28 April 2023
Mobile Streams plc
("MOS" or "the Company")
Issue of share options to Director and PDMRs
Mobile Streams plc, the AIM quoted mobile content and data intelligence company, announces the award of share options to a Director and several senior employees.
The Company's remuneration committee has reviewed the remuneration of the Directors and senior executives and noted that these are significantly below market norms for their current roles, and that they have not received cash bonuses.
To provide suitable incentives to the senior executives without increasing the cash burn the Company has granted share options to each of Mark Epstein, Tom Gutteridge and three senior employees, exercisable at the closing market price of 0.11p on 27 April 2023. This marks the first award of options since the senior management team joined the Company in 2019.
The vesting conditions for these share options are based on the volume weighted share price reaching 0.3p measured over any 10 consecutive business days. Subject to having met this target, 50% of the Options will vest and become exercisable after the 12-month anniversary of grant; the remaining 50% shall vest and become exercisable on the 24-month anniversary of grant. The Options will have a 10 year life from the date of grant and are subject to good and bad leaver provisions. The Options are approved options granted under the Company's existing share option scheme.
Following the grant of the Options, the total number of ordinary shares under option is 344,501,000 ordinary shares representing 7.9% of the Company's current issued ordinary share capital. The 100 million options awarded to Mark Epstein, a director, represents 2.2% of the Company's current issued ordinary share capital.
The options have been granted as follows:
| Name | Role | Options |
| Mark Epstein | CEO, Director | 100,000,000 |
| Tom Gutteridge | Chief Operating Officer | 100,000,000 |
| Nigel Burton | Adviser | 100,000,000 |
| Tom Bath | Head of global marketing | 20,000,000 |
| Rafel Wojenka | Technical lead | 20,000,000 |
| | Total | 340,000,000 |
The information contained within this announcement is deemed by the Company to constitute inside information stipulated under 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 LiveScores and mobilegaming.com platforms, our long-standing carrier relationships in countries including India, Argentina and Mexico, and through our https://heroesnftclub.com/ site.
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, Adviser
+44 77 8523 4447
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
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.