Company Announcements

Directorate Changes

Source: RNS
RNS Number : 3310G
Audioboom Group PLC
05 August 2016
 

For release at 07.00am

5 August 2016

 

AUDIOBOOM GROUP PLC

("Audioboom" or the "Company")

 

DIRECTORATE CHANGES

 

Audioboom (AIM: BOOM), the leading spoken word audio on-demand platform, announces that David McDonagh, who joined Audioboom as Chief Financial Officer in May 2015, has been appointed to the Board as an executive director with effect from 4 August 2016.

 

Non-executive directors, Michael Cooper and Nick Candy have resigned from the Board with effect from 4 August 2016 to focus on other commitments and opportunities.  Nick Candy remains a significant and committed shareholder in the business.

 

Steven Smith also joins the Board as a non-executive director with effect from 4 August 2016.  Steven qualified as a Chartered Accountant at BDO and subsequently as a Chartered Tax Adviser whilst at KPMG. He has held a number of senior financial positions at large public and private businesses.

 

Malcolm Wall, Chairman of Audioboom, said: 

 

"On behalf of the Company, I am delighted to welcome both David and Steven to the Board.  David has already had a significant positive impact on the business since his appointment as CFO last May and we look forward to his contribution to the business as it continues to grow.  Steven has been a close adviser to the Candy Brothers for 15 years and currently runs one of their private investment funds.  He has a strong understanding of Audioboom, having acted as an alternate director for Nick Candy on a number of occasions, and is already well known to the Board. 

 

"Mike and Nick have been big supporters of the Company, providing valuable contributions to the Board since their respective appointments and my colleagues and I would like to extend our sincere thanks for their considerable efforts."

 

The following additional information on David McDonagh and Steven Smith is provided pursuant to AIM Rule 17:

 

Full name and age:

David Adam McDonagh (49)

 

 

Current directorships: 

AudioBoom Limited

 

AudioBoom India Private Limited

 

DMCD Limited

 

Exsis EDA Systems Limited

 

Moow Limited                 

 

Previous directorships (past 5 years):

16 St James' Square Bath Limited

 

Hermvale Limited

 

Christian Adam Limited

 

22 St James' Square Bath (Management) Limited

 

 

Full name and age:

Steven Miles Smith (57)

 

 

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

 

 

Previous directorships (past 5 years):

CPC Group Limited

 

Candy and Candy Limited

 

CPC Aviation Limited

 

Omni Capital Property Finance Limited

 

Omni Capital Retail Finance Limited

 

Fontwell Capital Limited

 

Maker Offices Limited

 

Risc Management Limited

 

21 Chesham Place Limited

 

Save for the above, there is no further information that is required to be disclosed in accordance with paragraph (g) of Schedule 2 of the AIM Rules for Companies with respect to the appointments of David McDonagh and Steven Smith.

 

The information communicated in this announcement contains inside information.

 

Enquiries:

 

Audioboom Group plc

 

Rob Proctor, Chief Executive Officer

Tel: +44 (0)20 7403 6688

David McDonagh, Chief Financial Officer

 

 

 

Liberum (NOMAD and Broker)

Tel: +44 (0)20 3100 2000

Neil Patel / Richard Bootle

 

 

 

Hudson Sandler

 

Cat Valentine / Katie Cohen

Tel: +44 (0)20 7796 4133

 

 

 

About Audioboom (www.audioboomplc.com)

Audioboom is the leading spoken‐word audio platform for hosting, distributing and monetising content.

 

Audioboom works with more than 2,500 active broadcasters, content creators and podcasters around the world ‐ including Cumulus, the BBC, the Telegraph, the Premier League, Associated Press, The Sun, NBC Sports Radio, Undisclosed, Global and Bauer ‐ hosting over 8,500 content channels.

 

Audioboom's hosting and distribution platform allows partners to embed, share via social channels and re‐syndicate their content. Audioboom content receives approximately 50m listens per month, and growing.  Additionally, Audioboom works with its partners to monetise their audio via live in‐reads, 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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