else in connection with the transactions and arrangements described in this Announcement and will not regard any other person (whether or not a recipient of this Announcement) as a client in relation to the transactions and arrangements described in this Announcement. Neither Panmure Gordon nor any of its respective partners, directors, officers, employees, advisers, consultants, affiliates or agents are responsible to anyone other than the Company for providing the protections afforded to clients of Panmure Gordon or for providing advice in connection with the contents of this Announcement or for any other matters referred to herein.

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.

The Offer Shares and Subscription Shares to be issued pursuant to the Capital Raise will not be admitted to trading on any stock exchange other than AIM.

Neither the content of the Company's website (or any other website) nor the content of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into or forms part of this Announcement.

 

END