Exercise of Warrants, PDMR and Grant of Warrants

StreaksAI PLC

29 January 2025

 

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

29 January 2025

StreaksAI PLC

("StreaksAI" or "the Company")

Exercise of Warrants, PDMR Dealings and Grant of Warrants

StreaksAI PLC (LSE: STK), a UK-based generative AI platform, announces that it has received notice from Mark Rutledge, Non-Executive Director of StreaksAI, to exercise warrants over 500,000 ordinary shares of £0.001 each in the Company ("Ordinary Shares") at an exercise price of £0.002 per Ordinary Share ("New Ordinary Shares").  As a result, the Company will issue 500,000 New Ordinary Shares to Mark Rutledge.

Admission and Total Voting Rights

Application will be made for the New Ordinary Shares, which will rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on the London Stock Exchange Main Market ("Admission"). Dealings are expected to commence on or around 04 February 2025.

Following Admission, the Company's total issued and voting share capital will consist of 454,232,535 Ordinary Shares. The Company does not hold any ordinary shares in treasury.

Therefore, the 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.

Grant of Warrants

StreaksAI also announces that it has granted a total of 5,000,000 Warrants to two Directors (through companies owned by them) of the Company to subscribe for new ordinary shares of £0.001 each ("Warrants") as outlined below. The Warrants are exercisable at £0.01 per ordinary share and have an exercise period limit of three years, vesting immediately.

Director	Number of Warrants being issued	Total number of Warrants held including this issue
Letter 4 Consulting Ltd (a company controlled by Darcy Taylor)	2,500,000	2,500,000
Fidelio Partners Pte Ltd (a company controlled by Matthew Lodge)	2,500,000	2,500,000

Following the issue of the Warrants and exercise of Warrants, the Company will have a total of 82,150,000 warrants in issue. 

For further information please contact:

StreaksAI PLC
Matthew Lodge	via First Sentinel (Corporate Advisor)
Corporate Broker
Brian Stockbridge (First Sentinel)	[phone]

About Streaks:

StreaksAI PLC is a provider of AI based conversational technologies. The Company offers two core products in the gaming and conversational AI space.

For more information on the Conversational AI product, please visit www.streaks.ai.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Letter 4 Consulting Ltd
2.	Reason for the Notification
a)	Position/status	PCA of Darcy Taylor, Non-executive Director of StreaksAI PLC
b)	Initial notification / Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	StreaksAI PLC
b)	LEI	984500FV43C9G16DK633
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Warrants over ordinary shares
	Identification Code	GB00BMFCRZ80
b)	Nature of the transaction	Issue of Warrants at GBP 0.01 exercise price issued at Nil consideration
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 0.01 2,500,000
d)	Aggregated information: · Aggregated volume · Price	2,500,000 Ordinary Shares £25,000
e)	Date of the transaction	28 January 2025
f)	Place of the Transaction	Outside of a trading venue

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Fidelio Partners Pte Ltd
2.	Reason for the Notification
a)	Position/status	PCA of Matthew Lodge, Chairman and Chief Executive Officer of StreaksAI PLC
b)	Initial notification / Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	StreaksAI PLC
b)	LEI	984500FV43C9G16DK633
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Warrants over ordinary shares
	Identification Code	GB00BMFCRZ80
b)	Nature of the transaction	Issue of Warrants at GBP 0.01 exercise price issued at Nil consideration
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 0.01 2,500,000
d)	Aggregated information: · Aggregated volume · Price	2,500,000 Ordinary Shares £25,000
e)	Date of the transaction	28 January 2025
f)	Place of the Transaction	Outside of a trading venue

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Rutledge
2.	Reason for the Notification
a)	Position/status	Mark Rutledge, Non-Executive Director of StreaksAI PLC
b)	Initial notification / Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	StreaksAI PLC
b)	LEI	984500FV43C9G16DK633
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Exercise of warrants
	Identification Code	GB00BMFCRZ80
b)	Nature of the transaction	Exercise of warrants at GBP 0.002 exercise price issued
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 0.002 500,000
d)	Aggregated information: · Aggregated volume · Price	500,000 Ordinary Shares £1,000
e)	Date of the transaction	28 January 2025
f)	Place of the Transaction	Outside of a trading venue

 

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