Business
Placing of £1 million gross at 0.3p per share
Placing of £1 million gross at 0.3p per share.
About this update from Gana Media Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 1647M\n Mobile Streams plc\n 06 May 2020\n \n \n \n \n 6 May 2020\n \n \n \n \n \n Mobile Streams plc\n \n \n (\"MOS\" or \"the Company\")\n \n \n \n \n \n Over-subscribed placing of £1 million gross at 0.3p per share\n \n \n Total Voting Rights\n \n \n \n \n \n \n Mobile Streams plc, the AIM quoted mobile content and data intelligence company, is pleased to announce the successful completion of a placing (the \"Placing\"), arranged by the Company's Broker Peterhouse Capital, to raise £1,000,000 before expenses to support the continuing growth of the Group.\n \n \n \n \n \n A total of 333,333,333 ordinary shares of 0.01p nominal value each (\"Placing Shares\") have been placed conditional only on Admission with investors at 0.3p per share, a discount of approximately 25% to the closing mid‐market price of 0.4p on 5 May 2020. Each Placing share which will rank pari passu with existing Ordinary Shares will be issued with one warrant per share exercisable at 0.5p per share for a period of one year from the date of admission of these new shares to AIM, which is expected to be on or around 14 May 2020.\n \n \n \n \n \n \n Total Voting Rights\n \n \n Following the issue of the Placing shares as described above, the Company's issued share capital consists of 1,005,074,804 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.\n \n \n \n \n \n The above figure of 1,005,074,804 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.\n \n \n \n \n \n Nigel Burton, Chairman, commented \"The new Board is firmly focused on supporting the existing mobile content business whilst expanding the Company's new Streams data insight and intelligence platform.\n \n \n \n \n \n \"Since the launch of the Streams platform, delivered via our partnership with KrunchData, the Company has announced commercial agreements with both the National Emergencies Trust (\"NET\") and digital agency Alcimi, and has launched a new website which combines our offering to b...