AUDIOBOOM GROUP PLC — M&A Activity 2016

Oct 3, 2016

National Storage Mechanism | Additional information

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RNS Number : 4521L

Audioboom Group PLC

03 October 2016

3 October 2016

Audioboom Group plc

(the "Company")

Strategic investment discussions update

On 5 August 2016, the Company announced that it was in discussions with a Chinese fund for a strategic investment of up to US$8 million and expected a formal agreement to be entered into by the end of September 2016.  The Company wishes to advise that whilst a formal agreement with the Chinese fund has not yet been reached in the timeframe originally envisaged, discussions remain active. The Company will provide a further update in due course.

Enquiries:

Audioboom Group plc
Rob Proctor, Chief Executive Officer	Tel: +44 (0)20 7403 6688
David McDonagh, Chief Financial Officer
Liberum (NOMAD and Broker)	Tel: +44 (0)20 3100 2222
Neil Patel / Richard Bootle
Hudson Sandler
Cat Valentine	Tel: +44 (0)20 7796 4133

This information is provided by RNS

The company news service from the London Stock Exchange

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