Audioboom (GB:BOOM) has released an update.
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Audioboom Group PLC, a global leader in podcasting, reports that Michael Tobin OBE, its non-executive Chairman, has invested in the company by purchasing 5,000 shares at 239 pence each, increasing his stake to approximately 5% of issued share capital. This move underscores the confidence of the company’s leadership in its business model, which is supported by a robust ad-tech platform, global partnerships, and a suite of popular podcasts, including official Formula 1 content. Audioboom is recognized as the fourth largest podcast publisher in the US and operates a widespread distribution network.
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