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16 Oct 2020 | 15:52

Director dealings: Audioboom chairman ups stake

(Sharecast News) - Audioboom revealed on Friday that chairman Michael Tobin had acquired 5,000 ordinary shares in the AIM-listed podcasting company. Tobin, who took over as chairman in August 2018, purchased the shares on Thursday at an average price of 196.0p each, for a total value of £9,800.

Following the purchase, Tobin holds 190,476 ordinary shares in the firm, representing approximately 1.36% of its issued share capital.

Audioboom called off its sale process on Wednesday as losses narrowed year-on-year and revenues improved in the third quarter of 2020.

The company said it had called off the formal sale process after experiencing "very encouraging growth", with revenues up 15% in the three months ended 30 September at $6.5m and its quarterly adjusted underlying loss narrowed by 59% to $400,000.

As of 1630 BST, Audioboom shares were down 8.97% at 177.50p.

Top Director Buys

Audioboom Group (BOOM) Director name: Tobin,Michael Amount purchased: 5,000 @ 196.00p Value: £9,800.00

Wood Group (john) (WG.) Director name: Watson,Robin Amount purchased: 3,220 @ 203.70p Value: £6,559.14

Silence Therapeutics (SLN) Director name: Gray,Alistair Amount purchased: 1,258 @ 396.86p Value: £4,992.50

Wood Group (john) (WG.) Director name: Kemp,David Amount purchased: 2,039 @ 203.70p Value: £4,153.44

Anglo American (AAL) Director name: Pearce,Stephen Amount purchased: 8 @ 1,964.00p Value: £157.12

Anglo American (AAL) Director name: O'Neill ,Tony Amount purchased: 8 @ 1,964.00p Value: £157.12

Anglo American (AAL) Director name: Cutifani,Mark Amount purchased: 8 @ 1,964.00p Value: £157.12

Balfour Beatty (BBY) Director name: Quinn,Leo Amount purchased: 66 @ 227.00p Value: £149.82

Royal Mail (RMG) Director name: Simpson,Stuart Amount purchased: 42 @ 235.67p Value: £98.98

Top Director Sells
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