REG - Audioboom Group PLC - Directors' Dealings <Origin Href="QuoteRef">BOOMA.L</Origin>

AudioboomAnnouncement

29/10/2014 07:20

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
  END
RDSUGGPWUUPCGPG