Issue of Warrants

RNS Number : 6300O

Audioboom Group PLC

29 May 2015

 



29 May 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 2,000,000 warrants to subscribe for ordinary shares in the Company to a talent management company as part of an existing agreement for that company to supply talent and audio content to Audioboom.

The warrants have an exercise price of 12.5p.  They may be exercised at any time from the first until the fourth anniversary of their grant.  The warrants are equivalent to approximately 0.38% 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 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 2,400 active 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.

 

END

 

 

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