Business
AIM Disclosure Update
AIM Disclosure Update.
About this update from Audioboom Group Plc
[{"type":"text","content":"\n \nRNS Number : 7182Z Audioboom Group PLC 19 December 2017 \n\n19 December 2017\nAudioBoom Group plc\n(\"Audioboom\" or the \"Company\")\nAIM Disclosure Update\nAudioboom (AIM: BOOM), the leading spoken-word audio on-demand platform, announces that The Imaginarium Studios Limited, a company of which Malcolm Wall, Chairman of Audioboom, is a director, entered into administration on 15 May 2017. On 23 May 2017, The Imaginarium Studios Limited's estimated deficiency as regards creditors as at 15 May 2017 was stated as being approximately £2.7 million. The administration process in respect of The Imaginarium Studios Limited is ongoing. \n \n\n\n\n\nAudioboom Group plc\n\n\n \n\n\n\n\nRob Proctor, Chief Executive Officer\n\n\nTel: +44(0)20 7403 6688\n\n\n\n\n \n\n\n \n\n\n\n\nAllenby Capital Limited (Nominated adviser and broker)\n\n\nTel: +44(0)20 3328 5656\n\n\n\n\nDavid Hart / Alex Brearley / Asha Chotai\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nWalbrook PR Limited (PR & IR Advisers)\n\n\nTel: +44(0)20 7933 8780\n\n\n\n\nPaul Cornelius / Sam Allen\n\n\nor [email protected]\n\n\n\n\n \nAbout audioBoom\nAudioBoom is a global podcasting platform that consolidates the business of on-demand audio, making content accessible, wide-reaching and profitable for podcasters, advertisers and brands. AudioBoom operates internationally, with operations across North America, Europe, Asia, Australia and Latin America, and addresses the issue of disparate podcast services by putting all of the pieces of the puzzle together under one umbrella, creating a user-friendly, economical experience.\nAudioBoom hosts over 12,000 content channels, with key content partners including Associated Press (US), \"Athletico Mince\" (UK), The BBC (UK), Cumulus Media (US) , Edith Bowman (UK), \"The Heart of It with Estée Lalonde\" (UK), India Today (India), \"News Roast\" (UK), \"No Such Thing As A Fish\" (UK), Red FM (India), \"The Totally Football Show\" (UK), \"Untold: The Daniel Morgan Murder\" (UK), \"Undisclosed\" (US) and Westwood One (US).\nOriginal content produced by AudioBoom includes \"The 45th\" (US), \"I Almost Knew That\" (India), \"Corinne Bailey Rae: The Heart Speaks in Whispers\" (UK), \"Ctrl Alt Win Podcast\" (India), \"Deliberations\" (US), \"InBox (US), \"It's Happening with Snooki & Joey...