TIDMMOS
RNS Number : 4686W
Mobile Streams plc
12 December 2023
12 December 2023
Mobile Streams plc
("MOS" or "the Company")
Mobile Streams expansion, strategy update and direct
subscription
Issue of Equity, Director/PDMRs Dealings & TVR
Mobile Streams plc, the AIM quoted mobile content and data
intelligence company, is delighted to announce it will be expanding
its operations in Mexico into publishing, betting and media
ownership, which complements its existing content portfolio of
products and services, through the acquisition of a 10% interest in
Capital Media Sports S.A ("Capital Media Sports"), a newly created
company.
MOS and its partners intend to create one of the largest Sports
Media Groups in Mexico, by partnering with one of the largest media
publishers in Mexico, namely Capital Media Group, together with the
co-owner of Necaxa football club, the co-owner of Atlante football
club, the co-owners of Capital Media Group and the Neme business
family which owns Alive Sports Entertainment, one of Mexico's
biggest sports event businesses.
Our existing wholly owned Mexican subsidiary, Mobile Streams of
Mexico, S.de R.I, intends to pay MXN 5m (approximately GBP 228k) to
obtain a 10% shareholding in Capital Media Sports, which has a
strategy seeking to acquire a number of sporting publications under
which it has signed heads to terms to acquire Estadio, a major
existing heritage sports media publication in Mexico formerly owned
by Capital News S.A ("Capital News" and part of the Capital Media
Group), as the first of these. Capital Media Sports will, according
to the HOT (Heads of Terms), acquire all associated IP for the
print and digital operations of the publication.
Initially Capital Media Sports will acquire the assets and IP of
Estadio. Given its limited recent operations, there is no financial
information regarding Estadio to report under Schedule 4 of the AIM
Rules. Following the acquisition of the interest in Capital Media
Sports, MOS and its partners will, subject to regulatory approvals,
then fund the launch of two associated companies, Estadio Bet
("Bet") and Estadio Talk ("Talk"), in which MOS will have a 25%
interest (together the "Investment"). Bet will be a betting company
using the sports publication brand to deliver online gambling and
betting services to Mexican consumers and Talk will be a 'Talk
Sport' style podcast service, also utilising the brand.
To fund the costs of the Investment, including the Company's
share of launch and development of Bet as well as to fund ongoing
working capital, the Company has undertaken a Company led
subscription with various investors and certain Directors to raise
a gross amount of GBP675,000 at 0.07 pence through the issue of
964,285,714 Ordinary Shares (the "Subscription"). Each Subscriber
will also receive one for one warrants exercisable at 0.15p that
have a 12 month term, are non-transferable and will not be
listed.
The target for launch of Bet is early Q2 2024 and Talk is
shortly thereafter. It is expected that GBP250,000 of the
Subscription proceeds will be allocated towards funding the launch
and development of Bet.
The three businesses will, it is hoped, provide for cross
advertising and marketing opportunities. Along with that, Capital
Media Group's over 25 media channels including print, online, radio
and television channels will exclusively advertise the sports
publication brand, promoting these services to an estimated 25m
plus audience reach from launch. At the same time, MOS's
HeroesNFTclub service will be advertised across all these channels,
enhancing the NFT products' existing reach significantly.
MOS will sign service agreements with both Bet and Talk and the
expected contracted fee arrangements from these agreements for
services provided to Bet and Talk are expected to generate
substantial revenue for the Company. MOS expects the combined
impact of these agreements to get the Company to cash breakeven
within 12 months.
Immediate additional benefits for MOS include:
-- Revenue synergy opportunities for its existing content
portfolio - Live Scores sites, NFTs and the sports publication
audience;
-- Advertising, sponsorship and editorial opportunities within publication branded assets;
-- Potential future dividend payments from Capital Media Sports
and proceeds from any liquidity events, should they come to
fruition;
-- Strategic positioning being enhanced within Mexico and the LATAM region;
-- The opportunity to look at Europe and Asia with the new services in due course.
Details of the Subscription
MOS is delighted to announce it has raised GBP675,000 from a
direct subscription at 0.07p through the issue of 964,285,714
Ordinary Shares. Each Subscriber will also receive one for one
warrants exercisable at 0.15p that have a 12 month term, are
non-transferable and will not be listed.
As part of the Subscription, WA.Technology Group Limited, an
online betting and gambling platform with significant LATAM
experience, has invested GBP400,000.
Further as part of the Subscription a total of 142,857,140
shares have been issued to certain Directors and senior employees
who have subscribed for shares and warrants on the same terms as
other investors in the Subscription. The total subscription by
these Directors and PDMRs is GBP100,000 for 142,857,140 Ordinary
Shares representing approximately 3.3% of the Company's issued
share capital, split as follows:
Director/ PDMR Shares Subscribed Warrants issued
Bob Moore 35,714,285 35,714,285
------------------ ----------------
Nigel Burton 35,714,285 35,714,285
------------------ ----------------
Mark Epstein 35,714,285 35,714,285
------------------ ----------------
Tom Gutteridge 35,714,285 35,714,285
------------------ ----------------
Total 142,857,140 142,857,140
------------------ ----------------
As a result, they have the following interests in the
Company:
Director Ordinary Shares now % of
held Issued
Share
Capital
Bob Moore 35,714,285 0.67
--------------------------------------------------------- --------
Mark Epstein 144,900,280 2.72
--------------------------------------------------------- --------
PDMR Ordinary Shares now % of
held Issued
Share
Capital
--------------------------------------------------------- --------
Nigel Burton 205,089,526 3.84
--------------------------------------------------------- --------
Tom
Gutteridge 144,900,280 2.72
--------------------------------------------------------- -------- --------------------------------
Details of t he p erson disc harging managerial responsib
1 ilities / p erson closely associated
------------------------------------------------------------------------------------------------------------
a) Name Bob Moore
--------------------------------------------------------- -------------------------------------------------
Reason for notification
2
------------------------------------------------------------------------------------------------------------
a) Position / status PDMR
--------------------------------------------------------- -------------------------------------------------
b) I nitial notification Initial
/Amendment
--------------------------------------------------------- -------------------------------------------------
Details of t he issu er, e mission allow a n ce m a r k
3 et participan t, au ct ionplat for m, au ction eer or auc
tion monitor
------------------------------------------------------------------------------------------------------------
a) Name Mobile Streams plc
--------------------------------------------------------- -------------------------------------------------
b) LEI LEI: 213800CJX7WW927QWP43
--------------------------------------------------------- -------------------------------------------------
Details of t he t ransact ion (s): section to be re p eated
4 for ( i) e a ch type ofinstr u m e n t; (ii) each type of
transac tion; (iii) each date; and ( iv) each place w h ere
transactions have b een condu cted
------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, Ordinary shares of 0.01 pence
t ype of instrument each in Mobile Streams plc
I d e ntification code ISIN GB00B0WJ3L68
--------------------------------------------------------- -------------------------------------------------
Nature of the transaction Issue of shares in lieu of
remuneration
--------------------------------------------------------- -------------------------------------------------
c) Price(s) and volumes(s) Price(s) Volumes(s)
0.07 pence 35,714,285
-----------
--------------------------------------------------------- -------------------------------------------------
d) Aggregated information n/a
--------------------------------------------------------- -------------------------------------------------
e) Date of the transaction 12 December 2023
--------------------------------------------------------- -------------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
(XLON)
--------------------------------------------------------- -------------------------------------------------
Details of t he p erson disc harging managerial responsib ilities
1 / p erson closely associated
a) Name Mark Epstein
----------------------------------------- ------------------------------
Reason for notification
2
-------------------------------------------------------------------------
a) Position / status PDMR
----------------------------------------- ------------------------------
b) I nitial notification Initial
/Amendment
----------------------------------------- ------------------------------
Details of t he issu er, e mission allow a n ce m a r k et
3 participan t, au ct ionplat for m, au ction eer or auc tion
monitor
-------------------------------------------------------------------------
a) Name Mobile Streams plc
----------------------------------------- ------------------------------
b) LEI LEI: 213800CJX7WW927QWP43
----------------------------------------- ------------------------------
Details of t he t ransact ion (s): section to be re p eated
4 for ( i) e a ch type ofinstr u m e n t; (ii) each type of transac
tion; (iii) each date; and ( iv) each place w h ere transactions
have b een condu cted
-------------------------------------------------------------------------
a) Description of the financial instrument, Ordinary shares of 0.01 pence
t ype of instrument each in Mobile Streams plc
I d e ntification code ISIN GB00B0WJ3L68
----------------------------------------- ------------------------------
Nature of the transaction Issue of shares in lieu of
remuneration
----------------------------------------- ------------------------------
c) Price(s) and volumes(s) Price(s) Volumes(s)
0.07 pence 35,714,285
-----------
----------------------------------------- ------------------------------
d) Aggregated information n/a
----------------------------------------- ------------------------------
e) Date of the transaction 12 December 2023
----------------------------------------- ------------------------------
f) Place of the transaction London Stock Exchange, AIM
(XLON)
----------------------------------------- ------------------------------
Details of t he p erson disc harging managerial responsib ilities
1 / p erson closely associated
a) Name Nigel Burton
----------------------------------------- ------------------------------
Reason for notification
2
-------------------------------------------------------------------------
a) Position / status PDMR
----------------------------------------- ------------------------------
b) I nitial notification Initial
/Amendment
----------------------------------------- ------------------------------
Details of t he issu er, e mission allow a n ce m a r k et
3 participan t, au ct ionplat for m, au ction eer or auc tion
monitor
-------------------------------------------------------------------------
a) Name Mobile Streams plc
----------------------------------------- ------------------------------
b) LEI LEI: 213800CJX7WW927QWP43
----------------------------------------- ------------------------------
Details of t he t ransact ion (s): section to be re p eated
4 for ( i) e a ch type ofinstr u m e n t; (ii) each type of transac
tion; (iii) each date; and ( iv) each place w h ere transactions
have b een condu cted
-------------------------------------------------------------------------
a) Description of the financial instrument, Ordinary shares of 0.01 pence
t ype of instrument each in Mobile Streams plc
I d e ntification code ISIN GB00B0WJ3L68
----------------------------------------- ------------------------------
Nature of the transaction Issue of shares in lieu of
remuneration
----------------------------------------- ------------------------------
c) Price(s) and volumes(s) Price(s) Volumes(s)
0.07 pence 35,714,285
-----------
----------------------------------------- ------------------------------
d) Aggregated information n/a
----------------------------------------- ------------------------------
e) Date of the transaction 12 December 2023
----------------------------------------- ------------------------------
f) Place of the transaction London Stock Exchange, AIM
(XLON)
----------------------------------------- ------------------------------
Details of t he p erson disc harging managerial responsib ilities
1 / p erson closely associated
a) Name Tom Gutteridge
----------------------------------------- ------------------------------
Reason for notification
2
-------------------------------------------------------------------------
a) Position / status PDMR
----------------------------------------- ------------------------------
b) I nitial notification Initial
/Amendment
----------------------------------------- ------------------------------
Details of t he issu er, e mission allow a n ce m a r k et
3 participan t, au ct ionplat for m, au ction eer or auc tion
monitor
-------------------------------------------------------------------------
a) Name Mobile Streams plc
----------------------------------------- ------------------------------
b) LEI LEI: 213800CJX7WW927QWP43
----------------------------------------- ------------------------------
Details of t he t ransact ion (s): section to be re p eated
4 for ( i) e a ch type ofinstr u m e n t; (ii) each type of transac
tion; (iii) each date; and ( iv) each place w h ere transactions
have b een condu cted
-------------------------------------------------------------------------
a) Description of the financial instrument, Ordinary shares of 0.01 pence
t ype of instrument each in Mobile Streams plc
I d e ntification code ISIN GB00B0WJ3L68
----------------------------------------- ------------------------------
Nature of the transaction Issue of shares in lieu of
remuneration
----------------------------------------- ------------------------------
c) Price(s) and volumes(s) Price(s) Volumes(s)
0.07 pence 35,714,285
-----------
----------------------------------------- ------------------------------
d) Aggregated information n/a
----------------------------------------- ------------------------------
e) Date of the transaction 12 December 2023
----------------------------------------- ------------------------------
f) Place of the transaction London Stock Exchange, AIM
(XLON)
----------------------------------------- ------------------------------
The Company also announces that it is looking to raise up to
approximately GBP300,000 via an accelerated book build placing and
retail offer. The retail offer is expected to be only open to
existing shareholders, which will take place at the same price of
0.07p with one for one warrants exercisable at 0.15p for 12 months.
A further announcement will be made in due course once this is
launched.
A total of 964,285,714 ordinary shares of 0.01p nominal value
each ("Subscription Shares") have been placed conditional only on
Admission with investors at 0.07p per share, being a small premium
to the closing mid--market price prior to the Subscription of
0.0675p on 12 December 2023. Each subscription share will rank pari
passu with existing Ordinary Shares and will be issued with one
warrant per share to subscribe for one Ordinary Share exercisable
at 0.15p per share for a period of 12 months from the date of
admission of these new Shares to AIM, which is expected to be on or
around 20 December 2023. The Subscription Shares represent
approximately 18.6% of the enlarged share capital of the Company
and together with the attached warrants 32.5% of the fully diluted
share capital assuming that these and all other extant warrants
were exercised.
Admission to trading
Application will be made to the London Stock Exchange for
admission of the Subscription to trading on AIM. It is expected
that admission will become effective and dealings in the
Subscription Shares will commence at 8.00 a.m. on or around 20
December 2023.
Total Voting Rights
Following the issue of the Subscription Shares as described
above, the Company's issued share capital consists of 5,333,941,617
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.
Therefore, the above figure 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.
About Capital Media Group https://capitalmedia.mx/
Active for 50+ years.
Provides advertising, content and media intelligence services
and operates through 25 media and brands.
A claimed audience reach of 25m+.
38 SND awards for outstanding achievement.
Strong suite of media personalities.
About the Mexican betting market:
Market launched in 2016.
Around 18 licensed and live operators in the market led by
Caliente. EUR 619m gross gambling revenue in 2022.
Forecast to grow at a CAGR of 16% to EUR 958m in 2025.
Total addressable market of EUR 1,175m (2027).
Bet365 and Playdoit are the next largest operators by website
visits.
Caliente Interactive was in talks about a USD 2.5bn merger with
Tekkorp Digital.
About the Mexican market:
World's 14th largest economy (making it bigger than Spain).
Population of 128m people with a further 40m living in US.
Mexico to co-host the next FIFA World Cup in 2026.
Liga MX is the most-watched soccer league in the US.
Liga MX has combined with the MLS to launch the Leagues Cup,
broadcast worldwide on Apple TV.
About WA.Technology https://www.watechnology.com/
WA.Technology is a renowned B2B and iGaming solutions provider
of creative and innovative iGaming solutions. With a focus on
cutting-edge technology and forward-thinking strategies,
WA.Technology empowers its clients to excel in the ever-evolving
world of iGaming. WA.Technology provides the state-of-the-art,
fully scalable and customisable iGaming WA.Platform, bespoke
turnkey solutions, standalone products, and expert-managed services
across the casino, sports, fantasy, lottery, and poker
verticals.
About Estadio:
Founded in the 1970s by Anuar Maccise
First colour sports publication in Mexico and became a strong
heritage brand.
Brand used to feature on National Lottery tickets
nationwide.
Mark Epstein, CEO Mobile Streams plc, said:
"We are delighted to announce our expansion into publishing,
betting and media ownership. We are partnering with some amazing
people and businesses to create one of the largest sports media
groups in Mexico.
This represents an amazing opportunity for MOS to take a leading
position in the Mexican market in the build up to the next World
Cup. Also, with the growth in the Mexican economy and sports and
betting markets one that should create significant value for all
parties involved. We are honoured to be part of this exciting
project."
The information contained within this announcement is deemed by
the Company to constitute 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
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 https://heroesnftclub.com/ site and
mobilegaming.com platforms, our long-standing carrier relationships
in countries including India, Argentina and Mexico, and through our
LiveScores sites.
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
+44 77 8523 4447
Mark Epstein
marke@mobilestreams.com
www.mobilestreams.com
Beaumont Cornish (Nominated Adviser)
James Biddle and Roland Cornish
+44 (0) 20 7628 3396
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END
UPDTTBRTMTMBMFJ
(END) Dow Jones Newswires
December 12, 2023 02:15 ET (07:15 GMT)
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