Audioboom Group PLC Issue of Warrants (6300O)
May 29 2015 - 6:00AM
UK Regulatory
TIDMBOOM
RNS Number : 6300O
Audioboom Group PLC
29 May 2015
29 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 2,000,000 warrants to
subscribe for ordinary shares in the Company to a talent management
company as part of an existing agreement for that company to supply
talent and audio content to Audioboom.
The warrants have an exercise price of 12.5p. They may be
exercised at any time from the first until the fourth anniversary
of their grant. The warrants are equivalent to approximately 0.38%
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
About Audioboom (www.audioboom.com)
Audioboom is the leading mobile, web and connected device
platform for the very best spoken-word content in news, current
affairs, business, entertainment and sports.
It operates 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 has over 2,400 active content partners, including the
BBC, Telegraph, Guardian, CBS, Sky Sports, Premier League, Southern
Cross Austereo, Reuters, CNBC, Universal and Fox.
Audioboom is using this platform to create the world's first
aggregated audio content syndication and advertising network.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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