StreaksAI PLC Issue of Equity and PDMR

RNS Number : 0390N

StreaksAI PLC

21 November 2024

 

21 November 2024

 

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

 

StreaksAI PLC

 

("StreaksAI" or "the Company")

 

Issue of Equity and PDMR

 

StreaksAI PLC (LSE: STK), a UK-based generative AI platform, announces that it has raised gross proceeds of £75,000 by way of a subscription for 75,000,000 Ordinary Shares of £0.001 per share ("Ordinary Shares") (the "New Shares") at a price of £0.001 per share ("Subscription").

 

Admission

Application will be made to the Financial Conduct Authority ("FCA") for admission of the New Shares to the Official List and to the London Stock Exchange (the "LSE") for admission to trading of the New Shares on the LSE's Main Market for listed securities (together "Admission"). It is expected that Admission will take place at or around 8.00 a.m. on the 27th of November 2024.

 

Following Admission, the Company's issued share capital will consist of 453,732,535 Ordinary Shares with voting rights. The Company does not currently hold any Ordinary Shares in treasury.

 

This figure, 453,732,535, may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the DTR.

 

Related Party Transaction

As Mike Edwards is the director of the Company and of Roundhouse Media Pte Ltd, which is subscribing for the New Shares, the Subscription is being treated as a related party transaction pursuant to paragraph 7.3 of the Disclosure Guidance and Transparency Rules. StreaksAI's directors (other than Mike Edwards) confirm that the Subscription is fair and reasonable from the perspective of StreaksAI and its shareholders. 

 

For further information please contact:

 

StreaksAI PLC
Mike Edwards Interim CEO	via First Sentinel (Corporate Advisor) [phone]
Corporate Broker
Brian Stockbridge (First Sentinel)	[phone]

 

About Streaks:

StreaksAI PLC is a provider of AI based conversational technologies. The Company offers two core products in the gaming and conversational AI space.

For more information on the Conversational Gaming AI product, please visit www.playstreaks.com.  

For more information on the Conversational AI product, please visit www.streaks.ai.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Roundhouse Media Pte Ltd
2.	Reason for the Notification
a)	Position/status	PCA of Mike Edwards, Chairman and Interim CEO of StreaksAI PLC
b)	Initial notification / Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	StreaksAI PLC
b)	LEI	984500FV43C9G16DK633
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (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	Ordinary shares
	Identification Code	GB00BMFCRZ80
b)	Nature of the transaction	Subscription of new shares
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 0.001 per Ordinary Share 75,000,000 Ordinary Shares
d)	Aggregated information: · Aggregated volume · Price	75,000,000 Ordinary Shares £75,000
e)	Date of the transaction	20 November 2024
f)	Place of the Transaction	Outside of trading venue

 

 

 

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