Directors' Dealings

RNS Number : 1705T

Audioboom Group PLC

01 October 2014

 



1 October 2014

Audioboom Group plc

("Audioboom" or the "Company")

Directors' Dealings

Audioboom Group plc (AIM: BOOM), the digital social media audio platform, announces that following the announcement today of a placing by the Company (the "Placing"), a number of Directors have agreed to purchase, in aggregate, 820,000 ordinary shares of no par value in the Company ("Ordinary Shares") under the Placing at a price of 12.5 pence per share ("Director Shares"), at a cost of £102,500.

Details of the transactions and the Directors' holdings are set out in the table below:

Director	Number of Director Shares acquired	Total number of Ordinary Shares post Admission	Resultant shareholding as a % of the enlarged capital
Robert Proctor, Chief Executive	320,000	320,000	0.06
Roger Maddock, Chairman	240,000	5,513,556	1.04
Rodger Sargent, Non-Executive	160,000	11,593,334	2.19
Simon Cole, Non-Executive	100,000	2,100,000	0.40
* In addition, Robert Proctor has warrants to subscribe for 1,000,000 Ordinary Shares

The Director Shares will rank pari passu in all respects with the existing Ordinary Shares.

Following admission of the New Shares issued as part of the Placing to trading on AIM, the number of Ordinary Shares in issue will be 531,643,649. This figure may be used by shareholders as the 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, their shareholding in Audioboom.

Enquiries:

Audioboom Group plc	www.audioboomplc.com
Rob Proctor, CEO	Tel: [phone]
Arden Partners plc	Tel: [phone]
Chris Hardie / Ciaran Walsh, Corporate Finance
Walbrook PR	Tel: [phone] or [e-mail]
Paul McManus	Mob: [phone]
Sam Allen	Mob: [phone]

About Audioboom (www.audioboom.com)

Audioboom Group plc is a SaaS based digital social media 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 1,700 content partners, including the BBC, Telegraph, Guardian, CBS, Sky Sports, Premier League, Southern Cross Austereo, Reuters, CNBC, Universal and Fox.

 

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