20 July 2021 - potential acquisition and trading update

The AIM-listed company has revealed that it has received an unsolicited bid from the investment group All Active Asset Capital Limited (AAA) which is supposed to value the shares at £12 each.  The terms of the potential offer are 12.5 new shares in AAA plus 200p in cash.  Given the fact that shares in AAA have been suspended since April, when they were 53.5p, it is not surprising that this has been dismissed by Audioboom.  AAA wants to issue new shares at 80p and has numerous conditions relating to . . .

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