TIDMBOOM

RNS Number : 3148K

Audioboom Group PLC

27 August 2019

27 August 2019

Audioboom Group plc

("Audioboom" or the "Company")

Holding in Company

Director/PDMR Shareholding

Audioboom (AIM: BOOM), the leading global podcast company, announces that it has been notified today that Nick Candy, a substantial shareholder of the Company, has transferred 110,000 ordinary shares of no par value in the Company ("Ordinary Shares") from his personal holding to Candy Ventures SARL, a company of which Nick Candy is a 90 per cent. shareholder and a director. This transfer of Ordinary Shares was completed at a book value of 210 pence per Ordinary Share.

Following the transfer of Ordinary Shares from Nick Candy to Candy Ventures SARL described above, Nick Candy's direct and indirect interest in the Company's issued share capital remains unchanged, at a total of 3,602,602 Ordinary Shares, representing approximately 25.72 per cent. of the Company's issued ordinary share capital, which includes 3,532,602 Ordinary Shares held via Candy Ventures SARL. The TR-1 Notification from Candy Ventures SARL is appended below.

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.

TR-1: Standard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS 
 
 1a. Identity of the issuer                                               AUDIOBOOM GROUP PLC 
  or the underlying issuer of 
  existing shares to which voting 
  rights are attached(ii) : 
                                                          --------------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer (please 
  mark with an "X" if appropriate) 
 Non-UK issuer 
                                                                                                         ---- 
 2. Reason for the notification (please mark the appropriate box 
  or boxes with an "X") 
 An acquisition or disposal of voting rights                                                               X 
                                                                                                         ---- 
 An acquisition or disposal of financial instruments 
                                                                                                         ---- 
 An event changing the breakdown of voting rights 
                                                                                                         ---- 
 Other (please specify)(iii) : Issue of new ordinary shares 
                                                                                                         ---- 
 3. Details of person subject to the notification obligation(iv) 
 Name                                                      Candy Ventures sarl 
 City and country of registered                            Luxembourg 
  office (if applicable) 
 4. Full name of shareholder(s) (if different from 3.)(v) 
 Name 
                                                          --------------------------------------------------- 
 City and country of registered 
  office (if applicable) 
                                                          --------------------------------------------------- 
 5. Date on which the threshold                            27 August 2019 
  was crossed or reached(vi) 
  : 
                                                          --------------------------------------------------- 
 6. Date on which issuer notified                          27 August 2019 
  (DD/MM/YYYY): 
                                                          --------------------------------------------------- 
 7. Total positions of person(s) subject to the notification obligation 
                              % of voting            % of voting          Total of both   Total number 
                            rights attached         rights through         in % (8.A +     of voting rights 
                            to shares (total     financial instruments         8.B)        of issuer(vii) 
                                of 8. A)               (total of 
                                                      8.B 1 + 8.B 
                                                          2) 
                          ------------------  -------------------------  --------------  -------------------- 
 Resulting 
  situation 
  on the date 
  on which threshold 
  was crossed 
  or reached                    25.22%                                       25.22%            14,006,757 
                          ------------------  -------------------------  --------------  -------------------- 
 Position of 
  previous notification 
  (if 
  applicable)                   24.44%                                       24.44% 
                          ------------------  -------------------------  --------------  -------------------- 
 
 
 
 8. Notified details of the resulting situation on the date on 
  which the threshold was crossed or reached(viii) 
 A: Voting rights attached to shares 
 Class/type          Number of voting rights(ix)                               % of voting rights 
  of 
  shares 
  ISIN code 
  (if possible) 
                            Direct                      Indirect                       Direct              Indirect 
                      (Art 9 of Directive          (Art 10 of Directive          (Art 9 of Directive       (Art 10 of 
                          2004/109/EC)                 2004/109/EC)             2004/109/EC) (DTR5.1)      Directive 
                            (DTR5.1)                    (DTR5.2.1)                                        2004/109/EC) 
                                                                                                           (DTR5.2.1) 
                                            -------------------------------- 
     Ordinary 
      Shares/ 
    JE00B5NFKB77           3,532,602                        -                          25.22%                  - 
                    ----------------------  --------------------------------  ------------------------  -------------- 
 
 
 SUBTOTAL 
  8. A 
                    --------------------------------------------------------  ---------------------------------------- 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 
  2004/109/EC (DTR5.3.1.1 (a)) 
 Type of             Expiration   Exercise/                             Number of voting                 % of voting 
  financial           date(x)      Conversion Period(xi)                 rights that may                  rights 
  instrument                                                             be acquired if 
                                                                         the instrument 
                                                                         is 
                                                                         exercised/converted. 
                    -----------  ------------------------------------  -------------------------------  -------------- 
 
 
 
                                  SUBTOTAL 8. B 1 
                                 ------------------------------------  -------------------------------  -------------- 
 
 B 2: Financial Instruments with similar economic effect according 
  to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
 Type           Expiration        Exercise/               Physical or              Number of             % of voting 
  of             date(x)           Conversion              cash                     voting rights         rights 
  financial                        Period (xi)             settlement(xii) 
  instrument 
               ----------------  ----------------------  -----------------------  -------------------- 
 
 
 
                                                          SUBTOTAL 8.B.2 
                                                         -----------------------  -------------------- 
 
 
 
 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is not controlled 
  by any natural person or legal entity and does not control 
  any other undertaking(s) holding directly or indirectly an 
  interest in the (underlying) issuer(xiii) 
 Full chain of controlled undertakings through which the voting                        x 
  rights and/or the 
  financial instruments are effectively held starting with 
  the ultimate controlling natural person or legal entity(xiv) 
  (please add additional rows as necessary) 
    Name(xv)        % of voting rights      % of voting rights       Total of both if 
                      if it equals or        through financial        it equals or is 
                     is higher than the      instruments if it        higher than the 
                    notifiable threshold    equals or is higher     notifiable threshold 
                                            than the notifiable 
                                                 threshold 
                  ----------------------  ---------------------  ------------------------ 
 Nick Candy        25.72%                  -                      25.72% 
                  ----------------------  ---------------------  ------------------------ 
 Candy Ventures 
  SARL             25.22%                  -                      25.22% 
                  ----------------------  ---------------------  ------------------------ 
 
 
 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder                  N/A 
                                          ----------------------------------------------- 
 The number and % of voting                N/A 
  rights held 
                                          ----------------------------------------------- 
 The date until which the voting           N/A 
  rights will be held 
                                          ----------------------------------------------- 
 
 11. Additional information(xvi) 
 
 
 
 
 Place of      London 
  completion 
 Date of       27 August 2019 
  completion 
              --------------- 
 

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              Ordinary shares of no par value in Audioboom 
       of the financial         Group plc 
       instrument, 
       type of instrument 
                                Identification code (ISIN) for Audioboom 
       Identification           Group plc ordinary shares: JE00BJYJFG60 
       code 
     -----------------------  --------------------------------------------- 
 b)   Nature of the            Transfer of ordinary shares to Candy 
       transaction              Ventures SARL 
     -----------------------  --------------------------------------------- 
 c)   Price(s) and              Price(s)      Volume(s) 
       volume(s)                 210p 
                                  (book 
                                  value 
                                  of 
                                  transfer)    110,000 
                                              ---------- 
     -----------------------  --------------------------------------------- 
 d)   Aggregated information 
       - Aggregated              n/a 
       volume 
       - Price 
     -----------------------  --------------------------------------------- 
 e)   Date of the              27 August 2019 
       transaction 
     -----------------------  --------------------------------------------- 
 f)   Place of the             Outside a trading venue 
       transaction 
     -----------------------  --------------------------------------------- 
 

Enquiries

 
 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 
  and Joint Broker)                            5656 
 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

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August 27, 2019 11:31 ET (15:31 GMT)

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