30th Jul 2015 09:54
LONDON (Alliance News) - Audio on-demand platform operator Audioboom Group PLC on Thursday said it has issued 20 million warrants in the company to US radio company Cumulus Media Holdings Inc.
The warrants have been issued to Cumulus as part of the advertising revenue-sharing agreement between the two companies.
The warrants have an exercise price of 12.5 pence per share and can be exercised at any time between September 30, 2016 and September 30, 2019.
Audioboom shares were up 6.5% to 4.93 pence on Thursday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
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