Appointment of non-executive Director

RNS Number : 2556J

Audioboom Group PLC

02 April 2015

 

2 April 2015

Audioboom Group plc

(the "Company" or "Audioboom")

Appointment of Nick Candy as non-executive Director

Audioboom (AIM: BOOM), the leading spoken-word audio on-demand mobile platform, announces the appointment of Nick Candy as a non-executive Director to the board of Audioboom with immediate effect.

Nick Candy is co-founder and Chief Executive Officer of Candy & Candy Limited, one of the world's foremost luxury real estate designers, whose projects include One Hyde Park in London. 

He is taken to be beneficially interested in 15,650,000 ordinary shares in the Company (representing approximately 2.9 per cent of the issued share capital). In addition, rather than taking a fee for his services as a Director of the Company, he has today been granted warrants to subscribe for 12,000,000 ordinary shares in the Company with an exercise price of 8.375 pence per ordinary share.  50% of the warrants are unconditional; 50% are conditional on the satisfaction of certain performance criteria. The warrants shall become exercisable 12 months from grant and shall lapse 4 years from grant if not exercised.

Malcolm Wall, Chairman of Audioboom, commented "We are delighted Nick has moved on from being not just a supportive shareholder but also a director of the Company.  His enthusiasm and contacts within the capital markets and media industry will be of great benefit as Audioboom continues its rapid progress to becoming a global social media platform."

Nick Candy commented, "Having invested in Audioboom, I understand its true potential, and I very much look forward to working alongside its CEO, Rob Proctor, and the Board to unlock that potential and turn the Company into a huge success story."

Audioboom Group plc
Rob Proctor, Chief Executive Officer	Tel: [phone]
Arden Partners plc - NOMAD and Broker	Tel: [phone]
Chris Hardie/Ciaran Walsh, Corporate Finance
Walbrook PR	Tel: [phone] or [e-mail]
Sam Allen / Paul McManus	Mob: [phone] / Mob: [phone]

The following additional information on Nick Candy is provided pursuant to AIM Rule 17:

Full name and age:                         Nicholas Anthony Christopher Candy (42)

Current directorships:                   52 Grosvenor Street Limited 

Candy & Candy Capital PLC

Candy & Candy Holdings Limited

Candy & Candy Limited

Candy Capital Investments Limited

Candy Capital Partners Limited

Candy Group Limited (BVI)

Candy Properties Limited

Candy Properties London Limited

Candy Ventures Limited

Eleven Eleven (London) Holdings Limited

Eleven Eleven (London) LLP

NC (Bond) Limited

NC (London) Limited

Nicholas Candy Group of Companies Limited  

Previous directorships (past 5 years):

                                                                CPC Aviation Limited

Prospect Number Three Limited

Candy & Candy Holdings II Limited

C&C Commercial Properties Holdings Limited

Chelsea Square Investments Limited

Manresa Developments Limited

C&C DMS Limited

Candy & Candy Consulting Limited

Banklawn Limited

Candy & Candy Retail Limited

Omni Capital Partners Limited

Bellefields Limited

Save for the above, there is no further information that is required to be disclosed in accordance with paragraph (g) of Schedule 2 of the AIM Rules for Companies with respect to the appointment of Nick Candy.

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 2,300 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.

 

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