Mobile Streams intends to raise up to about £1.6m gross, via a placing and PrimaryBid, an offer for subscription, at 4p a share.
- Investors have the opportunity to apply for New Ordinary Shares exclusively on PrimaryBid before 5:00pm on 1 December 2016 at 4 pence per new Ordinary Share to raise an aggregate of up to about £1.6m. PrimaryBid Limited is acting as sole arranger for the Offer.
- Net proceeds of the Fundraise will be used to finance the Company's rapid growth and to enable the Company to commit to its marketing spend in the Company's expansion into through to the end of the next financial year in 2018.
- Applications under the Offer will be considered by the Company on a "first come, first served" basis.