Exercise of warrants

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 Officer	Tel: [phone]
David McDonagh, Chief Financial Officer
Liberum (NOMAD and Broker)	Tel: [phone]
Neil Patel / Richard Bootle
Hudson Sandler
Cat Valentine / Jocelyn Spottiswoode	Tel: [phone]

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.

 

END

 

 

MSCEAEAXEFEXEAF