Exercise of Warrants & Total Voting Rights (“TVR”)
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A total of 205,000,000 warrants have been exercised at 0.039p per share, 9,142,857 warrants have been exercised at 0.15p per share and 103,288,889 warrants have been exercised at 0.3p per share, resulting in proceeds received of £403,531.
A total of 1,185,470,536 Ordinary Shares have now been issued pursuant to the exercise of warrants at 0.15p per share under the Block Listing Application announced on 3 October 2024, amounting to 94% of the 0.15p warrants under the Block Listing Application.
Application will be made to the London Stock Exchange for admission of the 205,000,000 Ordinary Shares resulting from the issue of the 0.039p warrants and 103,288,889 Ordinary Shares resulting from the issue of the 0.3p warrants that were not covered by the Block Listing Application, on resumption of trading on AIM in due course, either in conjunction with the completion of the RTO as announced on 31 March 2025 or otherwise.
Total Voting Rights
Following the issue of the Ordinary Shares as described above, the Company's issued share capital consists of 10,269,259,735 ordinary shares with a nominal value of 0.01p each, with voting rights. The Company does not hold any Ordinary Shares in Treasury.
Extension of Director, PDMR and Commercial Partner Warrants
Mobile Streams plc, the AIM quoted mobile content and data intelligence company, announces the extension of the expiry of warrants held by certain Directors, PDMRs (Persons Discharging Management Responsibilities) and certain commercial partners.
Although the proposed acquisition of Estadio Gana was announced on 31 March, the Directors, PDMRs and certain commercial partners are engaged in additional discussions which may or may not lead to the Company working with a number of well-known global brands which may work with the Company to access our platforms and audience reach in Mexico.
As a result, it is considered that these Directors, PDMRs and commercial partners are precluded from dealing under the Company's Share Dealing Policy and therefore not currently in a position to exercise their warrants. As detailed below, Directors and management hold a total of 18,449,934 warrants at 0.3p and 172,823,810 warrants at 0.15p, representing a total of 191,273,744 being 1.86% of the Company's issued share capital. The commercial partners hold a total of 591,008,566 warrants at 0.15p.
| 0.15p | 0.30p | ||
| Mark Epstein | CEO, Director | 35,714,286 | 6,149,978 |
| John Barker | Chairman, Director | 29,966,666 | |
| Thomas Gutteridge | PDMR | 35,714,286 | 6,149,978 |
| Nigel Burton | PDMR | 71,428,572 | 6,149,978 |
| Total | 172,823,810 | 18,449,934 |
It has therefore been decided to extend the expiry of these warrants until the later of 31 December 2025, or the date 3 months following resumption in trading of the Company's shares.
Noting that Mark Epstein, John Barker and Thomas Gutteridge are directors of the Company and/ or its subsidiaries the extension of the warrant exercise date (the "Transaction") is a Related Party Transaction under AIM Rule 13. Accordingly, the independent directors, being Rama Uthayanan and Stefano Loreti, having consulted with the Company's nominated adviser, Beaumont Cornish Limited, consider the terms of the Transaction to be fair and reasonable insofar as shareholders are concerned.
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