Issue of Warrants

RNS Number : 5358F

Audioboom Group PLC

23 February 2015

 



23 February 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 800,000 warrants to subscribe for ordinary shares in the Company to Saxon Bruce Limited as part of an agreement for that company to supply talent and audio content to Audioboom, alongside on-air and online promotion.

The warrants have an exercise price of 12.5p, a 27 per cent premium to the latest closing mid-market price of an ordinary share.  They may be exercised at any time from the first until the fourth anniversary of their grant.  The warrants are equivalent to approximately 0.15% of the Company's total shares in issue.

Enquiries:

Audioboom Group plc
Rob Proctor	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]

About Audioboom (www.audioboom.com)

Audioboom Group plc is 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 currently has over 2,300 content partners, including the BBC, Telegraph, Guardian, Associated Press, Sky Sports, Premier League, Southern Cross Austereo, Reuters, CNBC, Universal Music Group and Fox News.

 

END

 

 

IOEBCGDDLBDBGUG