Audioboom Group PLC - London-based podcasts producer - Notes that Candy Ventures SARL held a 14.0% stake in Audioboom as at Monday this week, down from 23.59% previously. This follows an announcement that AAQUA BV held a 9.6% stake in the company as at Monday this week, having acquired 1.5 million shares from Candy Ventures at 450 pence per share in an off-market transaction worth GBP6.8 million.
Candy Ventures is the investment office of luxury real-estate developer Nick Candy. His stake in Audioboom was also disclosed, having fallen to 14.47% from 24.04%
On Wednesday, All Active Asset Capital Ltd said it had granted options to Ramsey Consultants Ltd and Candy Ventures for 200 million shares exercisable at 50 pence each. Ramsey Consultants and Candy Ventures had expressed an interest in All Active's investment portfolio and particularly its option agreement with AAQUA, which is based in Amsterdam.
All Active holds an option agreement with AAQUA, allowing All Active to subscribe for as many as 125,000 AAQUA shares at EUR1,000 each, an investment worth EUR125 million if fully exercised. Details of this deal were announced December 18.
The All Active options granted to Rosen and Candy are exercisable until this coming November 30, though this will be shortened to 30 day should All Active exercise "not less than 75%" of the AAQUA option.
Current Audioboom stock price: 437.50p; up 5.4% on Thursday
Year-to-date change: up 67%
By Anna Farley; annafarley@alliancenews.com
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Audioboom Grp. (BOOM)