Audioboom Group PLC Correction to Director Appointment Announcement (6156Z)

TIDMBOOM

RNS Number : 6156Z

Audioboom Group PLC

16 March 2017

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   CPC Group Limited 
  (past 5 years): 
                          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   27 November 1998   31 October 2001 
  (No.1) Limited 
 Photobition International   27 November 1998   31 October 2001 
  (No.2) Limited 
 Photobition Overseas        11 February 1999   31 October 2001 
  Limited 
 Graphics Realisations       14 June 1999       1 November 2001 
  (Holdings) Limited 
 Graphics Realisations       28 June 1999       31 October 2001 
  (Investments) 
  Limited 
 GLG Holdings                2 October 2000     1 November 2001 
  Limited 
 Graphic Realisations        31 July 2001       2 November 2001 
  (CPL) Limited 
 Warrens Holdings            1 January 2001     13 November 
  Limited                                        2001 
 Graphics Realisations       10 December 1999   20 November 
  (Media) Limited                                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 GBP511,436.

Enquiries:

 
Audioboom Group plc 
Rob Proctor, Chief Executive      Tel: [phone] 
 Officer 
David McDonagh, Chief 
 Financial Officer 
 
Liberum (NOMAD and Broker)        Tel: [phone] 
Neil Patel / Richard Bootle 
 
Hudson Sandler 
Nick Lyon / Jocelyn Spottiswoode  Tel: [phone] 
 

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.

This information is provided by RNS

The company news service from the London Stock Exchange

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March 16, 2017 03:00 ET (07:00 GMT)