Audioboom Group PLC Further re Placing and Subscription (7863V)
26 July 2018 - 4:00PM
UK Regulatory
TIDMBOOM
RNS Number : 7863V
Audioboom Group PLC
26 July 2018
26 July 2018
Audioboom Group plc
("Audioboom" or the "Company")
Further re Placing and Subscription
Audioboom Group plc (AIM:BOOM), the leading spoken word audio
on-demand platform, is pleased to provide an update following its
announcement of 8 June 2018 relating to the conditional placing and
subscription to raise a total of approximately GBP4.5 million
before expenses (the "Placing and Subscription"). Pursuant to the
Placing and Subscription, the issue of a final tranche of
13,333,333 new ordinary shares (the "Deferred Placing Shares") was
conditional, inter alia, on the receipt of certain confirmations
from HM Revenue & Customs, which have now been received by the
Company.
The Deferred Placing Shares will be issued at a price of 3 pence
per share, being the same issue price as the other new ordinary
shares issued in the Placing and Subscription.
Admission and Total Voting Rights
Application has been made for admission of the Deferred Placing
Shares to trading on AIM ("Admission") and it is anticipated that
Admission will occur at 8.00 a.m. on 27 July 2018. Following
Admission, the total issued share capital of the Company will be
1,173,290,949 ordinary shares of no par value. 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, the share capital of
the Company under the FCA's Disclosure Guidance and Transparency
Rules.
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 Joint Broker)
David Hart /Alex Brearley/Asha Chotai
Novum Securities (Joint Broker) Tel: +44(0)20 7399 9400
Colin Rowbury/Jon Belliss
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 14,000 content channels, with key content
partners including A+E Networks (US), Associated Press (US), The
BBC (UK), "Casefile True Crime" (AUS), Edith Bowman (UK), "Felon
True Crime Podcast" (AUS), "F1: Beyond The Grid" (UK),
"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), "Dead Man Talking" (UK/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
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Authority to act as a Primary Information Provider in the United
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contact rns@lseg.com or visit www.rns.com.
END
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