Director dealings: Candy Ventures ups stake in Audioboom

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Sharecast News | 03 Sep, 2019

Updated : 16:49

Audioboom Group revealed on Tuesday that Nicholas Candy, a person closely associated with non-executive director Steven Smith, had acquired 25,000 ordinary shares in the AIM-listed podcast company via his holding company, Candy Ventures.

Candy, a 90% shareholder in Candy Ventures, purchased the shares on Monday at an average price of 202.50p each, for a total value of £50,625.

Following the purchase, Candy was, directly and indirectly, interested in a total of 3.65m ordinary shares, representing approximately 26.1% of the company's issued ordinary share capital.

Back in July, Audioboom reported a 171% jump in revenues for its half-year to reach $9.8m.

The AIM-traded firm also said that its adjusted EBITDA loss almost halved to $1.4m for that same timeframe, from a $2.8m loss one year before.

As of 1630 BST, Audioboom shares were down 4.02% at 201.55p.

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