Mobile Streams plc
15 February 2006
15 February 2006
Embargoed for release at 8.00am on 15 February 2006
Mobile Streams plc
FIRST DAY OF DEALINGS ON AIM
The Board of Mobile Streams plc ('Mobile Streams' or 'the Company'), a provider
of media entertainment services to mobile devices, announces that the Company's
shares have today been admitted to trading on the AIM market ('AIM'). The
Company's ticker is 'MOS'.
6,896,551 new ordinary shares have been allocated to institutional investors at
a price of 87 pence per share (the 'Placing Price'), raising approximately £6
million for the Company before expenses. In addition, certain of the existing
shareholders in Mobile Streams have sold 1,076,250 shares in the placing. On
admission to AIM a total of 32,253,855 ordinary shares were in issue
capitalising the Company at approximately £28 million at the Placing Price.
Bridgewell is the Company's nominated adviser and broker.
Enquiries:
Mobile Streams
Simon Buckingham, CEO / Jitesh Sodha, CFO 07000 366366
Bridgewell
John Craven / Simon Bridges / David Sanders 020 7003 3000
Brunswick Group
Tim Burt / Fiona Laffan / Laura Cummings 020 7404 5959
NOTES TO EDITORS
Company Overview
Mobile Streams is a leading provider of music, comedy, sport and entertainment
content to handsets and other wireless devices, whose mobile expertise and
distribution platform is used globally by some of the world's largest media
groups and mobile phone networks including Vodafone, and 3 in the UK, America
Movil, Movistar & TIM in Latin America, Fido & Rogers in Canada and Dobson in
the US.
Mobile Streams' dedicated in-house team is expert in the creation, design and
licensing of premium content and supplies a continuous flow of new, innovative
services and concepts to the mobile market. Many of these are accessible by
visiting www.Ringtones.com, www.MobileGaming.com or www.Mobilebackgrounds.com.
Musia is a next generation platform for next generation content, owned and
developed from scratch by Mobile Streams. Its CRM capability allows local teams
to access and respond to consumers' content preferences, while also enabling
global economies of scale and scope.
Mobile Streams has subsidiaries in the US, Argentina, Brazil, Mexico, Chile and
Colombia and has approximately 60 employees.
For more information please go to www.mobilestreams.com
This information is provided by RNS
The company news service from the London Stock Exchange