(Correcting that Darren Piercy purchased the shares via iWeb Sharedealing, rather than iWeb Sharedealing taking the stake itself as originally reported.)
(Alliance News) - Mobile Streams PLC said investor Darren Piercy held a 6.2% stake in the mobile entertainment content provider after a transaction on Wednesday.
Following the deal, Piercy held 8.8 million Mobile Streams shares, having held no shares previously. The deal was conducted through iWeb Sharedealing, a brand name of Halifax Share Dealing Nominees Ltd.
Last week, Mobile Streams announced plans to seek shareholder approval to cancel listing of shares on London's junior AIM market and re-register as a private limited company.
Mobile Streams will hold a general meeting on September 30 for shareholders to vote on the proposal.
Shares in Mobile Streams had more than doubled on Thursday morning to 0.25 pence, having last closed at 0.12p.