AUDIOBOOM GROUP PLC — AGM Information 2019

May 21, 2019

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RNS Number : 7197Z

Audioboom Group PLC

21 May 2019

21 May 2019

Audioboom Group plc

("Audioboom" or the "Company")

Result of EGM

Audioboom Group plc (AIM: BOOM), the leading spoken word audio on-demand platform, is pleased to announce that, at its Extraordinary General Meeting held earlier today, the following resolutions were duly passed on a show of hands.

The proxy voting results for the resolutions, including resolutions 1 and 2 in connection with the Placing and Subscription, are included below:

Resolution	Votes For*	% of votes cast	Votes Against	% of votes cast	Total votes cast	% of issued share capital voted
1.   To grant authority to directors to allot the Placing and Subscription shares	531,948,243	100%	0	-	531,948,243	41.28%
2.   To disapply pre-emption rights in relation to the Placing and Subscription shares	531,948,243	100%	0	-	531,948,243	41.28%
3.   To grant authority to directors to allot up to 140,000,000 new ordinary shares, (representing approximately 10% of the Company's Enlarged Share Capital)	531,948,243	100%	0	-	531,948,243	41.28%
4.   To disapply pre-emption rights in relation to the allotment of up to 140,000,000 new ordinary shares, (representing approximately 10% of the Company's Enlarged Share Capital)	531,948,243	100%	0	-	531,948,243	41.28%

*Votes "For" include votes giving the Chairman discretion.

Admission

Application has been made for 112,000,000 new ordinary shares in the Company ("New Ordinary Shares"), which will rank pari passu with the existing ordinary shares in the Company, to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on 22 May 2019, following which the total number of ordinary shares and voting rights in the Company will be 1,400,675,619. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company pursuant to the FCA's Disclosure Guidance and Transparency Rules.

Capitalised terms used but not defined in this announcement shall have the meanings given to such terms in the announcement issued by the Company dated 30 April 2019 unless otherwise defined herein.

Enquiries

Audioboom Group plc
Rob Proctor, Chief Executive Officer	Tel: +44(0)20 7403 6688
Allenby Capital Limited (Nominated adviser and Broker)	Tel: +44(0)20 3328 5656
David Hart /Alex Brearley/Asha Chotai
Walbrook PR Limited (PR & IR Advisers)	Tel: +44(0)20 7933 8780
Paul Cornelius / Sam Allen	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 'The 45th' (US), 'Covert' (US), 'I Almost Knew That' (India), 'The Psychology Behind with Dr Linda Papadopoulos' (UK), 'Ctrl Alt Win Podcast' (India), 'Deliberations' (US), 'It's Happening with Snooki & Joey' (US), 'Mafia' (US), 'Mission To Zyxx' (US),' Night Call' (US) and 'The Russell Brand Podcast' (UK).

The platform receives over 60 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.

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