Issue of Warrants

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 Broker

Tel: 020 7614 5929

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
 
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