BOOM Audioboom Group Plc

TIDMBOOM

RNS Number : 6998L

Audioboom Group PLC

05 October 2016

5 October 2016

Audioboom Group plc

(the "Company" or "Audioboom")

Exercise of options

Audioboom (AIM: BOOM), the leading spoken word audio on-demand platform, announces that it has received an exercise notice in respect of an option to subscribe for 88,835 ordinary shares in the Company ("Shares") at an exercise price of 1.5p per share and associated subscription monies. The option relates to awards made to staff in May 2015. Accordingly, the Company has today issued 88,835 new Shares to the holder of the option.

Application has been made for the new Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective at 8.00 a.m. on 11 October 2016. The Shares will rank pari passu in all respects with existing ordinary shares.

Following Admission, and in accordance with Disclosure and Transparency Rules, the Company's issued ordinary share capital will be comprised of 638,021,678 Shares.

The above figure may be used by shareholders as a 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, Audioboom under the FCA's Disclosure and Transparency Rules.

 
Audioboom Group plc 
Rob Proctor, Chief Executive  Tel: +44 (0)20 7403 6688 
 Officer 
David McDonagh, Chief 
 Financial Officer 
 
Liberum (NOMAD and Broker)    Tel: +44 (0)20 3100 2000 
Neil Patel / Richard Bootle 
 
Hudson Sandler 
Cat Valentine / Jocelyn       Tel: +44 (0)20 7796 4133 
 Spottiswoode 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

October 05, 2016 02:00 ET (06:00 GMT)

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