Audioboom Group PLC Exercise of warrants (3652C)
April 12 2017 - 10:10AM
UK Regulatory
TIDMBOOM
RNS Number : 3652C
Audioboom Group PLC
12 April 2017
12 April 2017
Audioboom Group plc
("Audioboom" or the "Company")
Exercise of warrants
Audioboom (AIM: BOOM), the leading spoken word audio on-demand
platform, announces that it has received exercise notices in
respect of warrants to subscribe for 534,822 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 534,822 new Shares to the holders of the warrants and
has received gross proceeds of GBP8022.33.
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 2017. The Shares will
rank pari passu in all respects with existing ordinary shares.
Following Admission, and in accordance with the FCA's Disclosure
Guidance and Transparency Rules, the Company's issued share capital
will be comprised of 919,030,216 Shares. This 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
Guidance and Transparency Rules.
Enquiries:
+44 (0)20 7403
Audioboom Group plc 6688
Rob Proctor, Chief Executive
Officer
David McDonagh, Chief Financial
Officer
Allenby Capital Limited (Nominated +44 (0)20 3328
adviser and broker) 5656
David Hart/James Thomas/Asha
Chotai
+44 (0)20 7933
Walbrook PR Ltd (PR & IR Advisors) 8780
Paul Cornelius/ Sam Allen or audioboom@walbrookpr.com
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 more than 10,000 content
channels.
Audioboom's hosting and distribution platform allows partners to
embed, share via social channels and re--syndicate their content.
Audioboom content receives approximately 50m 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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