Business
Direct Subscription, Issue of Equity & TVR
Direct Subscription, Issue of Equity & TVR.
About this update from Gana Media Group Plc
[{"type":"text","content":"\n\n \nMobile Streams plc\n1st August 2024\n \n \nMobile Streams plc\n(\"MOS\" or \"the Company\")\n \nDirect Subscription, Issue of Equity & TVR\n \nDetails of the Direct Subscription\nMobile Streams plc, the AIM quoted mobile content and data intelligence company, is pleased to announce the successful completion of a direct subscription (the \"Subscription\") to a single institutional investor, Icam & Partners SA, arranged by the Company to raise £471,900 to support the continuing growth of the Group.\nA total of 1,210,000,000 ordinary shares of 0.01p nominal value each (\"Subscription Shares\") have been placed conditional only on Admission and settlement with a single investor at 0.039p per share. The subscription price represents a discount of 8.2% to the Closing Mid-Market price on 31st July 2024 of 0.0425p.\nEach Placing share will rank pari passu with existing Ordinary Shares and will be issued with one warrant per two Placing shares (for a total of 605,000,000 warrants) to subscribe for one Ordinary Share exercisable at 0.039p per share for a twelve month period ending on 31st July 2025.\nThe Subscription Shares represent approximately 15.85% of the enlarged issued share capital of the Company and together with the attached warrants, would represent approximately 27.36% of the diluted issued share capital (assuming no other warrants or options are exercised).\nIcam & Partners SA (Independent Capital Advisory and Management | ICAM & Partners SA (icamsa.ch)) is a Swiss regulated investment manager and are investing in MOS as principal.\nAdmission to trading\nApplication will be made to the London Stock Exchange for admission of the Subscription Shares totalling 1,210,000,000 Ordinary Shares to trading on AIM. It is expected that admission will become effective and dealings in the Subscription Shares will commence at 8.00 a.m. on or around the 7th August 2024.\nTotal Voting Rights\nFollowing the issue of the Subscription Shares as described above, the Company's issued share capital consists of 7,634,115,963 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.\nTherefore, the above figure may be used by shareholders in the Company as the denominator for the calculation by whi...