Exercise of Warrants and TVR
Gana Media Group plc announced the exercise of 544,133,566 warrants at 0.15p per share, generating £816,200 in proceeds, with no further warrants outstanding except those issued in December 2025. Application will be made for the admission of these new ordinary shares to the London Stock Exchange, expected to be effective around March 26, 2026. Following this, the company's total issued share capital stands at 17,735,957,237 ordinary shares. Directors Stefano Loreti, Mark Epstein, Tom Gutteridge, and John Barker exercised warrants, resulting in changes to their respective shareholdings and percentages.
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Gana Media Group plc (formerly Mobile Streams plc), the AIM quoted content and data intelligence company which aims to create a leading integrated sports, media and entertainment conglomerate focused within the Latin American region, and particularly the Mexican market, is pleased to announce the exercise of warrants by a number of investors including Directors and PDMR as outlined below.
In total, 544,133,566 warrants have been exercised at 0.15p per share, resulting in proceeds received of £816,200. No further warrants remain outstanding, other than those at 0.75p issued in connection with the fund raise in December 2025.
Application will be made to the London Stock Exchange for admission of the 544,133,566 Ordinary Shares resulting from the issue of these warrants. It is expected that admission will become effective and dealings in these Ordinary Shares will commence at 8.00 a.m. on or around 26 March 2026.
Following these exercises, the holdings of the Directors and PDMR who have exercised warrants today are as shown below.
| Warrants Exercised | Resultant Shareholding | % | |
|---|---|---|---|
| Stefano Loreti | 218,258,929 | 876,357,852 | 4.94 |
| Mark Epstein | 23,883,929 | 1,144,813,398 | 6.45 |
| Tom Gutteridge | 23,883,929 | 210,648,473 | 1.19 |
| John Barker | 69,053,391 | 417,454,515 | 2.35 |
Total Voting Rights ("TVR")
Following the issue of the Ordinary Shares as described above, the Company's issued share capital consists of 17,735,957,237 ordinary shares with a nominal value of 0.01p each, with voting rights. The Company does not hold any Ordinary Shares in Treasury.
| a) | Name | Stefano Loreti |
| 2 | Reason for notification | |
| a) | Position / status | Director |
| b) | I niti a l noti f i ca t i on /Am e ndm e nt | Initial |
| a) | Name | Gana Media Group plc |
| b) | LEI | LEI: 213800CJX7WW927QWP43 |
| a) | D e s cr iption of the f in a n c i a l inst r um e nt, t y pe of inst r um e nt I d e nti f i ca tion c o d e | Ordinary shares of 0.01 pence each in Mobile Stream plc ISIN GB00B0WJ3L68 |
| Nature of the transaction | Purchase of shares | |
| c) | Price(s) and volumes(s) | Price(s) Volumes(s) 0.15 pence 218,258,929 |
| d) | Aggregated information | n/a |
| e) | Date of the transaction | 20 March 2026 |
| f) | Place of the transaction | London Stock Exchange, AIM (XLON) |
| a) | Name | Mark Epstein |
| 2 | Reason for notification | |
| a) | Position / status | Director |
| b) | I niti a l noti f i ca t i on /Am e ndm e nt | Initial |
| a) | Name | Gana Media Group plc |
| b) | LEI | LEI: 213800CJX7WW927QWP43 |
| a) | D e s cr iption of the f in a n c i a l inst r um e nt, t y pe of inst r um e nt I d e nti f i ca tion c o d e | Ordinary shares of 0.01 pence each in Mobile Stream plc ISIN GB00B0WJ3L68 |
| Nature of the transaction | Purchase of shares | |
| c) | Price(s) and volumes(s) | Price(s) Volumes(s) 0.15 pence 23,883,929 |
| d) | Aggregated information | n/a |
| e) | Date of the transaction | 20 March 2026 |
| f) | Place of the transaction | London Stock Exchange, AIM (XLON) |
| a) | Name | Tom Gutteridge |
| 2 | Reason for notification | |
| a) | Position / status | PDMR |
| b) | I niti a l noti f i ca t i on /Am e ndm e nt | Initial |
| a) | Name | Gana Media Group plc |
| b) | LEI | LEI: 213800CJX7WW927QWP43 |
| a) | D e s cr iption of the f in a n c i a l inst r um e nt, t y pe of inst r um e nt I d e nti f i ca tion c o d e | Ordinary shares of 0.01 pence each in Mobile Stream plc ISIN GB00B0WJ3L68 |
| Nature of the transaction | Purchase of shares | |
| c) | Price(s) and volumes(s) | Price(s) Volumes(s) 0.15 pence 23,883,929 |
| d) | Aggregated information | n/a |
| e) | Date of the transaction | 20 March 2026 |
| f) | Place of the transaction | London Stock Exchange, AIM (XLON) |
| a) | Name | John Barker |
| 2 | Reason for notification | |
| a) | Position / status | Director |
| b) | I niti a l noti f i ca t i on /Am e ndm e nt | Initial |
| a) | Name | Gana Media Group plc |
| b) | LEI | LEI: 213800CJX7WW927QWP43 |
| a) | D e s cr iption of the f in a n c i a l inst r um e nt, t y pe of inst r um e nt I d e nti f i ca tion c o d e | Ordinary shares of 0.01 pence each in Mobile Stream plc ISIN GB00B0WJ3L68 |
| Nature of the transaction | Purchase of shares | |
| c) | Price(s) and volumes(s) | Price(s) Volumes(s) 0.15 pence 69,053,391 |
| d) | Aggregated information | n/a |
| e) | Date of the transaction | 20 March 2026 |
| f) | Place of the transaction | London Stock Exchange, AIM (XLON) |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.