Last checked at 5 Oct 2016 07:00
5 October 2016
Audioboom Group plc
(the "Company" or "Audioboom")
Exercise of options
Audioboom (AIM: BOOM), the leading spoken word audio on-demand platform, announces that it has received an exercise notice in respect of an option to subscribe for 88,835 ordinary shares in the Company ("Shares") at an exercise price of 1.5p per share and associated subscription monies. The option relates to awards made to staff in May 2015. Accordingly, the Company has today issued 88,835 new Shares to the holder of the option.
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 11 October 2016. The Shares will rank pari passu in all respects with existing ordinary shares.
Following Admission, and in accordance with Disclosure and Transparency Rules, the Company's issued ordinary share capital will be comprised of 638,021,678 Shares.
The above 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 and Transparency Rules.
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 2000 |
Neil Patel / Richard Bootle | |
Hudson Sandler | |
Cat Valentine / Jocelyn Spottiswoode | Tel: +44 (0)20 7796 4133 |