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On 17 March 2022, Mobile Streams plc announced the issue of 116,666,666 new Ordinary Shares at 0.3p per share via a Broker Option, raising £350,000 gross. Each new share includes one warrant exercisable at 0.6p for 18 months, and following this issue, the Company's total voting rights comprise 3,111,773,659 ordinary shares.
| Date | 17 Mar 2022 |
| Time | 07:00:04 |
| Category | Capital structure |
| ID | 0593F |
17 March 2022
Mobile Streams plc
("MOS" or "the Company")
Broker Option significantly over-subscribed
Issue of 116,666,666 Ordinary Shares at 0.3p per share
Total Voting Rights
Mobile Streams plc, the AIM quoted mobile content and data intelligence company, is pleased to announce that, further to the announcement made on 15 March, the Broker Option, a facility to allow existing shareholders to participate in the Fundraise on similar terms to the Placing announced, has been materially over-subscribed for by existing shareholders of the Company.
Demand was received under the Broker Option for approximately £700,000, or 7 times the original minimum number of shares offered, with allocations scaled back so as to raise £350,000 gross at a price of 0.3 pence per share through the issue of 116,666,666 new Ordinary Shares.
A total of 116,666,666 ordinary shares of 0.01p nominal value each ("Broker Option shares") have been allotted conditional only on Admission with investors at 0.3 pence per share, the same price as the Placing announced on 15 March. Each Broker Option share will rank pari passu with existing Ordinary Shares and will be issued with one warrant per share exercisable at 0.6p 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 23 March 2022.
Application has been made for admission of the 116,666,666 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 23 March 2022.
Total Voting Rights
Following the issue of the Broker Option Shares as described above, the Company's issued share capital consists of 3,111,773,659 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 approximately half the demand to strike a balance between satisfying shareholder demand and restricting dilution to existing shareholders. We are now extremely well-funded, and the business is in the strongest position it has been in for years."
For further information, please contact:
Mobile Streams plc
Nigel Burton, Adviser
+44 77 8523 4447
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