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:
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Audioboom Group plc |
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Rob Proctor, Chief Executive Officer |
Tel: +44 (0)20 7403 6688 |
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David McDonagh, Chief Financial Officer |
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Liberum (NOMAD and Broker) |
Tel: +44 (0)20 3100 2222 |
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Neil Patel / Richard Bootle |
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Hudson Sandler |
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Cat Valentine |
Tel: +44 (0)20 7796 4133 |
This information is provided by RNS