Audioboom Group PLC Issue of Warrants (5358F)
February 23 2015 - 2:02AM
UK Regulatory
TIDMBOOM
RNS Number : 5358F
Audioboom Group PLC
23 February 2015
23 February 2015
Audioboom Group plc
("Audioboom" or the "Company")
Issue of Warrants
Audioboom (AIM: BOOM), the leading spoken-word audio on-demand
mobile platform, announces that it has issued 800,000 warrants to
subscribe for ordinary shares in the Company to Saxon Bruce Limited
as part of an agreement for that company to supply talent and audio
content to Audioboom, alongside on-air and online promotion.
The warrants have an exercise price of 12.5p, a 27 per cent
premium to the latest closing mid-market price of an ordinary
share. They may be exercised at any time from the first until the
fourth anniversary of their grant. The warrants are equivalent to
approximately 0.15% of the Company's total shares in issue.
Enquiries:
Audioboom Group plc
Rob Proctor Tel: 020 7403 6688
Arden Partners plc - NOMAD and Tel: 020 7614 5900
Broker
Chris Hardie/Ciaran Walsh, Corporate
Finance
Walbrook PR Tel: 020 7933 8780 or audioboom@walbrookpr.com
Sam Allen / Paul McManus Mob: 07884 664 686 / Mob: 07980
541 893
About Audioboom (www.audioboom.com)
Audioboom Group plc is a digital, on-demand, streaming audio
platform enabling the creation, broadcast and consumption of audio
across multiple global media outlets. Audioboom works with some of
the biggest names in broadcasting across sport, entertainment and
current affairs to bring their content to millions of listeners
worldwide via Facebook, Twitter and other media platforms.
The technology allows partners to embed playlists onto their
sites and apps, use our mobile apps and functionality as listen
again players and re-syndicate their content around the web.
Audioboom also allows the monetisation of audio via the dynamic
insertion of pre and post roll advertising into content as a user
is listening, allowing contemporary advertising selection,
depending on content genre and geographic location of the user.
Audioboom currently has over 2,300 content partners, including
the BBC, Telegraph, Guardian, Associated Press, Sky Sports, Premier
League, Southern Cross Austereo, Reuters, CNBC, Universal Music
Group and Fox News.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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