Mobile Streams plc Subscription of 40,000,000 New Ordinary Shares (2039R)
February 27 2019 - 1:01AM
UK Regulatory
TIDMMOS
RNS Number : 2039R
Mobile Streams plc
27 February 2019
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO
CONSTITUTE INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE
MARKET ABUSE REGULATION (EU) NO. 596/2014. UPON THE PUBLICATION OF
THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE
IN THE PUBLIC DOMAIN.
Mobile Streams plc
("MOS" or the "Company")
Subscription to raise funds to finance international
expansion
Mobile Streams plc (AIM:MOS), the global mobile content
retailer, is pleased to announce a fundraising of GBP140,000
(before expenses) (the "Subscription") through the issue of
40,000,000 new ordinary shares of GBP0.002 (the "Subscription
Shares") per share by way of a subscription at 0.35 pence per
Subscription Share (the "Subscription Price"). The Subscription
Price represents a discount of approximately 12.5 per cent. to the
closing mid-market price of price of 0.40 pence per share on 26
February 2019.
The subscription was undertaken pursuant to the resolutions
passed at the Company's most recent General Meeting on 19 February,
2019.
The net proceeds of the Subscription will be used to finance the
working capital requirements as well as the facilitating the launch
of the Company's services into Indonesia.
Application will be made to the London Stock Exchange for the
admission to trading on AIM ("Admission") of the Subscription
Shares and is expected to occur on or about at 8.00 a.m. on 5 March
2019. On Admission, the Subscription Shares will rank pari passu
with the Company's existing Ordinary Shares. Following Admission,
the Company's issued share capital will comprise 140,752,533
Ordinary Shares. This figure represents the total voting rights in
the Company and may be used by shareholders as the denominator for
the calculations by which they can determine if they are required
to notify their interest in, or a change to their interest in the
Company under the Financial Conduct Authority's Disclosure and
Transparency Rules.
Simon Buckingham, Chief Executive Officer of Mobile Streams plc,
commented:
"We are delighted by this increased support from our existing
investors. We are excited by the potential to launch our
mobilegaming.com games services in the large Indonesian
market."
For further enquiries:
Mobile Streams plc +1 347 669 9068
Simon Buckingham, Chief Executive
Officer
Enrique Benasso, Chief Financial
Officer
Nplus1 Singer Advisory LLP
(Nominated Adviser and Broker) +44 (0)20 7496 3000
Mark Taylor
George Tzimas
Notes to Editors
About Mobile Streams
Founded in 1999, Mobile Streams distributes mobile content
directly to consumers through its mobilegaming.com cross-platform
games store. In 2006, the company completed an IPO in London (L:
MOS). Mobile Streams operates globally through subsidiaries in
North America, Latin America, Europe and Asia Pacific.
Disclaimer
This announcement contains certain forward-looking statements.
These statements are made by the Company's directors in good faith
based on the information available to them up to the time of their
approval of this announcement but such statements should be treated
with caution due to inherent uncertainties, including both economic
and business factors, underlying such forward-looking information.
This announcement has been prepared solely to provide additional
information to shareholders to assess the Group's strategies and
the potential for those strategies to succeed. This announcement
should not be relied on by any other party or for any other
purpose.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
IOEBQLLLKLFZBBF
(END) Dow Jones Newswires
February 27, 2019 02:01 ET (07:01 GMT)
Mobile Streams (LSE:MOS)
Historical Stock Chart
From Apr 2024 to May 2024
Mobile Streams (LSE:MOS)
Historical Stock Chart
From May 2023 to May 2024