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Share Name Share Symbol Market Type Share ISIN Share Description
Mobile Streams Plc LSE:MOS London Ordinary Share GB00B0WJ3L68 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.235 0.23 0.24 0.24 0.235 0.24 8,688,372 08:00:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mobile Telecommunications 1.3 -0.6 -0.4 - 6

Mobile Streams plc Issue of shares, PDMR shareholdings, TVR

30/04/2021 7:00am

UK Regulatory (RNS & others)


Mobile Streams (LSE:MOS)
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From Feb 2021 to Aug 2021

Click Here for more Mobile Streams Charts.

TIDMMOS

RNS Number : 1463X

Mobile Streams plc

30 April 2021

30 April 2021

Mobile Streams plc

("MOS" or "the Company")

Issue of shares, PDMR shareholding disclosures, Total Voting Rights

Issue of shares

The Company announces the issue of a total of 182,812,500 shares to the Directors and two senior employees under the agreements in place for the satisfaction of their remuneration up to 31 March 2021.

At the time of their appointment in 2019, as outlined in the Company's Circular dated 5 November 2019, the three Directors appointed on 26 November 2019, namely Nigel Burton, Charles Goodfellow and Mark Epstein and two senior employees Annabel Jamieson and Tom Gutteridge, all agreed to annual remuneration of GBP30,000 each, and also agreed to accept payment for their services in Ordinary Shares, subject to deduction and payment of all necessary taxes, until such time as the Directors were satisfied that the Company was able to make these payments from operating cashflow.

Subsequently, and as outlined in the Company's Circular dated 30 March 2020, these arrangements were amended in order to defer the cash costs (principally National Insurance and PAYE taxes) to the Company. It was then agreed that the issue of these Ordinary Shares would be deferred until the interim results to 31 December 2020 were issued in early 2021, and would be issued at the March 2020 Placing Price of 0.08p per Ordinary Share.

Accordingly, after making the aforementioned deductions, the Directors and senior employees have been issued 36,562,500 Ordinary Shares each in satisfaction of accrued fees to 31 March 2021. To show their continuing support for the Company, these Directors and senior employees have all agreed not to sell these shares for a minimum period of 12 months.

As a result, the Directors have the following interests in the Company:

 
 Director              Ordinary Shares now   % of Issued Share 
                                      held             Capital 
 Mark Epstein                   59,122,154                2.52 
                      --------------------  ------------------ 
 Nigel Burton                   45,375,557                1.94 
                      --------------------  ------------------ 
 Charles Goodfellow             36,562,500                1.56 
                      --------------------  ------------------ 
 

Application for Admission to Trading on AIM

Application has been made for the aggregate 182,812,500 new Ordinary Shares of 0.01 pence each, which when issued will rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on AIM, which is expected to become effective at 8.00 a.m. on or around 7 May 2021.

Total Voting Rights

Following the issue of the 182,812,500 Ordinary Shares issued as above, the Company's issued share capital will consist of 2,343,496,365 Ordinary Shares with a nominal value of 0.01p each, with voting rights ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury.

The above figure of 2,343,496,365 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.

Ongoing Directors' Remuneration Arrangements

With effect from 1 April 2021, the Directors and senior employees will revert to their original contractual arrangements, which state that until such time as the Board determines otherwise, fees will be paid quarterly or half yearly in ordinary shares in the capital of the Company ("Ordinary Shares"), priced at the Volume Weighted Average Price ("VWAP") of the ordinary shares for the period to which the payment relates, after deduction and payment of all necessary taxes. It has therefore been agreed that this will apply to the 3 month period 1 April to 30 June 2021 and thereafter on a half yearly basis.

Director and PDMR shareholding disclosures

 
 1    Details of t he p erson disc harging managerial responsib ilities 
       / p erson closely associated 
 a)   Name                                       Mark Epstein 
     -----------------------------------------  ------------------------------ 
 2    Reason for notification 
     ------------------------------------------------------------------------- 
 a)   Position / status                          Director 
     -----------------------------------------  ------------------------------ 
 b)   I nitial notification                      Initial 
       /Amendment 
     -----------------------------------------  ------------------------------ 
 3    Details of t he issu er, e mission allow a n ce m a r k et participan 
       t, au ct ionplat for m, au ction eer or auc tion monitor 
     ------------------------------------------------------------------------- 
 a)   Name                                       Mobile Streams plc 
     -----------------------------------------  ------------------------------ 
 b)   LEI                                        LEI: 213800CJX7WW927QWP43 
     -----------------------------------------  ------------------------------ 
 4    Details of t he t ransact ion (s): section to be re p eated 
       for ( i) e a ch type ofinstr u m e n t; (ii) each type of transac 
       tion; (iii) each date; and ( iv) each place w h ere transactions 
       have b een condu cted 
     ------------------------------------------------------------------------- 
 a)   Description of the financial instrument,   Ordinary shares of 0.01 pence 
       t ype of instrument                        each in Mobile Stream plc 
 
       I d e ntification code                     ISIN GB00B0WJ3L68 
     -----------------------------------------  ------------------------------ 
      Nature of the transaction                  Issue of shares in lieu of 
                                                  remuneration 
     -----------------------------------------  ------------------------------ 
 c)   Price(s) and volumes(s)                      Price(s)      Volumes(s) 
                                                    0.08 pence    36,562,500 
                                                                 ----------- 
     -----------------------------------------  ------------------------------ 
 d)   Aggregated information                     n/a 
     -----------------------------------------  ------------------------------ 
 e)   Date of the transaction                    29 April 2021 
     -----------------------------------------  ------------------------------ 
 f)   Place of the transaction                   London Stock Exchange, AIM 
                                                  (XLON) 
     -----------------------------------------  ------------------------------ 
 
 
 1    Details of t he p erson disc harging managerial responsib ilities 
       / p erson closely associated 
 a)   Name                                       Nigel Burton 
     -----------------------------------------  ------------------------------ 
 2    Reason for notification 
     ------------------------------------------------------------------------- 
 a)   Position / status                          Director 
     -----------------------------------------  ------------------------------ 
 b)   I nitial notification                      Initial 
       /Amendment 
     -----------------------------------------  ------------------------------ 
 3    Details of t he issu er, e mission allow a n ce m a r k et participan 
       t, au ct ionplat for m, au ction eer or auc tion monitor 
     ------------------------------------------------------------------------- 
 a)   Name                                       Mobile Streams plc 
     -----------------------------------------  ------------------------------ 
 b)   LEI                                        LEI: 213800CJX7WW927QWP43 
     -----------------------------------------  ------------------------------ 
 4    Details of t he t ransact ion (s): section to be re p eated 
       for ( i) e a ch type ofinstr u m e n t; (ii) each type of transac 
       tion; (iii) each date; and ( iv) each place w h ere transactions 
       have b een condu cted 
     ------------------------------------------------------------------------- 
 a)   Description of the financial instrument,   Ordinary shares of 0.01 pence 
       t ype of instrument                        each in Mobile Stream plc 
 
       I d e ntification code                     ISIN GB00B0WJ3L68 
     -----------------------------------------  ------------------------------ 
      Nature of the transaction                  Issue of shares in lieu of 
                                                  remuneration 
     -----------------------------------------  ------------------------------ 
 c)   Price(s) and volumes(s)                      Price(s)      Volumes(s) 
                                                    0.08 pence    36,562,500 
                                                                 ----------- 
     -----------------------------------------  ------------------------------ 
 d)   Aggregated information                     n/a 
     -----------------------------------------  ------------------------------ 
 e)   Date of the transaction                    29 April 2021 
     -----------------------------------------  ------------------------------ 
 f)   Place of the transaction                   London Stock Exchange, AIM 
                                                  (XLON) 
     -----------------------------------------  ------------------------------ 
 
 
 1    Details of t he p erson disc harging managerial responsib ilities 
       / p erson closely associated 
 a)   Name                                       Charles Goodfellow 
     -----------------------------------------  ------------------------------ 
 2    Reason for notification 
     ------------------------------------------------------------------------- 
 a)   Position / status                          Director 
     -----------------------------------------  ------------------------------ 
 b)   I nitial notification                      Initial 
       /Amendment 
     -----------------------------------------  ------------------------------ 
 3    Details of t he issu er, e mission allow a n ce m a r k et participan 
       t, au ct ionplat for m, au ction eer or auc tion monitor 
     ------------------------------------------------------------------------- 
 a)   Name                                       Mobile Streams plc 
     -----------------------------------------  ------------------------------ 
 b)   LEI                                        LEI: 213800CJX7WW927QWP43 
     -----------------------------------------  ------------------------------ 
 4    Details of t he t ransact ion (s): section to be re p eated 
       for ( i) e a ch type ofinstr u m e n t; (ii) each type of transac 
       tion; (iii) each date; and ( iv) each place w h ere transactions 
       have b een condu cted 
     ------------------------------------------------------------------------- 
 a)   Description of the financial instrument,   Ordinary shares of 0.01 pence 
       t ype of instrument                        each in Mobile Stream plc 
 
       I d e ntification code                     ISIN GB00B0WJ3L68 
     -----------------------------------------  ------------------------------ 
      Nature of the transaction                  Issue of shares in lieu of 
                                                  remuneration 
     -----------------------------------------  ------------------------------ 
 c)   Price(s) and volumes(s)                      Price(s)      Volumes(s) 
                                                    0.08 pence    36,562,500 
                                                                 ----------- 
     -----------------------------------------  ------------------------------ 
 d)   Aggregated information                     n/a 
     -----------------------------------------  ------------------------------ 
 e)   Date of the transaction                    29 April 2021 
     -----------------------------------------  ------------------------------ 
 f)   Place of the transaction                   London Stock Exchange, AIM 
                                                  (XLON) 
     -----------------------------------------  ------------------------------ 
 
 
 1    Details of t he p erson disc harging managerial responsib ilities 
       / p erson closely associated 
 a)   Name                                       Tom Gutteridge 
     -----------------------------------------  --------------------------------- 
 2    Reason for notification 
     ---------------------------------------------------------------------------- 
 a)   Position / status                          Consultant 
     -----------------------------------------  --------------------------------- 
 b)   I nitial notification                      Initial 
       /Amendment 
     -----------------------------------------  --------------------------------- 
 3    Details of t he issu er, e mission allow a n ce m a r k et participan 
       t, au ct ionplat for m, au ction eer or auc tion monitor 
     ---------------------------------------------------------------------------- 
 a)   Name                                       Mobile Streams plc 
     -----------------------------------------  --------------------------------- 
 b)   LEI                                        LEI: 213800CJX7WW927QWP43 
     -----------------------------------------  --------------------------------- 
 4    Details of t he t ransact ion (s): section to be re p eated 
       for ( i) e a ch type ofinstr u m e n t; (ii) each type of transac 
       tion; (iii) each date; and ( iv) each place w h ere transactions 
       have b een condu cted 
     ---------------------------------------------------------------------------- 
 a)   Description of the financial instrument,   Ordinary shares of 0.01 pence 
       t ype of instrument                        each in Mobile Stream plc 
 
       I d e ntification code                     ISIN GB00B0WJ3L68 
     -----------------------------------------  --------------------------------- 
      Nature of the transaction                  Shares received as consideration 
     -----------------------------------------  --------------------------------- 
 c)   Price(s) and volumes(s)                      Price(s)      Volumes(s) 
                                                    0.08 pence    36,562,500 
                                                                 ----------- 
     -----------------------------------------  --------------------------------- 
 d)   Aggregated information                     n/a 
     -----------------------------------------  --------------------------------- 
 e)   Date of the transaction                    29 April 2021 
     -----------------------------------------  --------------------------------- 
 f)   Place of the transaction                   London Stock Exchange, AIM 
                                                  (XLON) 
     -----------------------------------------  --------------------------------- 
 
 
 1    Details of t he p erson disc harging managerial responsib ilities 
       / p erson closely associated 
 a)   Name                                       Annabel Jamieson 
     -----------------------------------------  --------------------------------- 
 2    Reason for notification 
     ---------------------------------------------------------------------------- 
 a)   Position / status                          Consultant 
     -----------------------------------------  --------------------------------- 
 b)   I nitial notification                      Initial 
       /Amendment 
     -----------------------------------------  --------------------------------- 
 3    Details of t he issu er, e mission allow a n ce m a r k et participan 
       t, au ct ionplat for m, au ction eer or auc tion monitor 
     ---------------------------------------------------------------------------- 
 a)   Name                                       Mobile Streams plc 
     -----------------------------------------  --------------------------------- 
 b)   LEI                                        LEI: 213800CJX7WW927QWP43 
     -----------------------------------------  --------------------------------- 
 4    Details of t he t ransact ion (s): section to be re p eated 
       for ( i) e a ch type ofinstr u m e n t; (ii) each type of transac 
       tion; (iii) each date; and ( iv) each place w h ere transactions 
       have b een condu cted 
     ---------------------------------------------------------------------------- 
 a)   Description of the financial instrument,   Ordinary shares of 0.01 pence 
       t ype of instrument                        each in Mobile Stream plc 
 
       I d e ntification code                     ISIN GB00B0WJ3L68 
     -----------------------------------------  --------------------------------- 
      Nature of the transaction                  Shares received as consideration 
     -----------------------------------------  --------------------------------- 
 c)   Price(s) and volumes(s)                      Price(s)      Volumes(s) 
                                                    0.08 pence    36,562,500 
                                                                 ----------- 
     -----------------------------------------  --------------------------------- 
 d)   Aggregated information                     n/a 
     -----------------------------------------  --------------------------------- 
 e)   Date of the transaction                    29 April 2021 
     -----------------------------------------  --------------------------------- 
 f)   Place of the transaction                   London Stock Exchange, AIM 
                                                  (XLON) 
     -----------------------------------------  --------------------------------- 
 

This announcement contains 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, this inside information is now considered to be in the public domain.

For further information, please contact:

Mobile Streams plc

Nigel Burton, Non-Executive Director

+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, Duncan Vasey and Eran Zucker

+ 44 (0) 20 7469 0930

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.

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END

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