Exercise of Warrants, PDMR and Grant of Warrants
Non-Executive Director exercised 500,000 warrants; Company granted 5m warrants to two Directors.
- Ordinary Shares exercised by Mark Rutledge 500,000
- Exercise price per share £0.002
- Total Warrants granted to Directors 5,000,000
- Exercise price for granted Warrants £0.01
- Total issued and voting share capital post-Admission 454,232,535 Ordinary Shares
- Total Warrants in issue following transactions 82,150,000
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StreaksAI PLC (LSE: STK), a UK-based generative AI platform, announces that it has received notice from Mark Rutledge, Non-Executive Director of StreaksAI, to exercise warrants over 500,000 ordinary shares of £0.001 each in the Company ("Ordinary Shares") at an exercise price of £0.002 per Ordinary Share ("New Ordinary Shares"). As a result, the Company will issue 500,000 New Ordinary Shares to Mark Rutledge.
Admission and Total Voting Rights
Application will be made for the New Ordinary Shares, which will rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on the London Stock Exchange Main Market ("Admission"). Dealings are expected to commence on or around 04 February 2025.
Following Admission, the Company's total issued and voting share capital will consist of 454,232,535 Ordinary Shares. The Company does not hold any ordinary shares in treasury.
Grant of Warrants
StreaksAI also announces that it has granted a total of 5,000,000 Warrants to two Directors (through companies owned by them) of the Company to subscribe for new ordinary shares of £0.001 each ("Warrants") as outlined below. The Warrants are exercisable at £0.01 per ordinary share and have an exercise period limit of three years, vesting immediately.
| Director | Number of Warrants being issued | Total number of Warrants held including this issue |
|---|---|---|
| Letter 4 Consulting Ltd (a company controlled by Darcy Taylor) | 2,500,000 | 2,500,000 |
| Fidelio Partners Pte Ltd (a company controlled by Matthew Lodge) | 2,500,000 | 2,500,000 |
Following the issue of the Warrants and exercise of Warrants, the Company will have a total of 82,150,000 warrants in issue.
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 | Letter 4 Consulting Ltd | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | PCA of Darcy Taylor, N on-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 0.0 1 exercise price issued at Nil consideration | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: · Aggregated volume · Price | 2,500,000 Ordinary Shares £25,000 | ||||
| e) | Date of the transaction | 28 January 2025 | ||||
| f) | Place of the Transaction | Outside of a trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Fidelio Partners Pte Ltd | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | PCA of Matthew Lodge, Chairman and Chief Executive Officer 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 0.0 1 exercise price issued at Nil consideration | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: · Aggregated volume · Price | 2,500,000 Ordinary Shares £25,000 | ||||
| e) | Date of the transaction | 28 January 2025 | ||||
| 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 | Mark Rutledge, 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 | E xercise of warrants | ||||
| Identification Code | GB00BMFCRZ80 | |||||
| b) | Nature of the transaction | Exercise of warrants at GBP 0.00 2 exercise price issued | ||||
| 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 | 28 January 2025 | ||||
| f) | Place of the Transaction | Outside of a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.