Audioboom Group (BOOM)

Sector:

Media

Index:

FTSE AIM All-Share

245.00p
   
  • Change Today:
      12.50p
  • 52 Week High: 405.00
  • 52 Week Low: 132.50
  • Currency: UK Pounds
  • Shares Issued: 16.38m
  • Volume: 95,838
  • Market Cap: £40.12m

AAA takeover gets support from 51% of Audiobooom holders

By Michele Maatouk

Date: Friday 10 Sep 2021

LONDON (ShareCast) - (Sharecast News) - All Active Asset Capital (AAA) said on Friday that holders of 50.92% of Audioboom's share capital have said they would support a takeover of the AIM-listed podcast provider.
AAA announced in July that it had made a possible offer for Audioboom consisting of 12.5 shares and 200p per share in cash. It received irrevocable undertakings in respect of shares representing 26.43% of Audioboom's capital.

With the extra letters of intent received in support, AAA said on Friday: "The board of AAA believes this represents a strong mandate for the board of Audioboom to continue to explore the possible offer."

Audioboom rejected the offer in July, arguing that it significantly undervalued the company and urging shareholders to take no action.

Under UK takeover rules, AAA has until 1700 BST on 13 September to either announce firm intention to make an offer or walk away.

Audioboom said: "The concerns of the independent directors of Audioboom in relation to the possible offer remain extant, being the valuation of Audioboom implied by the possible offer, its structure, including the majority of consideration being in the form of unlisted ordinary shares of AAA, and the strategic rationale for such a combination."

At 1445 BST, Audioboom shares were down 3.9% at 860p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Audioboom Group Market Data

Currency UK Pounds
Share Price 245.00p
Change Today 12.50p
% Change 5.38 %
52 Week High 405.00
52 Week Low 132.50
Volume 95,838
Shares Issued 16.38m
Market Cap £40.12m

Audioboom Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
44.05% below the market average44.05% below the market average44.05% below the market average44.05% below the market average44.05% below the market average
13.64% below the sector average13.64% below the sector average13.64% below the sector average13.64% below the sector average13.64% below the sector average
Price Trend
28.34% below the market average28.34% below the market average28.34% below the market average28.34% below the market average28.34% below the market average
10.64% below the sector average10.64% below the sector average10.64% below the sector average10.64% below the sector average10.64% below the sector average
Income Not Available
Growth
42.45% above the market average42.45% above the market average42.45% above the market average42.45% above the market average42.45% above the market average
27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average

Audioboom Group Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
17:08 5,905 @ 245.00p
16:26 3,142 @ 248.80p
16:25 5,000 @ 243.50p
16:17 202 @ 243.50p
15:40 10 @ 235.00p

Audioboom Group Key Personnel

CFO Brad Clarke
CEO Stuart Last

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