Audioboom Group PLC Exercise of warrants (2433V)
April 14 2016 - 8:13AM
UK Regulatory
TIDMBOOM
RNS Number : 2433V
Audioboom Group PLC
14 April 2016
14 April 2016
Audioboom Group plc
(the "Company" or "Audioboom")
Exercise of warrants
Audioboom (AIM: BOOM), the leading spoken word audio on-demand
platform, announces that it has received an exercise notice in
respect of warrants to subscribe for 102,504 ordinary shares in the
Company ("Shares") at an exercise price of 1.5p per share and
associated subscription monies. These warrants relate to the
acquisition of Audioboo Limited in May 2014 pursuant to which
warrants were issued to the vendors. Accordingly, the Company has
today issued 102,504 new Shares to the holder of the warrants.
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 20 April 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 535,732,843 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 / Katie Tel: +44 (0)20 7796 4133
Matthews
About Audioboom (www.audioboom.com)
Audioboom is the leading spoken--word audio platform for
hosting, distributing and monetising content.
Audioboom works with 2,400 active broadcasters, content creators
and podcasters around the world -- including Cumulus, the BBC, the
Telegraph, Sky Sports, the Premier League, Associated Press, The
Sun, NBC Sports Radio, Undisclosed, Global and Bauer -- hosting
over 7,400 content channels.
Audioboom's hosting and distribution platform allows partners to
embed, share via social channels and re--syndicate their content.
Audioboom content receives 40 million listens per month, and
growing. Additionally, Audioboom works with its partners to
monetise their audio via live in--reads, the dynamic insertion of
pre and post roll audio adverts, and video ads.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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April 14, 2016 08:13 ET (12:13 GMT)
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