Business
Change of Board Composition
Change of Board Composition.
About this update from Satsuma Technology Plc
[{"type":"text","content":"\n\nThis announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n29 August 2023\n \nStreaksAI PLC\n \n(\"StreaksAI\" or \"the Company\")\n \nChange of Board Composition & Issue of Equity and Warrants\n \nStreaksAI (LSE: STK), a UK-based provider of AI-focused conversational gaming \"Streaks Gaming\" and the newly announced Social AI platform for influencers \"Streaks Social\", is delighted to announce the appointment of Philip Blows as Chief Executive Officer with immediate effect.\n \nPhil has been Executive Director of StreaksAI since 20 February 2023. With the impending launch of StreaksAI's social AI platform for influencers, Streaks Social, the Company will benefit greatly from Phil's experience in building and scaling multiple retail-focused platforms, including his previous positions as CEO of AQRU PLC, which owned and operated a cryptocurrency retail trading application, and as Director of Wealth Wizards, a UK-based robo-advice platform.\n \nMark Rutledge, who has been Chief Executive Officer throughout the IPO period and the launch of StreaksAI, will become Non-Executive Director of StreaksAI with immediate effect. The Board of Directors would like to thank Mark for all his efforts as Chief Executive of the Company and for providing a solid operating platform on which to build.\n \nIssue of Equity\n \nStreaksAI also announces the issue of 420,000 Ordinary Shares of £0.001 per share (\"Ordinary Shares\") (the \"Fee Shares\") in respect of the commission due to Tennyson Securities in relation to services rendered to the Company. The Fee Shares have been issued at an issue price equivalent to £0.03 per Share. The Fee Shares rank pari passu with existing shares in issue.\n \nIssue of Warrants\n \nThe Company has also granted Tennyson Securities 420,000 warrants to subscribe for new Ordinary Shares (\"Warrants\") pursuant to the engagement letter with Tennyson Securities. The Warrants have a strike price of £0.03 and expire on 4 January 2028.\n \nAdmission\n \...