Business
Result of Significantly Oversubscribed Placing
Result of Significantly Oversubscribed Placing.
About this update from Audioboom Group Plc
[{"type":"text","content":"\n\n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN (TOGETHER, THIS \"ANNOUNCEMENT\") IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 (AS AMENDED) (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED)). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n16 July 2025\n\n \nAudioboom Group plc\n(\"Audioboom\" or the \"Company\")\nResult of Significantly Oversubscribed Placing and Total Voting Rights\n \nAudioboom (AIM: BOOM), the leading global podcast company, is pleased to announce that further to the announcement made on 16 July 2025 (the \"Launch Announcement\"), the Accelerated Bookbuild has now closed, and the Company has raised gross proceeds of approximately £3.0 million (before expenses), through the successful Placing of 1,111,112 Placing Shares to new and existing investors, which will be used to part-finance the Acquisition of Adelicious.\nThe Issue Price of 270 pence per share, represents a discount of approximately 3.9 per cent. to the closing mid-market price of 281 pence on 15 July 2025, being the last business day prior to the announcement of the Placing.\nThe Placing has been carried out pursuant to the Company's existing shareholder authorities granted at the Company's 2024 Annual General Meeting.\n\nAdmission and Total Voting Rights\nApplication will be made for the 1,111,112 Placing Shares and the 405,405 Initial Consideration Shares to be admitted to trading on AIM (\"Admission\"). It is expected that Admission will occur at 8.00 a.m. on or around 22 July 2025.\nFollowing Admission, the issued ordinary share capital of the Company will comprise 17,956,158 Ordinary Shares with one voting right per share. The Company does not hold any Ordinary Shares in treasury. Therefore, the total n...