Nick Candy splashes out on £539,000 worth of shares to raises stake in Audioboom

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Candy, a non-executive director of Audioboom who made his name building luxury flats, snapped up 9.17 million shares at 5.88p each yesterday, according to Stock Exchange disclosures.

He now owns 24.82 million — 4.66% of the firm.

Described as “YouTube for audio”, it has 3.6 million users, adding 200,000 after signing up Brand.

It was created through a reverse takeover of Audioboo by One Delta last May and is listed on the London Stock Exchange’s junior market AIM.

In March, it hit a record for downloads of its app, helped by the launch of its Android app, and added 150 content partners.

 

It now has tie-ups with the BBC, talkSport, Guardian and Absolute Radio.

Today shares in the company rose 1.25p to 8.375p.

Source Article from http://www.standard.co.uk/business/business-news/nick-candy-splashes-out-on-539000-worth-of-shares-to-raises-stake-in-audioboom-10247295.html

May 13, 2015 |
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