Issue of shares, PDMR shareholding, TVR

RNS Number : 8410D
Mobile Streams plc
01 July 2021
 

1 July 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 11,053,480 shares to the Directors and two senior employees under the agreements in place for the satisfaction of their remuneration up to 30 June 2021.

 

As explained in the RNS dated 30 April 2021, with effect from 1 April 2021, the Directors and senior employees reverted 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.

 

For the 3 month period 1 April to 30 June 2021 the VWAP was 0.25 pence per share. Accordingly, after making the aforementioned deductions, the Directors and senior employees have been issued 2,210,696 Ordinary Shares each in satisfaction of accrued fees to 30 June 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 held

% of Issued Share Capital

Mark Epstein

61,369,350

2.61

Nigel Burton

94,218,906

4.00

Charles Goodfellow

38,773,196

1.65

PDMR

Ordinary Shares now held

% of Issued Share Capital

Tom Gutteridge

61,369,350

2.61

Annabel Jamieson

61,369,350

2.61

 

Application for Admission to Trading on AIM

Application has been made for the aggregate 11,053,480 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 July 2021.

 

Total Voting Rights

Following the issue of the 11,053,480 Ordinary Shares issued as above, the Company's issued share capital will consist of 2,354,549,845 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 2,354,549,845 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.

 

Director and PDMR shareholding disclosures

1

Details of the person discharging managerial responsibilities person closely associated

a)

Name

Mark Epstein

2

Reason for notification

a)

Position / status

Director 

b)

I nitial notification

/Amendment

Initial

3

Details of the issueremission allowance market participant, auctionplatform,
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 placwhere transactionhave been conducted

a)

Description of the financial instrument, type of instrument

 

I d e ntification code

Ordinary shares of 0.01 pence each in Mobile Stream plc

 

ISIN GB00B0WJ3L68 

 

Nature of the transaction

Issue of shares in lieu of remuneration 

c)

Price(s) and volumes(s)

 

Price(s)

Volumes(s)

0.25 pence

2,210,696

 

d)

Aggregated information

n/a

e)

Date of the transaction

30 June 2021

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

 

1

Details of the person discharging managerial responsibilities person closely associated

a)

Name

Nigel Burton

2

Reason for notification

a)

Position / status

Director

b)

I nitial notification

/Amendment

Initial

3

Details of the issueremission allowance market participant, auctionplatform,
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 placwhere transactionhave been conducted

a)

Description of the financial instrument, type of instrument

 

I d e ntification code

Ordinary shares of 0.01 pence each in Mobile Stream plc

 

ISIN GB00B0WJ3L68 

 

Nature of the transaction

Issue of shares in lieu of remuneration 

c)

Price(s) and volumes(s)

 

Price(s)

Volumes(s)

0.25 pence

2,210,696

 

d)

Aggregated information

n/a

e)

Date of the transaction

30 June 2021

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

 

1

Details of the person discharging managerial responsibilities person closely associated

a)

Name

Charles Goodfellow

2

Reason for notification

a)

Position / status

Director 

b)

I nitial notification

/Amendment

Initial

3

Details of the issueremission allowance market participant, auctionplatform, 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 placwhere transactionhave been conducted

a)

Description of the financial instrument, type of instrument

 

I d e ntification code

Ordinary shares of 0.01 pence each in Mobile Stream plc

 

ISIN GB00B0WJ3L68 

 

Nature of the transaction

Issue of shares in lieu of remuneration 

c)

Price(s) and volumes(s)

 

Price(s)

Volumes(s)

0.25 pence

2,210,696

 

d)

Aggregated information

n/a

e)

Date of the transaction

30 June 2021

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

 

1

Details of the person discharging managerial responsibilities person closely associated

a)

Name

Tom Gutteridge

2

Reason for notification

a)

Position / status

Consultant 

b)

I nitial notification

/Amendment

Initial

3

Details of the issueremission allowance market participant, auctionplatform, 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 placwhere transactionhave been conducted

a)

Description of the financial instrument, type of instrument

 

I d e ntification code

Ordinary shares of 0.01 pence each in Mobile Stream plc

 

ISIN GB00B0WJ3L68 

 

Nature of the transaction

Shares received as consideration 

c)

Price(s) and volumes(s)

 

Price(s)

Volumes(s)

0.25 pence

2,210,696

 

d)

Aggregated information

n/a

e)

Date of the transaction

30 June 2021

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

 

1

Details of the person discharging managerial responsibilities person closely associated

a)

Name

Annabel Jamieson

2

Reason for notification

a)

Position / status

Consultant 

b)

I nitial notification

/Amendment

Initial

3

Details of the issueremission allowance market participant, auctionplatform, 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 placwhere transactionhave been conducted

a)

Description of the financial instrument, type of instrument

 

I d e ntification code

Ordinary shares of 0.01 pence each in Mobile Stream plc

 

ISIN GB00B0WJ3L68 

 

Nature of the transaction

Shares received as consideration 

c)

Price(s) and volumes(s)

 

Price(s)

Volumes(s)

0.25 pence

2,210,696

 

d)

Aggregated information

n/a

e)

Date of the transaction

30 June 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

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