RE: Possible offer for Audioboom podcast company19 Jul 2021 13:12
19 July 2021
Audioboom Group plc
("Audioboom", the "Group" or the "Company")
Statement re proposal from All Active Asset Capital Limited
Audioboom (AIM: BOOM), the leading global podcast company, notes the announcement made this morning by All Active Asset Capital Limited ("AAA") regarding a possible offer to be made by AAA for Audioboom (the "Possible Offer").
Audioboom was contacted by AAA regarding the Possible Offer during the late afternoon of Friday, 16 July 2021 and has not had any material dialogue with AAA regarding the Possible Offer subsequent to its receipt.
The Company does not have any comment to make regarding the Possible Offer at present and shareholders are advised to take no action.
Audioboom looks forward to announcing its interim results for the six-month period ended 30 June 2021 on 20 July 2021.
There can be no certainty that AAA's proposal will result in an offer for the Company, nor as to the terms on which any offer might be made.
In accordance with Rule 2.6(a) of the Code, AAA must, by not later than 5.00 p.m. on 16 August 2021, either announce a firm intention to make an offer for Audioboom in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will be extended only with the consent of the Panel on Takeovers and Mergers ('Takeover Panel') in accordance with Rule 2.6(c) of the Code.
Rule 2.9 Disclosure
In accordance with Rule 2.9 of the Code, Audioboom confirms that, as at the date of this announcement, it has 15,693,105 ordinary shares of no par value in issue with International Securities Identification Number JE00BJYJFG60.
This announcement is being made without the approval of AAA. A further announcement will be made when appropriate.
BOOM RNS
Note 'Audioboom was contacted by AAA regarding the Possible Offer during the late afternoon of Friday, 16 July 2021 and has not had any material dialogue with AAA regarding the Possible Offer subsequent to its receipt.'.