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On 29 January 2025, StreaksAI PLC announced that Non-Executive Director Mark Rutledge exercised warrants over 500,000 ordinary shares at £0.002 each, resulting in the issuance of 500,000 new ordinary shares. Additionally, the Company granted 5,000,000 warrants, split equally between companies controlled by Directors Darcy Taylor and Matthew Lodge, exercisable at £0.01 per share with a three-year term. Following these transactions, StreaksAI's total issued and voting share capital will be 454,232,535 ordinary shares, and it will have 82,150,000 warrants in issue.
| Date | 29 Jan 2025 |
| Time | 07:00:06 |
| Category | Capital structure |
| ID | 0938V |
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) |
+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.
|
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) |
|
||||
|
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) |
|
||||
|
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) |
|
||||
|
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 |
||||