REG - Audioboom Group PLC - Exercise of warrants <Origin Href="QuoteRef">BOOMA.L</Origin>

AudioboomAnnouncement

23/05/2017 07:00

RNS Number : 8836F
Audioboom Group PLC
23 May 2017
Audioboom Group plc
("AudioBoom" or the "Company")
Exercise of warrants
Director/PDMR shareholding
AudioBoom (AIM: BOOM), the leading spoken word audio on-demand platform, announces that it has received exercise notices in respect of warrants to subscribe for 6,993,175ordinary shares in the Company ("Shares") at an exercise price of 1.5p per share. Accordingly, the Company has today issued 6,993,175new Shares to the holders of the warrants in return for subscription monies of 104,897.62.
These warrants relate to the acquisition of Audioboo Limited in May 2014 pursuant to which warrants were issued to the vendors. The final exercise date for these warrants has now passed and any remaining warrants from this time have now lapsed. 
Within the above totals, Rob Proctor, CEO of the Company, has exercised his warrants to subscribe for 1,000,000 Shares for a total subscription price of 15,000. Following the issue of the Shares, his holding of Shares will be 2,066,153.
Application has been made for the new Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective at 8.00 a.m. on 26 May 2017. The Shares will rank pari passu in all respects with existing ordinary shares.
Following Admission, and in accordance with Disclosure Guidance and Transparency Rules, the Company's issued ordinary share capital will be comprised of 930,649,854 Shares. This figure may be used by shareholders as a 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, AudioBoom under the FCA's Disclosure Guidance and Transparency Rules. 
Enquiries: 
Audioboom Group plc
+44 (0)20 7403 6688
Rob Proctor, Chief Executive Officer
David McDonagh, Chief Financial Officer
Allenby Capital Limited (Nominated adviser and broker)
+44 (0)20 3328 5656
David Hart/James Thomas/Asha Chotai
Walbrook PR Ltd (PR & IR Advisors)
+44 (0)20 7933 8780
Paul Cornelius/ Sam Allen
or audioboom@walbrookpr.com
About AudioBoom
AudioBoom is the leading spokenword audio platform for hosting, distributing and monetising content.
AudioBoom works with more than 4,400 broadcasters, content creators and podcasters around the worldincluding Cumulus, the BBC, Associated Press, NBC Sports Radio and Undisclosedhosting more than 10,000 content channels.
AudioBoom's hosting and distribution platform allows partners to embed, share via social channels and resyndicate their content. AudioBoom content receives over 50m unique file requests per month, and growing. Additionally, AudioBoom works with its partners to monetise their audio via live inreads, the dynamic insertion of pre, mid and post roll audio adverts, and video ads, which unlike most other forms of digital advertising cannot be prevented from being broadcast by ad blockers as it is part of the audio recording.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
The following notification is made under article 19 of the Market Abuse Regulation ("MAR").
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Robert Proctor
2
Reason for the notification
a)
Position/status
Chief Executive Officer
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
N/A
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 the financial instrument, type of instrument 
Identification code
Ordinary Shares of no par value
JE00B5NFKB77
b)
Nature of the transaction
Exercise of warrants issued in respect of the acquisition of Audioboo Limited.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
0.015
1,000,000
d)
Aggregated information
Aggregated volume
Price
1,000,000
0.015
e)
Date of the transaction
23 May 2017
f)
Place of the transaction
London Stock Exchange

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