Business
Exercise of warrants
Exercise of warrants.
About this update from Audioboom Group Plc
[{"type":"text","content":"\n \nRNS Number : 8836F Audioboom Group PLC 23 May 2017 \n\n \n \n \nAudioboom Group plc\n(\"AudioBoom\" or the \"Company\")\n \nExercise of warrants\n \nDirector/PDMR shareholding\nAudioBoom (AIM: BOOM), the leading spoken word audio on-demand platform, announces that it has received exercise notices in respect of warrants to subscribe for 6,993,175 ordinary shares in the Company (\"Shares\") at an exercise price of 1.5p per share. Accordingly, the Company has today issued 6,993,175 new Shares to the holders of the warrants in return for subscription monies of £104,897.62.\nThese warrants relate to the acquisition of Audioboo Limited in May 2014 pursuant to which warrants were issued to the vendors. The final exercise date for these warrants has now passed and any remaining warrants from this time have now lapsed. \nWithin the above totals, Rob Proctor, CEO of the Company, has exercised his warrants to subscribe for 1,000,000 Shares for a total subscription price of £15,000. Following the issue of the Shares, his holding of Shares will be 2,066,153.\nApplication 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 26 May 2017. The Shares will rank pari passu in all respects with existing ordinary shares.\nFollowing Admission, and in accordance with Disclosure Guidance and Transparency Rules, the Company's issued ordinary share capital will be comprised of 930,649,854 Shares. This 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 Guidance and Transparency Rules. \nEnquiries: \n\n\n\n\nAudioboom Group plc\n\n\n+44 (0)20 7403 6688\n\n\n\n\nRob Proctor, Chief Executive Officer\n\n\n \n\n\n\n\nDavid McDonagh, Chief Financial Officer\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nAllenby Capital Limited (Nominated adviser and broker)\n\n\n+44 (0)20 3328 5656\n\n\n\n\nDavid Hart/James Thomas/Asha Chotai\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nWalbrook PR Ltd (PR & IR Advisors)\n\n\n+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&...