Audioboom Group PLC Exercise of warrants (2819W)
February 08 2017 - 2:00AM
UK Regulatory
TIDMBOOM
RNS Number : 2819W
Audioboom Group PLC
08 February 2017
8 February 2017
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 2,921,802 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 2,921,802 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 13 February 2017. 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 694,109,078 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 2222
Neil Patel / Richard Bootle
Hudson Sandler
Cat Valentine / Jocelyn Tel: +44 (0)20 7796 4133
Spottiswoode
About Audioboom
Audioboom is the leading spoken--word audio platform for
hosting, distributing and monetising content.
Audioboom works with more than 3,000 active broadcasters,
content creators and podcasters around the world -- including
Cumulus, the BBC, NewsCorp, Associated Press, NBC Sports Radio,
Undisclosed and Global -- hosting approximately 9,500 content
channels.
Audioboom's hosting and distribution platform allows partners to
embed, share via social channels and re--syndicate their content.
Audioboom content receives more than 40m unique file requests 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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