RTO Update and AIM Rule 13 Transaction
Mobile Streams plc provided an update on its Reverse Takeover (RTO) of Estadio Gana and CMS, confirming progress and aiming for completion soon. The company also disclosed director bonuses totaling £295,290 paid in February 2025, including £151,890 to Mark Epstein, £57,550 to Stefano Loreti, and £85,850 to John Barker. This was not initially notified as an AIM Rule 13 transaction, and a resolution to ratify these payments will be included in the RTO Admission Document.
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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.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.