TIDMBOOM
RNS Number : 4095C
Audioboom Group PLC
10 February 2020
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF SUCH JURISDICTION.
THIS ANNOUNCEMENT IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO
MAKE AN OFFER UNDER RULE 2.7 OF THE CITY CODE ON TAKEOVERS AND
MERGERS (THE "CODE"). THERE CAN BE NO CERTAINTY THAT SUCH AN OFFER
WILL BE MADE, NOR AS TO THE TERMS ON WHICH ANY OFFER MIGHT BE
MADE.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the
publication of this announcement via a Regulatory Information
Service, this inside information is now considered to be in the
public domain.
Audioboom Group plc
("Audioboom", the "Group" or the "Company")
Statement re media speculation and review of strategic
options
The Board of Audioboom notes the recent media speculation and
announces that the Company has retained Raine Advisors Limited
("Raine") as its financial adviser in relation to examining
strategic options for the Company, in order to deliver maximum
value for its shareholders. Raine will provide advice and
assistance to the Company in relation to a range of corporate
options including, inter alia, strategic partnerships, financial
investment, business combinations and potentially the sale of the
Company. The Company confirms it is not in receipt of any approach
at this time. There can be no certainty that this will result in an
offer for the issued and to be issued share capital of the Company
or any form of transaction or other development for Audioboom, or
the terms and timing of such matters.
Following this announcement, the Company is now considered to be
in an "offer period" as defined in the Code, and the dealing
disclosure requirements listed below will apply. Allenby Capital
Limited is acting as financial adviser in relation to the Code.
A further announcement will be made as and when appropriate.
For further information please contact:
Enquiries
Audioboom Group plc Tel: +44(0)20 7403 6688
Mike Tobin, Chairman
Brad Clarke, Chief Financial Officer
Allenby Capital Limited (Nominated Tel: +44(0)20 3328 5656
Adviser, Rule 3 Adviser and Broker)
David Hart /Alex Brearley/Asha Chotai
Raine Advisors Limited (Financial Tel: +44(0)203 695 8600
Adviser)
Jason Schretter, Partner
Joseph Puthenveetil, Managing Director
Walbrook PR Limited (PR & IR Advisers) Tel: +44(0)20 7933 8780
Nick Rome/Tom Cooper or audioboom@walbrookpr.com
Publication on website
A copy of this announcement will be made available (subject to
certain restrictions relating to persons resident in restricted
jurisdictions) at https://audioboomplc.com/ in accordance with Rule
26.1 of the Code by no later than 12 noon (London time) on 11
February 2020. For the avoidance of doubt, the content of the
website referred to in this announcement is not incorporated into
and does not form part of this announcement.
Rule 2.9 Disclosure
In accordance with Rule 2.9 of the Code, Audioboom confirms
that, as at the date of this announcement, it has 14,006,757
ordinary shares of no par value in issue with International
Securities Identification Number JE00BJYJFG60.
Disclosure requirements of the Code
Under Rule 8.3(a) of the Code, any person who is interested in
1% or more of any class of relevant securities of an offeree
company or of any securities exchange offeror (being any offeror
other than an offeror in respect of which it has been announced
that its offer is, or is likely to be, solely in cash) must make an
Opening Position Disclosure following the commencement of the offer
period and, if later, following the announcement in which any
securities exchange offeror is first identified. An Opening
Position Disclosure must contain details of the person's interests
and short positions in, and rights to subscribe for, any relevant
securities of each of (i) the offeree company and (ii) any
securities exchange offeror(s). An Opening Position Disclosure by a
person to whom Rule 8.3(a) applies must be made by no later than
3.30 pm (London time) on the 10th business day following the
commencement of the offer period and, if appropriate, by no later
than 3.30 pm (London time) on the 10th business day following the
announcement in which any securities exchange offeror is first
identified. Relevant persons who deal in the relevant securities of
the offeree company or of a securities exchange offeror prior to
the deadline for making an Opening Position Disclosure must instead
make a Dealing Disclosure.
Under Rule 8.3(b) of the Code, any person who is, or becomes,
interested in 1% or more of any class of relevant securities of the
offeree company or of any securities exchange offeror must make a
Dealing Disclosure if the person deals in any relevant securities
of the offeree company or of any securities exchange offeror. A
Dealing Disclosure must contain details of the dealing concerned
and of the person's interests and short positions in, and rights to
subscribe for, any relevant securities of each of (i) the offeree
company and (ii) any securities exchange offeror(s), save to the
extent that these details have previously been disclosed under Rule
8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies
must be made by no later than 3.30 pm (London time) on the business
day following the date of the relevant dealing.
If two or more persons act together pursuant to an agreement or
understanding, whether formal or informal, to acquire or control an
interest in relevant securities of an offeree company or a
securities exchange offeror, they will be deemed to be a single
person for the purpose of Rule 8.3.
Opening Position Disclosures must also be made by the offeree
company and by any offeror and Dealing Disclosures must also be
made by the offeree company, by any offeror and by any persons
acting in concert with any of them (see Rules 8.1, 8.2 and
8.4).
Details of the offeree and offeror companies in respect of whose
relevant securities Opening Position Disclosures and Dealing
Disclosures must be made can be found in the Disclosure Table on
the Takeover Panel's website at www.thetakeoverpanel.org.uk,
including details of the number of relevant securities in issue,
when the offer period commenced and when any offeror was first
identified. You should contact the Takeover Panel's Market
Surveillance Unit on +44 (0)20 7638 0129 if you are in any doubt as
to whether you are required to make an Opening Position Disclosure
or a Dealing Disclosure.
Additional information
Raine Advisors Limited ("Raine") is an appointed representative
of Sapia Partners LLP, a firm which is authorised and regulated by
the Financial Conduct Authority in the United Kingdom. Raine is
acting exclusively for Audioboom and no one else in connection with
the matters set out in this announcement and will not regard any
other person as its client in relation to the matters set out in
this announcement and will not be responsible to anyone other than
Audioboom for providing the protections afforded to clients of
Raine or its affiliates, or for providing advice in relation to the
contents of this announcement or any other matter referred to
herein.
Allenby Capital Limited ("Allenby Capital"), is authorised and
regulated by the Financial Conduct Authority in the United Kingdom.
Allenby Capital is acting as financial adviser in relation to the
Code exclusively for Audioboom and no one else in connection with
the matters set out in this announcement and will not regard any
other person as its client in relation to the matters set out in
this announcement and will not be responsible to anyone other than
Audioboom for providing the protections afforded to clients of
Allenby Capital or its affiliates, or for providing advice in
relation to the contents of this announcement or any other matter
referred to herein.
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
STRUKVARRSUURAR
(END) Dow Jones Newswires
February 10, 2020 02:00 ET (07:00 GMT)
Grafico Azioni Audioboom (LSE:BOOM)
Storico
Da Feb 2024 a Mar 2024
Grafico Azioni Audioboom (LSE:BOOM)
Storico
Da Mar 2023 a Mar 2024