Result of Capital Raise, Issue of Equity & TVR

Result of Capital Raise

Issue of Equity & TVR

Mobile Streams plc (AIM: MOS), the AIM quoted mobile content and data intelligence company, is pleased to announce the result of the Capital Raise set out in the Company's announcement on 9 January 2024 (the "Capital Raise Announcement").

The Capital Raise will now, in aggregate, comprise the issue of 191,259,992 new Ordinary Shares raising gross proceeds of £114,756 comprising 116,003,326 Offer Shares (the "Offer Shares") and 75,256,666 Subscription Shares (the "Subscription Shares"). Combined, these Shares represent approximately 3.6 per cent. of the existing issued ordinary share capital of the Company prior to the Capital Raise.

The Offer Price of 0.06 pence represents a premium of approximately 14 per cent. to the Closing Mid-Market Price on 8 January 2024, being the day prior to the Capital Raise Announcement.

The Capital Raise included a Retail Offer, for a total of 66,003,326 new Ordinary Shares, via the BookBuild platform. Retail investors, who participated in the Retail Offer, were able to do so on the same terms as the Bookbuilding Process.

The Retail Offer was only made available to existing shareholders in the UK.

Mark Epstein, CEO of Mobile Streams, said, "We are delighted with the support we have received from our existing shareholders and are extremely pleased, given the current market conditions, to have raised additional funds at a premium to the prevailing share price and look forward to investing to support our expansion opportunities in Mexico in order to deliver value for our shareholders".

Admission

Application has been made for the admission of the Offer Shares to trading on AIM. The Offer Shares, when issued, will be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of 0.01 pence each in the capital of the Company (the "Existing Ordinary Shares"), including, without limitation, the right to receive all dividends and other distributions declared, made or paid after the date of issue. Admission is expected to become effective at 8.00 a.m. (London time) on 15 January 2024.

Application will be made for the admission of the Subscription Shares to trading on AIM. The Subscription Shares, when issued, will be credited as fully paid and will rank pari passu in all respects with the Existing Ordinary Shares, including, without limitation, the right to receive all dividends and other distributions declared, made or paid after the date of issue. Admission is expected to become effective at 8.00 a.m. (London time) on 22 January 2024.

Following Admission of the Offer Shares and Subscription Shares, the total number of Ordinary Shares in issue in the Company will be 5,525,201,611. The Company does not hold any shares in treasury and, therefore, following Admission, the number of voting shares in issue in the Company will be 5,525,201,611. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure Guidance and Transparency Rules.

The Capital Raise is conditional on Admission occurring.

Capitalised terms used but not defined in this announcement shall have the meaning given to them in the Capital Raise Announcement.