REG - Mobile Streams plc - Issue of share options to Directors and PDMRs

Mobile StreamsAnnouncement

07/06/2024 07:00

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RNS Number : 4955R  Mobile Streams plc  07 June 2024

7 June 2024

Mobile Streams plc

("MOS" or "the Company")

 Issue of share options to Directors and PDMRs

 

Mobile Streams plc, the AIM quoted mobile content and data Intelligence
Company, announces the award of share options to Directors and senior
employees.

The Company's remuneration committee has reviewed the remuneration of the
Directors and senior executives and noted that they continue to be
significantly below standard market rates for their current roles.
Furthermore, the Board believes options provide a good incentive for
management to work to improve the Company's share price performance in line
with Shareholder's interests.

To provide suitable incentives to the senior executives without increasing the
cash burn, the Company has granted share options to certain of the Directors
and other senior employees, exercisable at the share price of 0.07p, being the
share price of the fundraise in early December 2023. It should be noted that
subsequent raises at 0.06p and 0.0425p were at a lower price than the strike
price of these options.

The options are struck at a premium of 97% to the closing mid-price share
price of 0.0355p as at Tuesday 4(th) June 2024.

The vesting conditions for these share options are detailed as follows - 50%
of the Options will vest and become exercisable after the 12-month anniversary
of grant; the remaining 50% shall vest and become exercisable on the 24-month
anniversary of grant. The Options will have a 10 year life from the date of
grant and are subject to good and bad leaver provisions. The Options are
approved options granted under the Company's existing share option scheme.

Following the grant of the Options, the total number of ordinary shares under
option is 640m representing 9.97% of the Company's current issued ordinary
share capital. The 220 million options awarded to certain directors,
represents 3.42% of the Company's current issued ordinary share capital.

 The options have been granted as follows:

 Name            Role                               Options
 Mark Epstein    CEO, Director                      100,000,000
 Tom Gutteridge  Chief Operating Officer            100,000,000
 John Barker     Director                           100,000,000
 Rama Uthayanan  Chief Financial Officer, Director  20,000,000

 

The total amount of options issued in the 2024 share option plan amounts to
320,000,000 shares which is 4.98% of the ISC.

 

The information contained within this announcement is deemed by the Company to
constitute inside information stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018. Upon the publication of this
announcement via the Regulatory Information Service, this inside information
is now considered to be in the public domain.

 

About Mobile Streams

Mobile Streams delivers world class gaming content to a global audience,
through its LiveScores and mobilegaming.com platforms, our long-standing
carrier relationships in countries including India, Argentina and Mexico, and
through our https://heroesnftclub.com/ site.

Our Streams data insight, intelligence and visualisation services and
marketing optimisation tools support the content business, as well as serving
enterprise level bespoke clients and the Streams SaaS ("Software as a
Service") self-service platform. Our strategy is to deliver next-generation
content including gaming, Esports and related NFTs to a global audience.

 

For further information, please contact:

Mobile Streams plc

Nigel Burton, Adviser

+44 77 8523 4447

www.mobilestreams.com

 

Beaumont Cornish (Nominated Adviser)

James Biddle and Roland Cornish

+44 (0) 20 7628 3396

 

Peterhouse Capital Limited (Broker)

Lucy Williams and Duncan Vasey

+44 (0) 20 7469 0930

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