REG - Audioboom Group PLC - Directorate Changes <Origin Href="QuoteRef">BOOMA.L</Origin>

AudioboomAnnouncement

05/08/2016 07:07

RNS Number : 3310G
Audioboom Group PLC
05 August 2016
For release at 07.00am
5 August 2016
AUDIOBOOM GROUP PLC
("Audioboom" or the "Company")
DIRECTORATE CHANGES
Audioboom (AIM: BOOM), the leading spoken word audio on-demand platform, announces that David McDonagh, who joined Audioboom as Chief Financial Officer in May 2015, has been appointed to the Board as an executive director with effect from 4 August 2016.
Non-executive directors, Michael Cooper and Nick Candy have resigned from the Board with effect from 4 August 2016 to focus on other commitments and opportunities. Nick Candy remains a significant and committed shareholder in the business.
Steven Smith also joins the Board as a non-executive director with effect from 4 August 2016. Steven qualified as a Chartered Accountant at BDO and subsequently as a Chartered Tax Adviser whilst at KPMG. He has held a number of senior financial positions at large public and private businesses.
Malcolm Wall, Chairman of Audioboom, said:
"On behalf of the Company, I am delighted to welcome both David and Steven to the Board. David has already had a significant positive impact on the business since his appointment as CFO last May and we look forward to his contribution to the business as it continues to grow. Steven has been a close adviser to the Candy Brothers for 15 years and currently runs one of their private investment funds. He has a strong understanding of Audioboom, having acted as an alternate director for Nick Candy on a number of occasions, and is already well known to the Board.
"Mike and Nick have been big supporters of the Company, providing valuable contributions to the Board since their respective appointments and my colleagues and I would like to extend our sincere thanks for their considerable efforts."
The following additional information onDavid McDonagh and Steven Smith is provided pursuant to AIM Rule 17:
Full name and age:
David Adam McDonagh (49)
Current directorships:
AudioBoom Limited
AudioBoom India Private Limited
DMCD Limited
Exsis EDA Systems Limited
Moow Limited
Previous directorships (past 5 years):
16 St James' Square Bath Limited
Hermvale Limited
Christian Adam Limited
22 St James' Square Bath (Management) Limited
Full name and age:
Steven Miles Smith (57)
Current directorships:
Blippar.com Limited
Warsmith Limited
Hanzo Archives Limited
The Nicholls Spinal Injury Foundation
Hunscote Strategic Consultants Limited
Hunscote Stud Limited
Reef Securities Limited
Amity Events Limited
Eaton Investments Limited
SMS Investments Limited
Candy Ventures sarl
Previous directorships (past 5 years):
CPC Group Limited
Candy and Candy Limited
CPC Aviation Limited
Omni Capital Property Finance Limited
Omni Capital Retail Finance Limited
Fontwell Capital Limited
Maker Offices Limited
Risc Management Limited
21 Chesham Place Limited
Save for the above, there is no further information that is required to be disclosed in accordance with paragraph (g) of Schedule 2 of the AIM Rules for Companies with respect to the appointments of David McDonagh and Steven Smith.
The information communicated in this announcement contains inside information.
Enquiries:
Audioboom Group plc
Rob Proctor, Chief Executive Officer
Tel: +44 (0)20 7403 6688
David McDonagh, Chief Financial Officer
Liberum (NOMAD and Broker)
Tel: +44 (0)20 3100 2000
Neil Patel / Richard Bootle
Hudson Sandler
Cat Valentine / Katie Cohen
Tel: +44 (0)20 7796 4133
About Audioboom (www.audioboomplc.com)
Audioboom is the leading spokenword audio platform for hosting, distributing and monetising content.
Audioboom works with more than 2,500 active broadcasters, content creators and podcasters around the world  including Cumulus, the BBC, the Telegraph, the Premier League, Associated Press, The Sun, NBC Sports Radio, Undisclosed, Global and Bauer  hosting over 8,500 content channels.
Audioboom's hosting and distribution platform allows partners to embed, share via social channels and resyndicate their content. Audioboom content receives approximately 50m listens per month, and growing. Additionally, Audioboom works with its partners to monetise their audio via live inreads, the dynamic insertion of pre and post roll audio adverts, and video ads.

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