RNS Number : 8963K

Audioboom Group PLC

02 September 2019

2 September 2019

Audioboom Group plc

("Audioboom" or the "Company")

PDMR/PCA Dealing

Audioboom (AIM: BOOM), the leading global podcast company, announces that it was notified on 30 August 2019, that Candy Ventures SARL, a company controlled by Nicholas Candy, purchased 25,000 ordinary shares in the Company ("Ordinary Shares") at an average price of 207.7 pence per Ordinary Share. Following this purchase, Candy Ventures SARL holds 3,557,602 Ordinary Shares, which is equivalent to approximately 25.4 per cent. of the Company's total issued ordinary share capital.

Nicholas Candy is a 90 per cent. shareholder of Candy Ventures SARL. Following the purchases by Candy Ventures SARL described above, Nicholas Candy is directly and indirectly interested in a total of 3,627,602 Ordinary Shares, representing approximately 25.9 per cent. of the Company's issued ordinary share capital, which includes the 3,557,602 Ordinary Shares held via Candy Ventures SARL.

Candy Ventures SARL 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, made in accordance with the requirements of the EU Market Abuse Regulation, is appended below.

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 
      --------------------------  ------------------------------------------ 
 b)    Initial notification        Initial notification 
      --------------------------  ------------------------------------------ 
 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            Identification code (ISIN) for Audioboom 
        of instrument               Group plc ordinary shares: JE00BJYJFG60 
      --------------------------  ------------------------------------------ 
 b)    Nature of the               Purchase of shares 
      --------------------------  ------------------------------------------ 
 c)    Price(s) and volume(s)       Price(s)   Volume(s) 
                                     205p       10,000 
                                      209.5p     15,000 
      --------------------------  ------------------------------------------ 
 d)    Aggregated information       25,000 
   - Aggregated volume 
   - Price 
 -------------------------------  ------------------------------------------ 
 e)    Date of the transaction     29 August and 30 August 2019 
      --------------------------  ------------------------------------------ 
 f)    Place of the transaction    London Stock Exchange, XLON 
      --------------------------  ------------------------------------------ 


 Audioboom Group plc                          Tel: +44(0)20 7403 6688 
 Rob Proctor, Chief Executive Officer 
  Brad Clarke, Chief Financial Officer 
 Allenby Capital Limited (Nominated Adviser   Tel: +44(0)20 3328 5656 
  and Joint Broker) 
 David Hart /Alex Brearley/Asha Chotai 
 Novum Securities (Joint Broker)              Tel: +44(0)20 7399 9400 
 Colin Rowbury/Jon Belliss 
 Walbrook PR Limited (PR & IR Advisers)       Tel: +44(0)20 7933 8780 
 Paul Cornelius / Nick Rome                   or audioboom@walbrookpr.com 

About Audioboom

Audioboom is the leading global podcast company, consolidating the business of on-demand audio, making content accessible, wide-reaching and profitable for podcasters, advertisers and brands. Audioboom operates internationally, with operations and global partnerships across North America, Europe, Asia and Australia, 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.

Audioboom hosts over 13,000 content channels, with key partners including A+E Networks (US), Associated Press (US), 'Astonishing Legends' (US), 'Casefile True Crime' (Aus), Edith Bowman (UK), 'Felon True Crime Podcast' (Aus), Jonathan Ross (UK), 'Moneycontrol Podcast' (India), 'No Such Thing As A Fish' (UK), Red FM (India), Starburns Audio (US), 'The Cycling Podcast' (UK), 'The Totally Football Show' (UK), 'The True Geordie Podcast' (UK) and 'Undisclosed' (US).

Original content produced by Audioboom includes 'Formula 1(R): Beyond the Grid' (UK), 'And That's Why We Drink' (US), 'Dead Man Talking' (UK), 'Blank Check' (US), 'The 45th' (US), 'Covert' (US), 'Deliberations' (US), 'It's Happening with Snooki & Joey' (US), 'Mafia' (US) and 'Night Call' (US).

The platform receives over 90 million listens per month and allows partners to share their content via Apple Podcasts, BookMyShow, Deezer, Google Podcasts, iHeartRadio, RadioPublic, Saavn, Spotify, Stitcher, Facebook and Twitter as well as their own websites and mobile apps.

For more information, visit audioboom.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.



(END) Dow Jones Newswires

September 02, 2019 05:58 ET (09:58 GMT)

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