19 Dec 2016 12:48
Mobile Streams plc
("Mobile Streams", the "Company" or the "Group")
(AIM: MOS)
Result of general meeting
On 2 December 2016 Mobile Streams plc ("Mobile Streams" or the "Company") announced that it had conditionally raised gross proceeds of £2.2 million through the successful placing and offer of 54,479,250 Ordinary Shares (the "New Shares") at a price of 4 pence per New Share (the "Fundraising").
The Company is pleased to announce that at the general meeting held earlier today all resolutions proposed were duly passed and accordingly the Fundraising will complete upon admission of the New Shares to trading on AIM expected on or around 20 December 2016.
Issue of equity
Application has been made to the London Stock Exchange for the New Shares to be admitted to trading on the AIM market of the London Stock Exchange. It is expected that admission will become effective on or around 20 December 2016 ("Admission").
Total voting rights
Following Admission the number of ordinary shares of 0.2 pence each in the capital of the Company (the "Ordinary Shares") in issue and number of voting rights will be 91,593,533. The above figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
Directors' holdings
Immediately following Admission, Simon Buckingham will hold 12,385,500 Ordinary Shares, representing 13.52 per cent. of the issued share capital.
Enquires:
Mobile Streams | +1 347 669 9068 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Simon Buckingham, Chief Executive Officer | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Enrique Benasso, Chief Financial Officer | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
N+1 Singer (Nominated Adviser and Broker) | +44 20 7496 3000
| +44 20 7496 3000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Alex Price | +44 20 7496 3000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Alex Laughton Scott | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mobile Streams (MOS)