Streaks Gaming PLC Admission to the Official List (7303L)
05 January 2023 - 6:00PM
UK Regulatory
TIDMSTK
RNS Number : 7303L
Streaks Gaming PLC
05 January 2023
5 January 2023
Streaks Gaming PLC
('Streaks or 'the Company')
Admission to the Official List and First Day of Dealings
Streaks, a UK-based provider of conversational gaming, is
pleased to announce that its ordinary shares of GBP0.001 each
(Ordinary Shares) have been admitted to the Standard Segment of the
Official List and to trading on the Main Market of the London Stock
Exchange, following a successful placing of Ordinary Shares to
raise GBP3m before expenses for the Company.
First dealings in the Ordinary Shares are due to commence at 8am
today under the ticker symbol STK, making Streaks the first
conversational gaming provider to join the London stock market.
A total of 100,000,000 ordinary shares (representing 26.4% of
the Company's issued share capital on Admission) were placed at 3
pence per share, valuing Streaks at a market capitalisation of
GBP11.3 million.
On admission, the Company will have 378,312,535 ordinary shares
in issue.
Tennyson Securities Ltd acted as the broker to the Company.
The purpose of the flotation is to raise the public profile and
provide new funds for the Company's expansion and long-term
growth.
Commenting on Streaks flotation, Mike Edwards, Non-Executive
Chairman, said:
"Streaks admission to the London Stock Exchange Main Market is a
major step in the Company's development and will put us in a strong
position to execute our long-term growth strategy."
Company highlights
The Company plans to create a global conversational gaming
platform based on powerful Natural Language Processing (NLP) text
generators like GPT-3. As sports betting is increasingly being
legalised across the United States, it is expected that many first
time bettors will be first introduced to betting through
conversational gaming. The Directors believe that Streaks will be
able to leverage conversational gaming to service the growing
demand for US sports betting.
The Company's conversational games will be free to play and will
not involve betting, wagering or any other activity that requires
licensing.
The Company's prospectus published in connection with its
listing is available on the Company's website at
www.playstreaks.com/ prospectus and on the National Storage
Mechanism.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Streaks Gaming PLC
Mike Edwards via First Sentinel
Non-Executive Chairman +44 203 989 2222
-------------------
Tennyson Securities
-------------------
Bookrunner and Corporate
Broker
Peter Krens +44 207 186 9030
-------------------
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