TIDMBOOM
RNS Number : 8350Q
Audioboom Group PLC
08 June 2018
8 June 2018
Audioboom Group plc
("Audioboom" or "the Company")
Further re Placing and Subscription to raise up to GBP4.5
million
Further to the announcement made earlier today, Audioboom Group
plc (AIM:BOOM), the leading spoken word audio on-demand platform,
announces that Roger Maddock, a non-executive Director of the
Company, has conditionally subscribed for 3,333,334 new Ordinary
Shares, representing approximately GBP100,000 at the Issue Price
(the "Maddock Subscription"). The Maddock Subscription is on the
same terms as those described in the Company's announcement made
earlier today (the "Prior Announcement") and the Circular that will
be posted to shareholders today, which will be available on the
Company's website, www.audioboomplc.com (the "Circular").
The definitions that apply throughout this announcement are as
set out in the Prior Announcement.
Following confirmation of the Maddock Subscription, the total
gross proceeds of the Placing will be GBP4.5 million.
Completion of the Maddock Subscription is conditional on Second
Admission. The new Ordinary Shares to be issued in the Maddock
Subscription will, on Second Admission, have the same rights in all
respects with Existing Ordinary Shares, including the right to
receive all dividends and other distributions declared. It is
expected that Second Admission will be effective and trading will
commence on 26 June 2018 (or such other date, not being later than
3 July 2018), subject to approval being received at the
Extraordinary General Meeting of the Company.
The following table sets out Roger Maddock's interest in
Ordinary Shares as at today and immediately following Second
Admission.
Shareholder Ordinary % of the Participation Interest % of issued
Shares current in the immediately share capital
held as issued Placing following immediately
at today share Second Admission following
capital Second Admission
--------------- ----------- --------- -------------- ------------------ ------------------
Roger Maddock 17,113,556 1.84% 3,333,334 20,446,890 1.76%
--------------- ----------- --------- -------------- ------------------ ------------------
The FCA notification, made in accordance with the requirements
of the EU Market Abuse Regulation is appended below.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1. Details of the person discharging managerial responsibilities
/ person closely associated
--- ------------------------------------------------------------------
a) Name Roger Maddock
--- ------------------------------- ---------------------------------
2. Reason for the Notification
--- ------------------------------------------------------------------
a) Position/status Non-executive Director
--- ------------------------------- ---------------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- ---------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- ------------------------------------------------------------------
a) Name Audioboom Group plc
--- ------------------------------- ---------------------------------
b) LEI 213800QO681575J97813
--- ------------------------------- ---------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place
where transactions have been conducted
--- ------------------------------------------------------------------
a) Description of Ordinary Shares
the Financial instrument, of no par value
type of instrument
---
Identification
code ISIN: JE00B5NFKB77
--- ------------------------------- ---------------------------------
b) Nature of the transaction Grant of Options
--- ------------------------------- ---------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------- ----------
GBP0.03 per share 3,333,334
------------------- ----------
--- ------------------------------- ---------------------------------
d) Aggregated information:
* Aggregated volume 3,333,334
GBP0.03 per share
* Price
--- ------------------------------- ---------------------------------
e) Date of the transaction 8 June 2018
--- ------------------------------- ---------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- ---------------------------------
Enquiries:
Audioboom Group plc
Rob Proctor, Chief Executive Officer Tel: +44(0)20 7403 6688
Allenby Capital Limited (Nominated adviser Tel: +44(0)20 3328 5656
and broker)
David Hart / Alex Brearley / Asha Chotai
Novum Securities (Joint broker to the
Placing)
John Belliss / Gavin Burnell / Colin Tel: +44 (0)20 7399 9400
Rowbury
Walbrook PR Limited (PR & IR Advisers) Tel: +44(0)20 7933 8780
Paul Cornelius / Sam Allen or audioboom@walbrookpr.com
About Audioboom
Audioboom is a global podcasting platform that consolidates the
business of on-demand audio, making content accessible,
wide-reaching and profitable for podcasters, advertisers and
brands. Audioboom operates internationally, with operations across
North America, Europe, Asia and Australia, and addresses the issue
of disparate podcast services by putting all of the pieces of the
puzzle together under one umbrella, creating a user-friendly,
economical experience.
Audioboom hosts over 12,000 content channels, with key content
partners including A+E Networks (US) Associated Press (US), The BBC
(UK), "Casefile True Crime" (AUS), CastBox Originals (US), Edith
Bowman (UK), "Felon True Crime Podcast" (AUS), "Moneycontrol
Podcast" (India), "News Roast" (UK), "No Such Thing As A Fish"
(UK), "Pound for Pound with Jake Wood and Spencer Oliver" (UK),
"Red FM (India), Starburns Audio (US), "The Totally Football Show"
(UK), "The True Geordie Podcast" (UK) and "Undisclosed" (US).
Original content produced by Audioboom includes "The 45th" (US),
"Covert" (US) "I Almost Knew That" (India), "The Psychology Behind
with Dr Linda Papadopoulos" (UK), "Ctrl Alt Win Podcast" (India),
"Deliberations" (US), "It's Happening with Snooki & Joey" (US),
"Mafia" (US) "Mission To Zyxx" (US), "Night Call" (US) and "The
Russell Brand Podcast" (UK).
The platform receives over 60 million listens per month and
allows partners to share their content via Apple Podcasts,
BookMyShow, Deezer, Google Play, iHeartRadio, Saavn, Spotify,
Stitcher, Facebook and Twitter as well as their own websites and
mobile apps.
For more information on Audioboom visit audioboom.com.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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