LONDON - Mobile Streams plc, an AIM-listed mobile content and data intelligence company, has reported that three of its directors have increased their shareholdings in the firm. The transactions took place on the London Stock Exchange (LON:LSEG), AIM market on Monday, January 17, 2025.
Director Mark Epstein acquired 12,055,096 shares at a price of 0.3785 pence per share, raising his total holding to 156,955,377 shares, which represents a 1.74% stake in the company. John Barker, another director, purchased 12,434,458 shares at 0.3757 pence each, resulting in a holding of 312,434,458 shares or a 3.46% share of the company. The third director, Stefano Loreti, bought 2,703,125 shares at 0.3695 pence each, taking his holding to 315,308,167 shares, equating to a 3.50% interest in Mobile Streams.
These transactions are considered inside information under Article 7 of the Market Abuse Regulations (EU) No. 596/2014, which is part of UK Domestic Law due to the European Union (Withdrawal) Act 2018. With the public release of this information, the previously undisclosed inside information is now in the public domain.
The purchases by the directors demonstrate a commitment to the company and potentially signal their confidence in its future prospects. It's not uncommon for director share purchases to be interpreted by the market as a positive sign, as it may suggest that those with in-depth knowledge of the company expect the stock to perform well.
Mobile Streams has not provided further details on the rationale behind the directors' share purchases. However, such investments by company insiders are often closely watched by investors for hints about the company's health and expected performance.
The news of the directors' share purchases is based on a press release statement from Mobile Streams plc.
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