3 October 2024
Mobile Streams
plc
("MOS" or
"the Company")
Block Listing
Application
Mobile Streams plc, the AIM quoted
mobile content and data intelligence company, has today applied for
the block listing of up to a total of 1,526,823,193 new Ordinary
Shares of 0.01p each ("Ordinary Shares"). This figure is 20% of the
currently issued share capital, and in accordance with the block
listing process under Rule 29 of the AIM Rules would cover the
potential exercise of approximately 45% of the currently
outstanding Warrants (as further detailed below).
The Ordinary Shares subject to the
block admission will not be allotted immediately, but rather will
be issued and allotted on exercise of the Warrants from time to
time. On issue, these new Ordinary Shares will be issued as fully
paid and will rank pari passu in all respects with the existing
Ordinary Shares of the Company.
The Company will announce the number
of any Ordinary Shares issued and admitted under the block listing
at the end of each calendar month. The earliest expected effective
date of admission of any of these securities to AIM is 9 October
2024.
The Warrants outstanding are shown
in the table below.
|
Issued
|
Exercise
price
|
Number
|
Expiry
|
|
12 October 2022
|
0.3p
|
777,777,777
|
30 June
2025
|
|
15 January 2024 to 22 March
2024
|
0.15p
|
2,008,540,069
|
30 June
2025
|
|
31 July 2024 to 14 August
2024
|
0.039p
|
605,000,000
|
30 June
2025
|
The total warrants outstanding
exceed the block listing total of 1,526,823,193 new Ordinary
Shares. The Company currently expects that investors will exercise
a mixture of the 0.039p and 0.15p warrants, therefore the warrants
covered by this block listing are as shown below.
|
Issued
|
Exercise
price
|
Number
|
Expiry
|
|
15 January 2024 to 22 March
2024
|
0.15p
|
1,256,823,193
|
30 June
2025
|
|
31 July 2024 to 14 August
2024
|
0.039p
|
270,000,000
|
30 June
2025
|
Should investors seek to exercise
more warrants above this limit, the Company will either apply for a
further block listing or issue new Ordinary Shares without a block
listing.
The Company also announces that
under the previous Block Listing as announced on 4 October 2021 the
Company issued a total of 144,291,666 Ordinary Shares (out of a
total application for up to 484,768,300 new Ordinary Shares) and
given that the Warrants to which this application related have now
all lapsed, the Block Listing in respect of the remaining
340,476,634 Ordinary Shares outstanding has been
cancelled.
For further information, please
contact:
Mobile Streams plc
Nigel Burton, Adviser
+44 77 8523 4447
www.mobilestreams.com
Beaumont Cornish (Nominated
Adviser)
James Biddle and Roland
Cornish
+44 (0) 20 7628 3396
Peterhouse Capital Limited (Broker)
Lucy Williams and Duncan
Vasey
+44 (0) 20
7469 0930
Nominated Adviser
Beaumont Cornish Limited ("Beaumont
Cornish") is the Company's Nominated Adviser and is authorised and
regulated by the FCA. Beaumont Cornish's responsibilities as the
Company's Nominated Adviser, including a responsibility to advise
and guide the Company on its responsibilities under the AIM Rules
for Companies and AIM Rules for Nominated Advisers, are owed solely
to the London Stock Exchange. Beaumont Cornish is not acting for
and will not be responsible to any other persons for providing
protections afforded to customers of Beaumont Cornish nor for
advising them in relation to the proposed arrangements described in
this announcement or any matter referred to in it.