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On 21 November 2024, StreaksAI PLC granted a total of 21,500,000 warrants to subscribe for new ordinary shares to certain service providers and directors. Of these, 15,500,000 warrants were issued to directors Marallo Holdings Pte Ltd (Mike Edwards), Dark Peak Services Ltd (Nick Lyth), and Mark Rutledge, exercisable at 0.2 pence per share over three years. Following this issuance, StreaksAI PLC has a total of 77,650,000 warrants in issue.
| Date | 22 Nov 2024 |
| Time | 07:00:07 |
| Category | Director/PDMR dealings |
| ID | 2380N |
22 November 2024
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.
StreaksAI PLC
("StreaksAI" or "the Company")
Issue of Warrants and PDMR
StreaksAI PLC (LSE: STK), a UK-based generative AI platform, announces that it has granted a total of 21,500,000 warrants to subscribe for new ordinary shares of £0.001 each ("Warrants") to certain service providers and directors. The Warrants are exercisable at 0.2 pence per ordinary share and have an exercise period limit of three years, vesting immediately.
Following the issue of the Warrants, the Company has a total of 77,650,000 warrants in issue.
The directors of the Company have been granted, in aggregate, 15,500,000 Warrants as set out below.
|
Director |
Number of Warrants being issued |
Total number of Warrants held including this issue |
|
Marallo Holdings Pte Ltd (Mike Edwards) |
10,000,000 |
10,000,000 |
|
Dark Peak Services Ltd (Nick Lyth) |
5,000,000 |
5,000,000 |
|
Mark Rutledge |
500,000 |
500,000 |
For further information please contact:
|
StreaksAI PLC |
|
|
Mike Edwards Interim CEO |
via First Sentinel (Corporate Advisor) +44 20 3855 5551 |
|
Corporate Broker |
|
|
Brian Stockbridge (First Sentinel)
|
+44 20 3855 5551 |
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.
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Marallo Holdings Pte Ltd |
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|
2. |
Reason for the Notification |
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|
a) |
Position/status |
PCA of Mike Edwards, Chairman and Interim CEO 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 0.002 exercise price issued at Nil consideration |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information: · Aggregated volume · Price |
10,000,000 Ordinary Shares £20,000 |
||||
|
e) |
Date of the transaction |
21 November 2024 |
||||
|
f) |
Place of the Transaction |
Outside of a trading venue |
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|
1. |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Dark Peak Services Ltd |
||||
|
2. |
Reason for the Notification |
|||||
|
a) |
Position/status |
PCA of Nick Lyth, CFO 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 0.002 exercise price issued at Nil consideration |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information: · Aggregated volume · Price |
5,000,000 Ordinary Shares £10,000 |
||||
|
e) |
Date of the transaction |
21 November 2024 |
||||
|
f) |
Place of the Transaction |
Outside of a trading venue |
||||
|
1. |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Mark Rutledge |
||||
|
2. |
Reason for the Notification |
|||||
|
a) |
Position/status |
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 0.002 exercise price issued at Nil consideration |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information: · Aggregated volume · Price |
500,000 Ordinary Shares £1,000 |
||||
|
e) |
Date of the transaction |
21 November 2024 |
||||
|
f) |
Place of the Transaction |
Outside of a trading venue |
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