Business
MOS signs partnership deals; share issue and TVR
MOS signs partnership deals; share issue and TVR.
About this update from Gana Media Group Plc
[{"type":"text","content":"\n \n \n 11 July 2022\n \n \n \n \n \n \n Mobile Streams plc\n \n \n \n (\"MOS\" or \"the Company\")\n \n \n \n \n \n \n \n Mobile Streams signs key partnership deals; share issue and TVR\n \n \n \n \n \n Mobile Streams plc, the AIM quoted mobile content and data intelligence company, is delighted to announce it has signed two key partners to help expand its portfolio of NFT licences and to grow the revenue opportunities from the recently announced PUMAS transaction. \n \n \n \n \n \n The partnerships with the two agencies, PAS Kisisel Asistanlik Hizmetleri Ltd and Andrea Olmedo Lopez will assist in progressing an additional 30 active deals in the MOS NFT licence pipeline to an advanced stage. They will also identify and assist in finding new opportunities. Additionally, they will help in the process of driving additional revenues from the PUMAS deal and provide on the ground assistance to help MOS in Mexico.\n \n \n \n \n \n MOS has negotiated to pay these agencies in shares rather than cash so that all partners are aligned in value creation for MOS shareholders and to ensure that MOS keeps a strong cash position as recently announced. The amount each agency will receiving are as follows:\n \n \n \n \n \n \n \n \n \n Party\n \n \n \n \n Value of shares\n \n \n \n \n Number of shares to be issued*\n \n \n \n \n \n \n PAS Kisisel Asistanlik Hizmetleri Ltd\n \n \n \n \n £300,000\n \n \n \n \n 103,448,275\n \n \n \n \n \n \n Andrea Olmedo Lopez\n \n \n \n \n £200,000\n \n \n \n \n 68,965,517\n \n \n \n \n \n \n * The shares are being issued at 0.29p, the average share price over the past 3 months\n \n \n \n \n \n The shares are subject to a 12 month lockup and an orderly marketing agreement for the 12 months thereafter.\n \n \n \n \n \n Application has been made for admission of the\n 172,413,792 new Ordinary Shares which will rank pari passu with existing Ordinary Shares to trading on AIM (\"Admission\"), with Admission expected to be on or around 15 July 2022.\n \n \n \n \n \n \n Total Voting Rights\n \n \n \n Following the issue of the Consideration Shares as described above, the Company's issued share capital consists of 3,463,438,699 ordinary shares with a nominal value of 0.01p each, with voting rights (\"Ordinary Shares\"). The Company does not hold a...