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On 2 December 2025, Mobile Streams plc (MOS) announced that work on its Reverse Takeover (RTO) to acquire Estadio Gana and CMS, originally announced on 31 March 2025, is progressing. The Company also advised that in February 2025, its Board awarded director bonuses totaling £295,290 to Mark Epstein (£151,890), Stefano Loreti (£57,550), and John Barker (£85,850). These bonuses were not notified as an AIM Rule 13 Transaction or consulted with its Nominated Adviser at the time, and a resolution seeking shareholder ratification for the payments will be included in the Notice of General Meeting as part of the proposed RTO Admission Document, with independent Director Rama Uthayanan considering the terms fair and reasonable.
| Date | 2 Dec 2025 |
| Time | 10:49:16 |
| Category | Miscellaneous |
| ID | 8924J |
2 December 2025
Mobile Streams plc
("MOS" or "the Company")
RTO Update and AIM Rule 13 Transaction
RTO Update
Mobile Streams Plc (MOS) announces that work on the RTO as originally announced on 31 March 2025 is progressing well and the Company is working towards completing the acquisition of Estadio Gana and CMS as soon as practical.
The Company is looking forward to providing further updates in due course.
AIM Rule 13 Transaction
In addition, the Company advises that in February 2025 the Board awarded certain directors of the Company bonuses paid through the payroll as follows (the "Director Bonuses"):
Mark Epstein - £151,890.00
Stefano Loreti - £57,550.00
John Barker- £85,850
Total: £295,290.
This was not notified as an AIM Rule 13 Transaction at the time and the Company's Nominated Adviser was not consulted on the matter. Accordingly, whilst the independent Director, being Rama Uthayanan, considers the terms of the Director Bonuses to be fair and reasonable insofar as shareholders are concerned, it has been agreed that a standalone Resolution seeking ratification for the payment of the Director Bonuses be included in the Notice of General Meeting to be included as part of the proposed RTO Admission Document.
For further information, please contact:
Mobile Streams plc
John Barker, Chairman
+44 7711 920 865
Beaumont Cornish (Nominated Adviser)
James Biddle and Roland Cornish
+44 (0) 20 7628 3396
Peterhouse Capital Limited (Broker)
Lucy Williams, Duncan Vasey and Eran Zucker
+44 (0) 20 7469 0930
Nominated Adviser Statement
Beaumont Cornish Limited ("Beaumont Cornish"), is the Company's Nominated Adviser and is authorised and regulated in the United Kingdom by the Financial Conduct Authority. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other person for providing the protections afforded to customers of Beaumont Cornish nor for advising them in relation to the transaction and arrangements described in the announcement or any matter referred to in it.