Audioboom Group PLC Issue of Warrants (7944M)
May 11 2015 - 9:00AM
UK Regulatory
TIDMBOOM
RNS Number : 7944M
Audioboom Group PLC
11 May 2015
11 May 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 71,500 warrants to
subscribe for ordinary shares in the Company to Mr Christian Payne.
The warrants are being issued to fulfil an outstanding obligation
on behalf of the Company owed to Mr Payne arising from the time of
the reverse acquisition of Audioboom Limited in May 2014 in respect
of his agreement to waive his entitlement to options over shares in
that entity.
The warrants have an exercise price of 7p. They may be exercised
at any time from the first until the fourth anniversary of their
grant. The warrants are equivalent to approximately 0.013% 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 5929
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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