Directors' Dealings

RNS Number : 1705T
Audioboom Group PLC
01 October 2014
 



1 October 2014

Audioboom Group plc

("Audioboom" or the "Company")

 

Directors' Dealings

 

Audioboom Group plc (AIM: BOOM), the digital social media audio platform, announces that following the announcement today of a placing by the Company (the "Placing"), a number of Directors have agreed to purchase, in aggregate, 820,000 ordinary shares of no par value in the Company ("Ordinary Shares") under the Placing at a price of 12.5 pence per share ("Director Shares"), at a cost of £102,500.

 

Details of the transactions and the Directors' holdings are set out in the table below:

 

Director

Number of Director Shares acquired

Total number of Ordinary Shares post Admission

Resultant shareholding as a % of the enlarged capital

Robert Proctor, Chief Executive

320,000

320,000

0.06

Roger Maddock, Chairman

240,000

5,513,556

1.04

Rodger Sargent, Non-Executive

160,000

11,593,334

2.19

Simon Cole, Non-Executive

100,000

2,100,000

0.40

 

* In addition, Robert Proctor has warrants to subscribe for 1,000,000 Ordinary Shares

 

The Director Shares will rank pari passu in all respects with the existing Ordinary Shares.

 

Following admission of the New Shares issued as part of the Placing to trading on AIM, the number of Ordinary Shares in issue will be 531,643,649. 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, their shareholding in Audioboom.

 

 

Enquiries:

 

Audioboom Group plc

www.audioboomplc.com

Rob Proctor, CEO

Tel: 020 7403 6688



Arden Partners plc

Tel: 020 7614 5929

Chris Hardie / Ciaran Walsh, Corporate Finance




Walbrook PR

Tel: 020 7933 8780 or audioboom@walbrookpr.com

Paul McManus

Mob: 07980 541 893

Sam Allen

Mob: 07884 664 686



About Audioboom (www.audioboom.com)

 

Audioboom Group plc is a SaaS based digital social media 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 1,700 content partners, including the BBC, Telegraph, Guardian, CBS, Sky Sports, Premier League, Southern Cross Austereo, Reuters, CNBC, Universal and Fox.

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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