19 February 2024
Mobile Streams
plc
("MOS" or
"the Company")
Advisory Committee, IgniteAMT
Limited Agreement and Warrant issuance
Advisory Committee
formation
The Company is delighted to announce
the appointment of Farzad Peyman as the first member of an Advisory
Committee being set up to assist the Company expand into online
casino and sports book services.
Farzad brings significant experience
to the team. He is the founder of Virya
(www.virya.vc), a firm with a
team of independent specialist consultants supporting and investing
in the most promising and sustainable projects worldwide across
betting and gaming, web3, metaverse, blockchain and AI
technologies.
Previously he has held senior leadership roles
including CEO and CFO of Matchbook Betting Exchange, Group
Financial Controller at Sportingbet Plc (now part of Entain plc)
and executive advisory roles amongst other UK listed
businesses. Farzad has 18 years of
experience across B2C and B2B gaming companies and is a leader of
significant business change supporting product and marketing
development, trading risk management, M&A, corporate
restructuring, technology, governance, regulatory, compliance and
financial control.
Farzad has led a series
of mergers and acquisitions of sports betting, casino and sports
trading operations and oversaw the embedding of culture and
implementation of cost and revenue synergies post each
transaction.
IgniteAMT Limited
Agreement
MOS is also pleased to announce the expansion
of the contract between IgniteAMT Limited, a company in which
director Mark Epstein has a 33% interest ("Ignite"), and Krunchdata
Limited, a wholly owned subsidiary of the Company (the
"Agreement"). This Agreement replaces the original contract signed
in December 2018 between Ignite and Krunchdata Limited; MOS
acquired 100% of Krunchdata Limited in March 2022.
The Agreement has been expanded after a full
evaluation by the Board to ensure it provides fair and good value
to the Company as it scales up. The Agreement covers the provision
of office space, on a re-charged basis, as well as creative,
technical and office support to the Company in operating its
Streams data service and NFT platforms at on or below market rates,
contains a 90 day notice period and is subject to 6 monthly review.
In the year to 30 June 2023, Kruchdata Limited paid Ignite £172,000
of fees.
Accordingly, the Board, with the exception of
Mark Epstein, having consulted with the Company's nominated
adviser, Beaumont Cornish Limited, consider the terms of the
Agreement to be fair and reasonable insofar as
shareholders are concerned.
Warrant issuance
The Company is delighted to announce
that the board of directors voted unanimously in favour of
rewarding shareholders who took part in the recent raise announced
on 12 January 2024. This is to reflect their continued support of
the business and all those that took part in the recent capital
raise will receive warrants on a one for one basis at an exercise
price of 0.15p, thereby resulting in the issue of 191,259,992
warrants to subscribe for Ordinary Shares. These warrants will
expire on 15 January 2025.
The information contained within this announcement is deemed
by the Company to constitute inside information for the purposes of
Article 7 of the Market Abuse Regulation (EU) No. 596/2014 as
it forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018. Upon the publication of this announcement
via the Regulatory Information Service, this inside information is
now considered to be in the public domain.
About Mobile Streams
Mobile Streams delivers world class
gaming content to a global audience, through its
https://heroesnftclub.com/ site and mobilegaming.com platforms, our
long-standing carrier relationships in countries including India,
Argentina and Mexico, and through our Livescores
sites.
Our Streams data insight,
intelligence and visualisation services and marketing optimisation
tools support the content business, as well as serving enterprise
level bespoke clients and the Streams SaaS ("Software as a
Service") self-service platform. Our strategy is to deliver
next-generation content including gaming, Esports and related NFTs
to a global audience.
For further information, please
contact:
Mobile Streams plc
Nigel Burton
+44 77 8523 4447
www.mobilestreams.com
Beaumont Cornish (Nominated
Adviser)
James Biddle and Roland
Cornish
+44 (0) 20 7628 3396
Panmure Gordon (Sole
Broker)
Simon J French
Hugh Rich
Tel: +44 (0) 20 7886 2500