29th May 2015 10:11
LONDON (Alliance News) - Audioboom Group PLC Friday said it has issued 2 million warrants to subscribe for shares in the company under an existing deal with a talent management firm.
Audioboom, which is a spoken-word audio on-demand mobile platform, said that the agreement means the talent management firm, which it did not name, will supply talent and audio content to Audioboom.
The warrants have an exercise price of 12.5 pence and are equivalent to approximately 0.4% of the company's total shares in issue, Audioboom said.
Shares in Audioboom were trading down 3.3% at 7.25p Friday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Audioboom Grp.