Correction to Director Appointment Announcement

16 March 2017

 

Audioboom Group plc

("Audioboom" or the "Company")

 

Correction to Director Appointment Announcement

  

Audioboom (AIM: BOOM) announces that, further to the announcement of 5 August 2016 in relation to the appointment of Steven Smith as a director of the Company, the announcement omitted certain information on his directorships.

 

Accordingly, the directorship information on Steven Smith included in the announcement of 5 August 2016 provided pursuant to AIM Rule 17 should have read as follows:

 

Current directorships:	Blippar.com Limited
	Warsmith Limited
	Hanzo Archives Limited
	The Nicholls Spinal Injury Foundation
	Hunscote Strategic Consultants Limited
	Hunscote Stud Limited
	Reef Securities Limited
	Amity Events Limited
	Eaton Investments Limited
	SMS Investments Limited
	Candy Ventures sarl
	Arctic Shores Limited
Previous directorships (past 5 years):	CPC Group Limited
	Candy and Candy Limited
	CPC Aviation Limited
	Omni Capital Property Finance Limited
	Omni Capital Retail Finance Limited
	Fortwell Capital Limited
	Maker Offices Limited
	Risc Management Limited
	21 Chesham Place Limited
	Manresa Developments Limited
	Project Lateral Limited

 

Steven Smith was appointed as a director of Photobition Group Plc on 1 November 1996 and resigned as a director on 12 October 2001. On 31 October 2001, an administrative receiver was appointed to Photobition Group Plc and the company was then subsequently dissolved on 15 July 2014. 

 

Steven Smith was also appointed as a director of several subsidiary companies within the Photobition Group, each of which he resigned as a director from on 12 October 2001, and each of which subsequently entered into creditors' voluntary liquidation proceedings. Further details of those directorships and proceedings are set out below:

 

Directorship	Appointment date	Appointment of liquidator for creditors' voluntary liquidation
Photobition International (No.1) Limited	27 November 1998	31 October 2001
Photobition International (No.2) Limited	27 November 1998	31 October 2001
Photobition Overseas Limited	11 February 1999	31 October 2001
Graphics Realisations (Holdings) Limited	14 June 1999	1 November 2001
Graphics Realisations (Investments) Limited	28 June 1999	31 October 2001
GLG Holdings Limited	2 October 2000	1 November 2001
Graphic Realisations (CPL) Limited	31 July 2001	2 November 2001
Warrens Holdings Limited	1 January 2001	13 November 2001
Graphics Realisations (Media) Limited	10 December 1999	20 November 2001

 

Steven Smith was also appointed as a director to two further subsidiaries of Photobition Group Plc, each of which he resigned as a director from on 12 October 2001, and each of which subsequently entered into compulsory liquidation proceedings. The details of these directorships were:

 

·     Appointed to Graphics Realisations (BS) Limited on 10 December 1999, which was subject to an administration order on 9 July 2002; and

·    Appointed to Gardiner Laminating Limited on 2 October 2000, which was subject to an order to wind-up on 7 October 2002.

 

Steven Smith was also appointed as a director of Equinox Special Project Limited on 12 December 2001 and resigned as a director on 16 September 2002. On 12 February 2003, a creditors' voluntary liquidation process commenced with the appointment of a liquidator.

 

Steven Smith was also appointed as a director of Risc Management Limited on 13 October 2005 and resigned as a director on 24 May 2013. The company entered administration on 21 January 2014 and was subject to a creditors' voluntary liquidation on 2 December 2014.  The liquidators appointed expect to make a distribution to unsecured creditors, although they are unable to confirm the amount or timing.  The liquidators are currently in receipt of claims from unsecured creditors of £511,436.

 

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
Nick Lyon / Jocelyn Spottiswoode	Tel: +44 (0)20 7796 4133

 

About Audioboom  

Audioboom is the leading spoken‐word audio platform for hosting, distributing and monetising content.

 

Audioboom works with more than 3,000 active broadcasters, content creators and podcasters around the world ‐ including Cumulus, the BBC, Associated Press, NBC Sports Radio, Undisclosed and Global ‐ hosting approximately 10,000 content channels.

 

Audioboom's hosting and distribution platform allows partners to embed, share via social channels and re‐syndicate their content. Audioboom content currently receives approximately 50m unique file requests per month, and growing.  Additionally, Audioboom works with its partners to monetise their audio via live host read, the dynamic insertion of pre and post roll audio adverts, and video ads.