Audioboom Group PLC PDMR/PCA share dealing (1798P)
February 16 2021 - 01:00AM
UK Regulatory
TIDMBOOM
RNS Number : 1798P
Audioboom Group PLC
16 February 2021
Audioboom Group plc
("Audioboom" or the "Company")
PDMR/PCA share dealing
Audioboom (AIM: BOOM), the leading global podcast company,
announces that it was notified on 15 February 2021 that AAQUA B.V.
("AAQUA") has entered into a binding agreement to acquire 1,500,000
ordinary shares in the Company ("Shares") from Candy Ventures SARL
("Candy Ventures"), a company controlled by Nicholas Candy.
The consideration for the sale of the Shares will be the issue
of shares in AAQUA to Candy Ventures, at a valuation of GBP4.50 per
Audioboom Share.
The sale represents approximately 9.6 per cent of the Company's
issued share capital. Following this sale, Candy Ventures will hold
2,197,602 Shares, which is equivalent to approximately 14.0 per
cent. of the Company's issued share capital. The board of Audioboom
has been informed that Candy Ventures intends to retain these
Shares.
Nicholas Candy is a 90 per cent. shareholder of Candy Ventures.
Following the sale by Candy Ventures described above, Nicholas
Candy will be directly and indirectly interested in a total of
2,267,602 Shares, representing approximately 14.5 per cent. of the
Company's issued share capital, which includes the 2,197,602 Shares
held via Candy Ventures .
Candy Ventures is a person closely associated with Steven Smith,
a non-executive director of the Company, who is a person
discharging managerial responsibilities.
The FCA notification in respect of the above, made in accordance
with the requirements of the UK Market Abuse Regulation, is
appended below.
Enquiries
Audioboom Group plc Tel: +44(0)300 303
3765
Stuart Last, Chief Executive Officer
Brad Clarke, Chief Financial Officer
Allenby Capital Limited (Nominated Adviser Tel: +44(0)20 3328
and Broker) 5656
David Hart /Alex Brearley/Asha Chotai (Corporate
Finance)
Guy McDougall / Amrit Nahal (Equity Sales)
About Audioboom
Audioboom is a global leader in podcasting - our shows are
downloaded more than 85 million times each month by 25 million
unique listeners around the world. Audioboom is ranked as the 6th
largest podcast publisher in the US by Triton Digital.
Audioboom's ad-tech and monetisation platform underpins a
scalable content business that provides commercial services for a
premium network of 250 top tier podcasts, with key partners
including 'Casefile True Crime' (US), 'Morbid' (US), 'True Crime
Obsessed' (US), 'The Morning Toast' (US), 'No Such Thing As A Fish'
(UK), and 'The Cycling Podcast' (UK).
The Audioboom Originals Network is a slate of content developed
and produced by Audioboom including 'Baby Mamas No Dramas',
'Covert', 'It's Happening with Snooki & Joey', 'Mafia',
'Huddled Masses' and 'What Makes A Killer'.
Audioboom operates internationally, with operations and global
partnerships across North America, Europe, Asia and Australia. For
more information, visit audioboom.com. The platform allows content
to be distributed via Apple Podcasts, Spotify, Pandora, Amazon
Music, Deezer, Google Podcasts, iHeartRadio, RadioPublic, Saavn,
Stitcher, Facebook and Twitter as well as a partner's own websites
and mobile apps. For more information, visit audioboom.com.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Candy Ventures SARL
------------------------- ------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status Candy Ventures SARL is a person closely
associated with Audioboom Group plc's
Non-Executive Director, Steven Smith
who is a person discharging managerial
responsibilities
------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name Audioboom Group plc
------------------------- ------------------------------------------
b) LEI 213800QO681575J97813
------------------------- ------------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
---------------------------------------------------------------------
a) Description of Ordinary shares of no par value in
the financial Audioboom Group plc
instrument, type
of instrument
Identification Identification code (ISIN) for Audioboom
code Group plc ordinary shares: JE00BJYJFG60
------------------------- ------------------------------------------
b) Nature of the Sale of shares
transaction
------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
450p 1,500,000
----------
------------------------- ------------------------------------------
d) Aggregated information
- Aggregated volume N/A
- Price
------------------------- ------------------------------------------
e) Date of the transaction 15 February 2021
------------------------- ------------------------------------------
f) Place of the transaction Outside a trading facility
------------------------- ------------------------------------------
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END
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