REG - Audioboom Group PLC - Strategic investment discussions update <Origin Href="QuoteRef">BOOMA.L</Origin>

AudioboomAnnouncement

03/10/2016 10:50

RNS Number : 4521L
Audioboom Group PLC
03 October 2016
3 October 2016
Audioboom Group plc
(the "Company")
Strategic investment discussions update
On 5 August 2016, the Company announced that it was in discussions with a Chinese fund for a strategic investment of up to US$8 million and expected a formal agreement to be entered into by the end of September 2016. The Company wishes to advise that whilst a formal agreement with the Chinese fund has not yet been reached in the timeframe originally envisaged, discussions remain active. The Company will provide a further update in due course.
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 2222
Neil Patel / Richard Bootle



Hudson Sandler

Cat Valentine 
Tel: +44 (0)20 7796 4133

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