TIDMBOOM
RNS Number : 5641X
Audioboom Group PLC
20 December 2019
Audioboom Group plc
("Audioboom", the "Group" or the "Company")
Appointment of Chief Executive Officer
Grant of Options
Notice of year end trading update
Audioboom (AIM: BOOM), the leading global podcast company, is
pleased to announce the appointment of Stuart Last as Chief
Executive Officer and director of the Company, with immediate
effect.
Stuart joined Audioboom in 2014 and launched the business in the
US, leading all strategy, business development, sales and
production operations in the Group's largest market. He served as
Chief Operating Officer before being appointed as the Group's
interim non-Board Chief Executive Officer on 30 September 2019.
Before joining Audioboom, he ran podcast operations at Voxnest in
New York. Stuart previously held executive positions at the BBC in
London, controlling digital strategy for BBC Radio 2, the UK's
largest radio station and overseeing the development of key brands
at BBC Radio 1, including the Live Lounge.
Michael Tobin OBE, Chairman of Audioboom, commented:
"The Company continues to go from strength to strength and I am
delighted that Stuart has demonstrated the ability to quickly get
to grips with the new role. As such the Board has no hesitation in
appointing him as CEO. I look forward to working with him closely
as the Company continues on its upward journey."
Stuart Last, Chief Executive Officer of Audioboom,
commented:
"I'm excited to lead our talented team as we move into a new
year of growth. We have a lot of opportunity and hard work in front
of us as we expand our original content network and help more
advertisers discover the power of podcasting. Audioboom has an
exciting future ahead."
Notice of year-end trading update
The Board intends to provide an unaudited trading update in
respect of the year ended 31 December 2019 on 20 January 2020.
Option grant
Stuart Last has today been awarded 90,000 options ("Options")
over new ordinary shares of no par value in the Company in
conjunction with his appointment. All Options have an exercise
price of GBP2.075 per share.
The grant is made pursuant to the Company's share option scheme
which was adopted on 19 May 2014 (the "Scheme"). The Options may
vest and become exercisable over a three year period, subject to
the satisfaction of performance conditions relating to how the
Company performs by reference to its internal budgets and external
market expectations in each of the financial periods ending 31
December 2020, 31 December 2021 and 31 December 2022. They may also
vest in certain other prescribed circumstances as provided for in
the terms of the Scheme.
The FCA notification in respect of the above Option grant, made
in accordance with the requirements of the EU Market Abuse
Regulation, is appended below.
AIM Rules disclosures
Stuart James Last, aged 39, is, or has during the last five
years been, a director or partner of the following companies and
partnerships:
Current directorships/partnerships Past directorships/partnerships
13 Sinclair Road Limited None
Stuart Last currently holds 4,172 ordinary shares in the
Company, which is equivalent to 0.03% of the Company's voting
rights and issued share capital. Following the above mentioned
grant of Options, he now holds options over 250,000 ordinary shares
in the Company.
Stuart Last has confirmed that there is no further information
required to be disclosed pursuant to schedule 2(g) of the AIM Rules
for Companies.
Enquiries
Audioboom Group plc
Michael Tobin OBE, Chairman Tel: +44(0)20 7403
Stuart Last, Chief Executive Officer 6688
Brad Clarke, Chief Financial Officer
Allenby Capital Limited (Nominated adviser Tel: +44(0)20 3328
and Broker) 5656
David Hart/Alex Brearley/Asha Chotai
Walbrook PR Limited (PR & IR Advisers) Tel: +44(0)20 7933
8780
Nick Rome/Tom Cooper or audioboom@walbrookpr.com
About Audioboom
Audioboom is a global leader in podcasting - producing,
distributing and monetising premium audio content to millions of
listeners around the world. Audioboom operates internationally,
with operations and global partnerships across North America,
Europe, Asia and Australia.
Audioboom provides technology and advertising services for a
premium network of 250 top tier podcasts, with key partners
including 'Casefile True Crime' (US), 'The Morning Toast' (US),
'And That's Why We Drink' (US), 'No Such Thing As A Fish' (UK),
'Starburns Audio' (US), 'The Cycling Podcast' (UK) and 'The Totally
Football Show' (UK).
The Audioboom Originals Network is a slate of content produced
by Audioboom including 'The 45(th) ', 'Covert', 'It's Happening
with Snooki & Joey', 'Mafia', 'Dead Man Talking' and 'Blank
Check'.
The platform allows content to be distributed via Apple
Podcasts, Spotify, BookMyShow, 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 Stuart Last
------------------ ---------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------ ---------------------------------------------
b) Initial Initial notification
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
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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 Options over ordinary shares of no par value
of the financial
instrument,
type of ISIN: JE00B5NFKB77
instrument
Identification
code
------------------ ---------------------------------------------
b) Nature of Grant of options
the transaction
------------------ ---------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) Exercise price of
GBP2.075 per share 90,000
----------
------------------ ---------------------------------------------
d) Aggregated
information
- Aggregated
volume 90,000
- Average
Price
- Total
GBP2.075
GBP186,750
------------------ ---------------------------------------------
e) Date of 20 December 2019
the transaction
------------------ ---------------------------------------------
f) Place of Outside of trading venue - grant of Options
the transaction
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London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
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of this information may apply. For further information, please
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END
MSCMMMMZRLDGLZM
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December 20, 2019 02:00 ET (07:00 GMT)
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