Strategic investment discussions update

 

 

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