Last checked at 2 Apr 2015 07:00
2 April 2015
Audioboom Group plc
(the "Company" or "Audioboom")
Appointment of Nick Candy as non-executive Director
Audioboom (AIM: BOOM), the leading spoken-word audio on-demand mobile platform, announces the appointment of Nick Candy as a non-executive Director to the board of Audioboom with immediate effect.
Nick Candy is co-founder and Chief Executive Officer of Candy & Candy Limited, one of the world's foremost luxury real estate designers, whose projects include One Hyde Park in London.
He is taken to be beneficially interested in 15,650,000 ordinary shares in the Company (representing approximately 2.9 per cent of the issued share capital). In addition, rather than taking a fee for his services as a Director of the Company, he has today been granted warrants to subscribe for 12,000,000 ordinary shares in the Company with an exercise price of 8.375 pence per ordinary share. 50% of the warrants are unconditional; 50% are conditional on the satisfaction of certain performance criteria. The warrants shall become exercisable 12 months from grant and shall lapse 4 years from grant if not exercised.
Malcolm Wall, Chairman of Audioboom, commented "We are delighted Nick has moved on from being not just a supportive shareholder but also a director of the Company. His enthusiasm and contacts within the capital markets and media industry will be of great benefit as Audioboom continues its rapid progress to becoming a global social media platform."
Nick Candy commented, "Having invested in Audioboom, I understand its true potential, and I very much look forward to working alongside its CEO, Rob Proctor, and the Board to unlock that potential and turn the Company into a huge success story."
Audioboom Group plc | |
Rob Proctor, Chief Executive Officer | Tel: 020 7403 6688 |
Arden Partners plc - NOMAD and Broker | Tel: 020 7614 5900 |
Chris Hardie/Ciaran Walsh, Corporate Finance | |
Walbrook PR | Tel: 020 7933 8780 or audioboom@walbrookpr.com |
Sam Allen / Paul McManus | Mob: 07884 664 686 / Mob: 07980 541 893 |
The following additional information on Nick Candy is provided pursuant to AIM Rule 17:
Full name and age: Nicholas Anthony Christopher Candy (42)
Current directorships: 52 Grosvenor Street Limited
Candy & Candy Capital PLC
Candy & Candy Holdings Limited
Candy & Candy Limited
Candy Capital Investments Limited
Candy Capital Partners Limited
Candy Group Limited (BVI)
Candy Properties Limited
Candy Properties London Limited
Candy Ventures Limited
Eleven Eleven (London) Holdings Limited
Eleven Eleven (London) LLP
NC (Bond) Limited
NC (London) Limited
Nicholas Candy Group of Companies Limited
Previous directorships (past 5 years):
CPC Aviation Limited
Prospect Number Three Limited
Candy & Candy Holdings II Limited
C&C Commercial Properties Holdings Limited
Chelsea Square Investments Limited
Manresa Developments Limited
C&C DMS Limited
Candy & Candy Consulting Limited
Banklawn Limited
Candy & Candy Retail Limited
Omni Capital Partners Limited
Bellefields Limited
Save for the above, there is no further information that is required to be disclosed in accordance with paragraph (g) of Schedule 2 of the AIM Rules for Companies with respect to the appointment of Nick Candy.
About Audioboom (www.audioboom.com)
Audioboom is the leading mobile, web and connected device platform for the very best spoken-word content in news, current affairs, business, entertainment and sports.
It operates a digital, on-demand, streaming 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 2,300 content partners, including the BBC, Telegraph, Guardian, CBS, Sky Sports, Premier League, Southern Cross Austereo, Reuters, CNBC, Universal and Fox.
Audioboom is using this platform to create the world's first aggregated audio content syndication and advertising network.