Results of Broker Option, Issue of Equity and TVR

RNS Number : 0879C

Mobile Streams plc

07 October 2022

 

7.00am 7 October 2022

Mobile Streams plc

("MOS" or "the Company")

Broker Option over-subscribed

Issue of 111,111,111 Ordinary Shares at 0.18p per share

Total Voting Rights

Mobile Streams plc, the AIM quoted mobile content and data intelligence company, announces that, further to the announcement made on 6 October, the Broker Option, a facility to allow existing shareholders to participate in the Fundraise on similar terms to the Placing announced, has been over-subscribed for by existing shareholders of the Company.

Demand was received under the Broker Option for approximately £400,000, with allocations scaled back so as to raise £200,000 gross at a price of 0.18 pence per share through the issue of 111,111,111 Ordinary Shares.

A total of 111,111,111 ordinary shares of 0.01p nominal value each ("Broker Option shares") have been allotted conditional only on Admission with investors at 0.18p per share, the same price as the Placing announced on 6 October. Each Broker Option share will rank pari passu with existing Ordinary Shares and will be issued with one warrant per share exercisable at 0.3p per share for a period of 18 months from the date of admission of these new Shares to AIM, which is expected to be on or around 13 October 2022. The warrants are unlisted and non-transferable and can only be exercised once additional authority to issue the associated Ordinary Shares has been approved by Shareholders at the next General Meeting, which will take place no later than 31 December 2022.

Application has been made for admission of the 111,111,111 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 12 October 2022.

Total Voting Rights

Following the issue of the Broker Option Shares as described above, the Company's issued share capital consists of 4,241,216,476 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.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 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, this inside information is now considered to be in the public domain.

Mark Epstein, CEO Mobile Streams plc, said:

"I'd like to thank shareholders for their fantastic support in both the Placing and Broker Option. We have restricted the Broker Option to less than half the demand to reflect the existing headroom available  and to strike a balance between satisfying shareholder demand and restricting dilution to existing shareholders."

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

+ 44 (0) 20 7469 0930

 

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