Exercise of options

RNS Number : 6998L

Audioboom Group PLC

05 October 2016

 

5 October 2016

Audioboom Group plc

(the "Company" or "Audioboom")

Exercise of options

Audioboom (AIM: BOOM), the leading spoken word audio on-demand platform, announces that it has received an exercise notice in respect of an option to subscribe for 88,835 ordinary shares in the Company ("Shares") at an exercise price of 1.5p per share and associated subscription monies.  The option relates to  awards made to staff in May 2015.  Accordingly, the Company has today issued 88,835 new Shares to the holder of the option. 

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 11 October 2016.  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 638,021,678 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]

 

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