21 November
2024
This announcement contains
information which, prior to its disclosure, was inside information
as stipulated under Regulation 11 of the Market Abuse (Amendment)
(EU Exit) Regulations 2019/310 (as amended). Upon the publication
of this announcement via a Regulatory Information Service, this
inside information is now considered to be in the public
domain.
StreaksAI
PLC
("StreaksAI" or "the Company")
Issue of Equity and
PDMR
StreaksAI PLC (LSE: STK), a UK-based
generative AI platform, announces that it has raised gross proceeds of £75,000 by way of a subscription
for 75,000,000 Ordinary Shares of £0.001 per share ("Ordinary Shares") (the "New Shares") at a price of £0.001 per
share ("Subscription").
Admission
Application will be made to the
Financial Conduct Authority ("FCA") for admission of the New Shares
to the Official List and to the London Stock Exchange (the
"LSE") for admission to
trading of the New Shares on the LSE's Main Market for listed
securities (together "Admission"). It is expected that
Admission will take place at or around 8.00 a.m. on the 27th of
November 2024.
Following Admission, the Company's
issued share capital will consist of 453,732,535 Ordinary Shares
with voting rights. The Company does not currently hold any
Ordinary Shares in treasury.
This figure, 453,732,535, may be
used by shareholders as the denominator for the calculations by
which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company under
the DTR.
Related Party Transaction
As Mike Edwards is
the director of the
Company and of Roundhouse Media Pte Ltd, which is subscribing for
the New Shares, the Subscription is being treated as a related
party transaction pursuant to paragraph 7.3 of the Disclosure
Guidance and Transparency Rules. StreaksAI's directors (other than Mike Edwards)
confirm that the Subscription is fair and reasonable from the
perspective of StreaksAI and its shareholders.
For further information please
contact:
|
StreaksAI PLC
|
|
|
Mike
Edwards
Interim CEO
|
via
First Sentinel (Corporate Advisor)
+44
20 3855 5551
|
|
Corporate Broker
|
|
|
Brian Stockbridge (First Sentinel)
|
+44
20 3855 5551
|
About Streaks:
StreaksAI PLC is a provider of AI
based conversational technologies. The Company offers two core
products in the gaming and conversational AI space.
For more information on the
Conversational Gaming AI product, please visit
www.playstreaks.com.
For more information on the
Conversational AI product, please visit www.streaks.ai.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Roundhouse Media Pte Ltd
|
|
2.
|
Reason for the Notification
|
|
a)
|
Position/status
|
PCA of Mike Edwards, Chairman and
Interim CEO of StreaksAI PLC
|
|
b)
|
Initial notification /
Amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
StreaksAI PLC
|
|
b)
|
LEI
|
984500FV43C9G16DK633
|
|
4.
|
Details of the transaction(s):
section to be repeated for (i) each type of instrument; (ii) each
type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted
|
|
a)
|
Description of the Financial
instrument, type of instrument
|
Ordinary shares
|
|
|
Identification Code
|
GB00BMFCRZ80
|
|
b)
|
Nature of the transaction
|
Subscription of new
shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
GBP 0.001 per Ordinary
Share
|
75,000,000 Ordinary
Shares
|
|
|
d)
|
Aggregated information:
· Aggregated volume
· Price
|
75,000,000 Ordinary
Shares
£75,000
|
|
e)
|
Date of the transaction
|
20 November 2024
|
|
f)
|
Place of the Transaction
|
Outside of trading venue
|