20 November 2024
Mobile Streams
plc
("MOS" or
"the Company")
Issue of share options to
Directors and PDMR, issue of shares to consultants, and Total
Voting Rights ("TVR")
Issue of share options to Directors and PDMR
Mobile Streams plc, the AIM quoted
mobile content and data intelligence company, announces the award
of share options to Directors and a senior employee.
The awards have been made to
strengthen the incentivisation of the team in line with usual
remuneration parameters, taking into account a) the salaries for
each individual, which are at the lower end of the range for
comparable companies, b) the ongoing work by the management team in
developing the Mexican opportunities, and c) the raising of
institutional funds by the Company as announced on 1 August, for
which no commission was paid.
In making this award the
Remuneration Committee has also noted the rise in the Company's
market capitalisation from £2.15 million on 1 July to a current
£25.80 million as of last night's closing share price. When the
Options were first proposed by the Board the Company's share price
was 0.085p and therefore the Remuneration Committee has agreed to
honour this exercise price but in recognising the current share
price, has determined that the Options shall only vest 12 months
from issue, being on 20 November 2025 and provided that such Option
holders remain with the Company at that time.
The Company intends to make option
awards on an annual basis, but is making these one-off awards now
given the significant milestones recently achieved.
The options have a ten year life
span from date of grant and can be exercised any time after the
vesting conditions have been met.
|
Name
|
Number
|
|
Mark Epstein - Chief Executive
Officer (Director)
|
175,000,000
|
|
Tom Gutteridge - Chief Product
Officer (PDMR)
|
125,000,000
|
|
John Barker - Chairman
(Director)
|
33,000,000
|
|
Total
|
333,000,000
|
Following the grant of the Options,
the total number of ordinary shares under option is 977,501,000,
representing 11.4% of the Company's current issued ordinary share
capital. The 208m options awarded to certain directors represents
2.4% of the Company's current issued ordinary share capital,
bringing the total options awarded to directors in the past 12
months to 4.99%.
Issue of shares to consultants
The Company announces the issue of a
total of 27,946,969 Ordinary Shares to a consultant under the
agreement in place for the satisfaction of their outstanding
remuneration up to 30 September 2024. As a result of this share
issue Nigel Burton now holds a total of 209,036,496 shares,
representing 2.44% of the resulting share capital of the
Company.
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|
a)
|
Name
|
Nigel Burton
|
|
2
|
Reason for notification
|
|
a)
|
Position / status
|
PDMR
|
|
b)
|
Initial notification
/Amendment
|
Initial
|
|
3
|
Details of the issuer, emission allowance market participant, auction
platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
Mobile Streams plc
|
|
b)
|
LEI
|
LEI: 213800CJX7WW927QWP43
|
|
4
|
Details of the transaction(s):
section to be repeated for (i) each type ofinstrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
|
|
a)
|
Description of the financial instrument, type of instrument
Identification code
|
Ordinary shares of 0.01 pence each in
Mobile Streams plc
ISIN GB00B0WJ3L68
|
|
|
Nature of the transaction
|
Issue of shares in lieu of
remuneration
|
|
c)
|
Price(s) and volumes(s)
|
|
Price(s)
|
Volumes(s)
|
|
0.059 pence
|
27,946,969
|
|
|
d)
|
Aggregated information
|
n/a
|
|
e)
|
Date of the transaction
|
11 November 2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange, AIM
(XLON)
|
The Company also announces the issue
of a total of 71,736,011 Ordinary Shares in settlement of advisory
fees. The shares will be issued at a share price of
0.0697p.
Application will be made to the
London Stock Exchange for admission of the 99,682,980
Ordinary Shares resulting from the issue of shares to
consultants and advisors to trading on AIM. It is expected that
admission will become effective and dealings in these Ordinary
Shares will commence at 8.00 a.m. on or around 27 November
2024.
Total Voting Rights
Following the issue of the Ordinary
Shares as described above, the Company's issued share capital
consists of 8,576,026,001 ordinary shares with a nominal value of
0.01p each, with voting rights. The Company does not hold any
Ordinary Shares in Treasury.
Therefore, the above figure may be
used by shareholders in the Company as the denominator for the
calculation by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
share capital of the Company under the FCA's Disclosure Guidance
and Transparency Rules.
This announcement contains inside
information for the purposes of Article 7 of the Market Abuse
Regulations (EU) No. 596/2014, as it forms part of UK Domestic Law
by virtue of the European Union (Withdrawal) Act 2018. Upon
publication of this announcement, this inside information is now
considered to be in the public domain.
For further information, please
contact:
Mobile Streams plc
John Barker, Chairman
+44 7711920865
Mark Epstein
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 Statement
Beaumont Cornish Limited ("Beaumont Cornish"), is the Company's
Nominated Adviser and is authorised and regulated in the United
Kingdom by the Financial Conduct Authority. 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 the announcement or any
matter referred to in it.