Update on Strategic Review
Audioboom Group PLC announced an update on its strategic review, initiated on October 3, 2025, which may include a sale of the company. J Goodwin & Co LLP and Rockefeller Capital Management LLC have been appointed as financial advisors to explore commercial and strategic partnerships. Possible outcomes of the review include new investment for acquisitions, a substantial acquisition or reverse takeover, or a sale of either the US or UK businesses. Preliminary discussions are underway with interested parties, and proposals are being invited by the Board over the next few weeks. The Takeover Panel Executive granted a dispensation from Rule 2.4(b) of the Code, and the company entered an "offer period" on October 3, 2025.
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On 3 October 2025 and in response to media speculation, the Board of Audioboom Group PLC ("Audioboom" or the "Company") announced that it was undertaking a strategic review which may include, as a possible outcome, a sale of the Company (the "Strategic Review").
The Company has appointed J Goodwin & Co LLP and Rockefeller Capital Management LLC as its financial advisers (together, the "Advisers") to conduct the Strategic Review and engage with industry peers and media companies to explore commercial and strategic partnerships which will maximise shareholder value. The objective of the Strategic Review is to accelerate Audioboom's growth by building on its proven, scaleable and profitable business model and to capitalise on its position as global leader in podcasting.
Possible outcomes of the Strategic Review may include new investment to fund further acquisitions, a substantial acquisition or reverse takeover, a sale of either the Company's US or UK businesses or a sale of the entire issued and to be issued share capital by way of an offer under the City Code on Takeovers and Mergers (the "Code").
Following the announcement of the Strategic Review, a number of interested parties have been in contact with the Company and, accordingly, the Advisers are now engaged in preliminary discussions with them. All such discussions are at an early stage and the Company is inviting proposals to be made to the Company's Board, including from possible offerors, over the next few weeks.
Takeover Panel Dispensations
The Takeover Panel Executive has granted a dispensation from the requirement of Rule 2.4(b) of the Code such that Audioboom is not required to identify any potential offeror with which the Company is in talks, or from which an approach has been received, unless that potential offeror has been specifically identified in any rumour or speculation.
The Company entered into an "offer period" (as defined in the Code) on 3 October 2025.
Further announcements will be made in respect of the Strategic Review in due course.
Rockefeller Capital Management is the marketing name of Rockefeller Capital Management L.P. and its affiliates. Rockefeller Financial LLC (RFLLC) is a broker-dealer and investment adviser dually registered with the U.S. Securities and Exchange Commission (SEC); Member Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC). These registrations and memberships in no way imply that the SEC has endorsed the entities, products or services discussed herein. Additional information is available upon request
RFLLC does not actively market its products or services to clients or potential clients in the United Kingdom (UK) or European Union (EU).
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