Response to Aaquaverse TR1

RNS Number : 3263T

Audioboom Group PLC

21 July 2022

 

Audioboom Group plc

("Audioboom", the "Group" or the "Company")

Response to Aaquaverse TR1  

The board of the Company ("Board") notes the TR1 notification which it received from Aaquaverse Pte Ltd ("Aaquaverse") and which the Company has now released by way of an RNS announcement.

The Board understands that, following disposals totaling 157,500 shares between 22 June and 15 July 2022, and the unwinding of a facility agreement over 908,250 shares on 19 July 2022, Aaquaverse now holds shares totaling 11.57% of the current ordinary shares in issue. Since first being informed of the above changes in ownership on 20 July, the Board has sought to clarify the resultant beneficial interests as accurately and quickly as possible in order to provide an accurate summary to the market. All available information has now been disclosed.

Enquiries

Audioboom Group plc	Tel: [phone]
Stuart Last, Chief Executive Officer Brad Clarke, Chief Financial Officer
finnCap Ltd (Nominated Adviser and Broker)	Tel: [phone]
Jonny Franklin-Adams/Abigail Kelly/Milesh Hindocha (Corporate Finance) Richard Chambers/Harriet Ward (ECM)

About Audioboom

 Audioboom is a global leader in podcasting - our shows are downloaded 133 million times each month by 35 million unique listeners around the world. Audioboom is ranked as the third largest podcast publisher by average weekly users in the US by Triton Digital.

Audioboom's ad-tech and monetisation platform underpins a scalable content business that provides commercial services for more than 8,000 podcasts, with key partners including 'Casefile True Crime' (US), 'True Crime Obsessed' (US), 'The Morning Toast' (US), 'No Such Thing As A Fish' (UK), and 'The Cycling Podcast' (UK).

Audioboom Studios is home to a slate of content produced by Audioboom including 'Devils in the Dark', 'F1: Beyond The Grid', 'RELAX!', 'Covert', 'It's Happening with Snooki & Joey', 'Mafia', 'Huddled Masses' and 'What Makes A Killer'.

Audioboom operates internationally, with operations and global partnerships across North America, Europe, Asia and Australia. The platform allows content to be distributed via Apple Podcasts, Spotify, Pandora, Amazon Music, Deezer, Google Podcasts, iHeartRadio, RadioPublic, Saavn, Stitcher, Facebook and Twitter as well as a partner's own websites and mobile apps. 

For more information, visit audioboom.com.

 

END

 

 

RSPBGGDRUSDDGDB