iWeb Sharedealing Acquires 6% Stake In Mobile Streams

(Alliance News) - Mobile Streams PLC said iWeb Sharedealing held a 6.2% stake in the mobile entertainment content provider after a transaction on Wednesday.

Following the deal, iWeb Sharedealing held 8.8 million Mobile Streams shares, having held no shares previously.

On Wednesday 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 closed down 19% at 0.11 pence in London on Wednesday.