Business
RTO Update and AIM Rule 13 Transaction
Mobile Streams plc provided an update on its Reverse Takeover (RTO) of Estadio Gana and CMS, confirming progress and aiming for completion soon. The company also disclosed director bonuses totaling £295,290 paid in February 2025, including £151,890 to Mark Epstein, £57,550 to Stefano Loreti, and £85,850 to John Barker. This was not initially notified as an AIM Rule 13 transaction, and a resolution to ratify these payments will be included in the RTO Admission Document. Disclaimer*
About this update from Gana Media Group Plc
[{"type":"text","content":"\n\n2 December 2025\n \nMobile Streams plc\n(\"MOS\" or \"the Company\")\n \nRTO Update and AIM Rule 13 Transaction\n \nRTO Update\nMobile Streams Plc (MOS) announces that work on the RTO as originally announced on 31 March 2025 is progressing well and the Company is working towards completing the acquisition of Estadio Gana and CMS as soon as practical.\nThe Company is looking forward to providing further updates in due course.\n \nAIM Rule 13 Transaction\nIn addition, the Company advises that in February 2025 the Board awarded certain directors of the Company bonuses paid through the payroll as follows (the \"Director Bonuses\"):\nMark Epstein - £151,890.00\nStefano Loreti - £57,550.00\nJohn Barker- £85,850\nTotal: £295,290.\nThis was not notified as an AIM Rule 13 Transaction at the time and the Company's Nominated Adviser was not consulted on the matter. Accordingly, whilst the independent Director, being Rama Uthayanan, considers the terms of the Director Bonuses to be fair and reasonable insofar as shareholders are concerned, it has been agreed that a standalone Resolution seeking ratification for the payment of the Director Bonuses be included in the Notice of General Meeting to be included as part of the proposed RTO Admission Document.\n \nFor further information, please contact:\n \nMobile Streams plc\nJohn Barker, Chairman\n+44 7711 920 865\nwww.mobilestreams.com \n \nBeaumont Cornish (Nominated Adviser)\nJames Biddle and Roland Cornish\n+44 (0) 20 7628 3396\n\nPeterhouse Capital Limited (Broker)\nLucy Williams, Duncan Vasey and Eran Zucker\n+44 (0) 20 7469 0930\nNominated Adviser Statement\n \nBeaumont Cornish Limited (\"Beaumont Cornish\"), is the Company's Nominated Adviser and is authorised and regulated in the United Kingdom by the Financial Conduct Authority. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other person for providing the protections afforded to customers of Beaumont Cornish nor for advising them in relation to the transaction and arrangements descr...