Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMobile Streams Regulatory News (MOS)

Share Price Information for Mobile Streams (MOS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.0375
Bid: 0.035
Ask: 0.04
Change: 0.00 (0.00%)
Spread: 0.005 (14.286%)
Open: 0.0375
High: 0.0375
Low: 0.0375
Prev. Close: 0.0375
MOS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Mobile Streams takes ownership of LiveScores

11 Feb 2022 07:00

RNS Number : 3627B
Mobile Streams plc
11 February 2022
 

11 February 2022

 

Mobile Streams plc

("MOS" or "the Company")

 

Mobile Streams takes ownership of LiveScores services

Issue of Equity and TVR

 

Mobile Streams plc is pleased to announce that it has taken sole ownership of the LiveScores services that it had previously been operating under a revenue share agreement with Quanta Media Group ('Quanta'). LiveScores was developed by Tim Scoffham in association with Quanta with its first launch in Mexico as per the MOS announcement of 26 July 2021. MOS has agreed to acquire LiveScores (the 'Acquisition') and cancel the revenue share agreement with Quanta, thereby removing any revenue share and giving MOS total control of not only the services previously announced but also the underlying platform engine, domains and IP that support LiveScores. LiveScores has subsequently launched in Argentina and Brazil. The Company is also pleased to announce four B2B contracts to deliver its LiveScores services platform in various territories including Italy, India, Turkey and Africa.

 

The consideration for the acquisition is £125,000 to be paid in shares, which are subject to a minimum 12 month lockup, and up to £75,000 in shares in three equal further tranches based on revenue derived from specific existing contracts over the next 12 months.

 

Additionally, the Company is delighted to announce the appointment of Tim Scoffham to lead the global LiveScores business and develop additional opportunities for the Company. Tim has spent much of his career in mobile marketing, content creation and affiliation, with emphasis in frontier territories of LATAM, Africa and Asia. Working directly with many telecom carriers around the World, Tim has provided strategies for clients to help better monetise mass audiences through content distribution and engagement.

 

Details of the Acquisition

 

Under the Share Purchase Agreement between the Company and Tim Scoffham, the initial consideration of £125,000 is to be paid in shares, to be issued at a price of 0.423 pence per share (the "Issue Price") being the VWAP per share for the three months to 9 February 2022. Additional consideration of up to £75,000 may be payable in shares at the Issue Price (together the "Consideration Shares"). All Consideration Shares will be subject to a 12 month lock-in and further 12 month orderly market arrangement.

 

Application for Admission to Trading on AIM

 

Application has been made for 29,539,323 new Ordinary Shares of 0.01 pence each, which when issued will rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on AIM, which is expected to become effective at 8.00 a.m. on or around 16 February 2022.

 

Total Voting Rights

Following the issue of the 29,539,323 Ordinary Shares issued as above, the Company's issued share capital consists of 2,569,981,993 Ordinary Shares with a nominal value of 0.01p each, with voting rights ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury.

 

The above figure of 2,569,981,993 may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

Tim Scoffham said:

"I am delighted to be joining Mobile Streams to lead the global LiveScores business and help grow the wider business. I think there are enormous opportunities for MOS. The company is in an amazing position and I look ford to helping them accelerate their already impressive growth."

 

Mark Epstein, CEO Mobile Streams, said:

"We are extremely pleased to have someone's with Tim's ability on board. He has great experience in the I-gaming sector and I look forward to us working together. His significant abilities will be a big help as we continue growing around the world and expanding our offering."

 

 

This announcement contains inside information for the purposes of Article 7 of 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, this inside information is now considered to be in the public domain.

 

About Streams Data

The Streams Data business provides data insight, intelligence and visualisation services and marketing optimisation tools. The enterprise level bespoke service achieved first revenues in June 2020, and the Streams SaaS ("Software as a Service") self-service platform generated initial customer revenues in October 2020. Enterprise clients include The Economist and Quanta Media Group.

 

For further information, please contact:

 

Mobile Streams plc

Nigel Burton,

+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

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCBKKBDCBKDQBD
Date   Source Headline
15th Sep 20217:00 amRNSUpdate on partnership with, and funding to, Quanta
13th Sep 20217:00 amRNSLaunch of LiveScores service in Argentina.
2nd Sep 20217:00 amRNSStreams Mexico exceeds subscriber target
17th Aug 20212:55 pmRNSHolding(s) in Company
17th Aug 202110:34 amRNSHolding(s) in Company
30th Jul 20213:33 pmRNSTotal Voting Rights
26th Jul 20219:47 amRNSLaunch of LiveScores service in Mexico
26th Jul 20217:00 amRNSDirector appointments
12th Jul 20217:00 amRNSMajor Contract win for Streams data platform
1st Jul 202110:27 amRNSIssue of shares, PDMR shareholding, TVR
17th Jun 202111:40 amRNSHolding(s) in Company
24th May 20217:00 amRNSNext generation Streams platform launch
12th May 20219:18 amRNSHolding(s) in Company
4th May 20217:00 amRNSDirector share purchases and PDMR shareholding
30th Apr 20217:00 amRNSIssue of shares, PDMR shareholdings, TVR
29th Apr 20212:59 pmRNSMOS partnership with QMG enters new market
28th Apr 20215:24 pmRNSHolding(s) in Company
27th Apr 20213:41 pmRNSHolding(s) in Company
6th Apr 20214:56 pmRNSHolding(s) in Company
6th Apr 20214:50 pmRNSExercise of Warrants and TVR
1st Apr 20217:00 amRNSPDMR shareholding disclosures, Total Voting Rights
31st Mar 20217:30 amRNSMOS partnership with, and funding to, Quanta
30th Mar 202111:45 amRNSHolding(s) in Company
26th Mar 20213:41 pmRNSHolding(s) in Company
25th Mar 20217:00 amRNSAcquisition of 49% of KrunchData Limited
22nd Mar 20211:13 pmRNSBroker Option fully subscribed
22nd Mar 20217:00 amRNSPlacing, Broker Option and TVR
18th Mar 20217:00 amRNSMajor Contract win for Streams data platform
15th Mar 20217:00 amRNSHalf-year Report
2nd Mar 20217:00 amRNSLaunch of Streams China and Trading Update
22nd Jan 202110:54 amRNSAGM Results and Trading Update
31st Dec 20207:00 amRNSTotal Voting Rights
16th Dec 20207:30 amRNSPartnership to launch Streams service into China
16th Dec 20207:15 amRNSTrading Update
16th Dec 20207:00 amRNSFinal Results
2nd Dec 20203:03 pmRNSExercise of Warrants and Total Voting Rights
30th Nov 20206:09 pmRNSAccounts publication update
3rd Nov 20209:30 amRNSAccounts publication update
23rd Oct 20204:16 pmRNSHolding(s) in Company
22nd Oct 202011:00 amRNSPrice Monitoring Extension
21st Oct 20202:45 pmRNSHolding(s) in Company
16th Oct 20202:19 pmRNSExercise of Warrants and TVR
7th Oct 20207:00 amRNSWider roll out of SaaS subscription service
17th Aug 20203:57 pmRNSHolding(s) in Company
7th Aug 20201:52 pmRNSHolding(s) in Company
6th Aug 20207:00 amRNSPost-close trading update; Investor Q&A facility
24th Jul 202010:19 amRNSHolding(s) in Company
15th Jul 202011:00 amRNSHolding(s) in Company
6th Jul 20207:00 amRNSMobile Streams launching SaaS Insight platform
15th Jun 20204:42 pmRNSSecond Price Monitoring Extn

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.