Last checked at 11 May 2015 14:00
11 May 2015
Audioboom Group plc
("Audioboom" or the "Company")
Issue of Warrants
Audioboom (AIM: BOOM), the leading spoken-word audio on-demand mobile platform, announces that it has issued 71,500 warrants to subscribe for ordinary shares in the Company to Mr Christian Payne. The warrants are being issued to fulfil an outstanding obligation on behalf of the Company owed to Mr Payne arising from the time of the reverse acquisition of Audioboom Limited in May 2014 in respect of his agreement to waive his entitlement to options over shares in that entity.
The warrants have an exercise price of 7p. They may be exercised at any time from the first until the fourth anniversary of their grant. The warrants are equivalent to approximately 0.013% of the Company's total shares in issue.
Enquiries:
Audioboom Group plc | |
Rob Proctor | Tel: 020 7403 6688 |
Arden Partners plc - NOMAD and Broker | Tel: 020 7614 5929 |
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 |