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Audioboom Chairman Increases Stake, Signaling Confidence in Growth

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Audioboom Chairman Increases Stake, Signaling Confidence in Growth

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Audioboom ( (GB:BOOM) ) has shared an update.

Audioboom Group PLC announced that its non-executive Chairman, Michael Tobin OBE, has purchased an additional 6,600 ordinary shares in the company, increasing his total holding to approximately 5.4% of the company’s issued share capital. This move reflects confidence in the company’s growth and could positively influence stakeholder perception, reinforcing Audioboom’s strong market position in the podcasting industry.

More about Audioboom

Audioboom is a leading global podcast company, recognized as the fourth largest podcast publisher in the US. The company provides a scalable content business through its ad-tech and monetization platform, offering commercial, distribution, marketing, and production services for a premium network of top-tier podcasts. Audioboom operates internationally with partnerships across North America, Europe, Asia, and Australia, distributing content through major platforms like Apple Podcasts, YouTube, Spotify, and more.

Average Trading Volume: 140,423

Technical Sentiment Signal: Sell

Current Market Cap: £54.25M

Find detailed analytics on BOOM stock on TipRanks’ Stock Analysis page.

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