Issue of Warrants and PDMR
StreaksAI issues 21.5m warrants to directors and service providers at 0.2p exercise price.
- Warrants issued 21,500,000
- Exercise price per ordinary share 0.2 pence
- Total warrants in issue 77,650,000
- Exercise period 3 years
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StreaksAI PLC (LSE: STK), a UK-based generative AI platform, announces that it has granted a total of 21,500,000 warrants to subscribe for new ordinary shares of £0.001 each ("Warrants") to certain service providers and directors. The Warrants are exercisable at 0.2 pence per ordinary share and have an exercise period limit of three years, vesting immediately.
Following the issue of the Warrants, the Company has a total of 77,650,000 warrants in issue.
The directors of the Company have been granted, in aggregate, 15,500,000 Warrants as set out below.
| Director | Number of Warrants being issued | Total number of Warrants held including this issue |
|---|---|---|
| Marallo Holdings Pte Ltd (Mike Edwards) | 10,000,000 | 10,000,000 |
| Dark Peak Services Ltd (Nick Lyth) | 5,000,000 | 5,000,000 |
| Mark Rutledge | 500,000 | 500,000 |
For more information on the Conversational AI product, please visit www.streaks.ai.
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Marallo Holdings Pte Ltd | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | PCA of Mike Edwards, Chairman and Interim CEO of StreaksAI PLC | ||||
| b) | Initial notification / Amendment | Initial notification | ||||
| a) | Name | StreaksAI PLC | ||||
| b) | LEI | 984500FV43C9G16DK633 | ||||
| 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 0.00 2 exercise price issued at Nil consideration | ||||
| c) | Price(s) and volume(s) |
10 ,000,000 | ||||
| d) | Aggregated information: · Aggregated volume · Price | 10 ,000,000 Ordinary Shares £20,000 | ||||
| e) | Date of the transaction | 2 1 November 2024 | ||||
| f) | Place of the Transaction | Outside of a trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Dark Peak Services Ltd | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | PCA of Nick Lyth , CFO of StreaksAI PLC | ||||
| b) | Initial notification / Amendment | Initial notification | ||||
| a) | Name | StreaksAI PLC | ||||
| b) | LEI | 984500FV43C9G16DK633 | ||||
| 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 0.00 2 exercise price issued at Nil consideration | ||||
| c) | Price(s) and volume(s) |
5 ,000,000 | ||||
| d) | Aggregated information: · Aggregated volume · Price | 5 ,000,000 Ordinary Shares £10,000 | ||||
| e) | Date of the transaction | 2 1 November 2024 | ||||
| f) | Place of the Transaction | Outside of a trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Mark Rutledge | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Non-Executive Director of StreaksAI PLC | ||||
| b) | Initial notification / Amendment | Initial notification | ||||
| a) | Name | StreaksAI PLC | ||||
| b) | LEI | 984500FV43C9G16DK633 | ||||
| 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 0.00 2 exercise price issued at Nil consideration | ||||
| c) | Price(s) and volume(s) |
500,000 | ||||
| d) | Aggregated information: · Aggregated volume · Price | 500,000 Ordinary Shares £1,000 | ||||
| e) | Date of the transaction | 2 1 November 2024 | ||||
| f) | Place of the Transaction | Outside of a trading venue |
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