Shareholder requisition notice

RNS Number : 3723N

Mobile Streams plc

24 September 2019

 

Mobile Streams plc

("Mobile Streams" or the "Company")

Shareholder requisition notice

Mobile Streams plc (AIM:MOS) announces that it is in receipt of a notice which was received on 16 September 2019 from Sriramakrishna Uthayanan, a shareholder holding in excess of five per cent. of the issued share capital of the Company, requiring that the Company convene, a general meeting, at which resolutions will be proposed to:

a)   remove Simon Buckingham as a director of the Company;

b)   remove Jonathan Bill as a director of the Company;

c)   appoint  Sriramakrishna Uthayanan as a director of the Company; and

d)   that any Director appointed between the date of the requisition and the date of the shareholder general meeting to consider the resolutions set out herein is convened, be removed as a Director with immediate effect.

The letter is a requisition by the named shareholder under section 303 of the Companies Act 2006.

The Company is mindful that, pursuant to section 304 of the Companies Act 2006, the Company must post a notice convening a general meeting within 21 days from the date on which the requisition was received, and this meeting must be held on a date not more than 28 days after the date of the notice to shareholders convening the general meeting.

The Company is in the process of seeking advice in relation to this notice and further announcements will be made in due course.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 ("MAR").

Mobile Streams plc		[phone]
Simon Buckingham, Chief Executive Officer
Enrique Benasso, Chief Financial Officer
N+1 Singer (Nominated Adviser and Broker)		[phone]
Mark Taylor / George Tzimas

 

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