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On 4 January 2022, Mobile Streams plc issued a total of 4,584,492 Ordinary Shares to certain Directors, including Nigel Burton and Charles Goodfellow, and senior employee Annabel Jamieson, in satisfaction of remuneration up to 31 December 2021 at a Volume Weighted Average Price of 0.45 pence per share. These shares are expected to be admitted to trading on AIM around 12 January 2022, after which the Company's total voting rights will comprise 2,535,442,670 Ordinary Shares.
| Date | 4 Jan 2022 |
| Time | 17:07:26 |
| Category | Capital structure |
| ID | 4227X |
4 January 2022
Mobile Streams plc
("MOS" or "the Company")
Issue of shares, PDMR shareholding disclosures, Total Voting Rights
Issue of shares
The Company announces the issue of a total of 4,584,492 shares to certain Directors and senior employees under the agreements in place for the satisfaction of their remuneration up to 31 December 2021.
As explained in the RNS dated 30 April 2021, with effect from 1 April 2021, the Directors and senior employees reverted to their original contractual arrangements, which state that until such time as the Board determines otherwise, fees will be paid quarterly or half yearly in ordinary shares in the capital of the Company ("Ordinary Shares"), priced at the Volume Weighted Average Price ("VWAP") of the ordinary shares for the period to which the payment relates, after deduction and payment of all necessary taxes. Based on the budget and cash projections, the Board now considers that the Company is in a position to pay salaries in cash, although the directors and senior manager listed below have elected to continue to be paid in shares for this period.
For the 6 month period 1 July 31 December 2021 the VWAP was 0.45 pence per share. Accordingly, after making the aforementioned deductions, the Directors and senior employees listed below have been issued 1,528,164 Ordinary Shares each in satisfaction of accrued fees to 31 December 2021. To show their continuing support for the Company, these Directors and senior employees have all agreed not to sell these shares for a minimum period of 12 months.
As a result, the Directors have the following interests in the Company:
|
Director |
Ordinary Shares now held |
% of Issued Share Capital |
|
Nigel Burton |
95,747,070 |
3.78 |
|
Charles Goodfellow |
40,301,360 |
1.59 |
|
PDMR |
Ordinary Shares now held |
% of Issued Share Capital |
|
Annabel Jamieson |
62,897,514 |
2.48 |
Application for Admission to Trading on AIM
Application has been made for the aggregate 4,584,492 new Ordinary Shares of 0.01 pence each, which when issued will rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on AIM, which is expected to become effective at 8.00 a.m. on or around 12 January 2022.
Total Voting Rights
Following the issue of the 4,584,492 Ordinary Shares issued as above, the Company's issued share capital consists of 2,535,442,670 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.
The above figure of 2,535,442,670 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.
Director and PDMR shareholding disclosures
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Nigel Burton |
||||
|
2 |
Reason for notification |
|||||
|
a) |
Position / status |
Director |
||||
|
b) |
Initial notification /Amendment |
Initial |
||||
|
3 |
Details of the issuer, emission allowance market participant, auctionplatform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Mobile Streams plc |
||||
|
b) |
LEI |
LEI: 213800CJX7WW927QWP43 |
||||
|
4 |
Details of the transaction(s): section to be repeated for (i) each type ofinstrument; (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
Identification code |
Ordinary shares of 0.01 pence each in Mobile Stream plc
ISIN GB00B0WJ3L68 |
||||
|
|
Nature of the transaction |
Issue of shares in lieu of remuneration |
||||
|
c) |
Price(s) and volumes(s) |
|
||||
|
d) |
Aggregated information |
n/a |
||||
|
e) |
Date of the transaction |
31 December 2021 |
||||
|
f) |
Place of the transaction |
London Stock Exchange, AIM (XLON) |
||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Charles Goodfellow |
||||
|
2 |
Reason for notification |
|||||
|
a) |
Position / status |
Director |
||||
|
b) |
Initial notification /Amendment |
Initial |
||||
|
3 |
Details of the issuer, emission allowance market participant, auctionplatform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Mobile Streams plc |
||||
|
b) |
LEI |
LEI: 213800CJX7WW927QWP43 |
||||
|
4 |
Details of the transaction(s): section to be repeated for (i) each type ofinstrument; (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
Identification code |
Ordinary shares of 0.01 pence each in Mobile Stream plc
ISIN GB00B0WJ3L68 |
||||
|
|
Nature of the transaction |
Issue of shares in lieu of remuneration |
||||
|
c) |
Price(s) and volumes(s) |
|
||||
|
d) |
Aggregated information |
n/a |
||||
|
e) |
Date of the transaction |
31 December 2021 |
||||
|
f) |
Place of the transaction |
London Stock Exchange, AIM (XLON) |
||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Annabel Jamieson |
||||
|
2 |
Reason for notification |
|||||
|
a) |
Position / status |
Consultant |
||||
|
b) |
Initial notification /Amendment |
Initial |
||||
|
3 |
Details of the issuer, emission allowance market participant, auctionplatform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Mobile Streams plc |
||||
|
b) |
LEI |
LEI: 213800CJX7WW927QWP43 |
||||
|
4 |
Details of the transaction(s): section to be repeated for (i) each type ofinstrument; (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
Identification code |
Ordinary shares of 0.01 pence each in Mobile Stream plc
ISIN GB00B0WJ3L68 |
||||
|
|
Nature of the transaction |
Shares received as consideration |
||||
|
c) |
Price(s) and volumes(s) |
|
||||
|
d) |
Aggregated information |
n/a |
||||
|
e) |
Date of the transaction |
31 December 2021 |
||||
|
f) |
Place of the transaction |
London Stock Exchange, AIM (XLON) |
||||
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 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.
For further information, please contact:
Mobile Streams plc
Nigel Burton, Non-Executive Director
+44 77 8523 4447
www.mobilestreams.com
Beaumont Cornish (Nominated Adviser)
James Biddle and Roland Cornish
+44 (0) 20 7628 3396
Peterhouse Capital Limited (Broker)
Lucy Williams and Duncan Vasey
+44 (0) 20 7469 0930