All Active Asset Capital To Withdraw Possible Offer For Audioboom - Quick Facts

The Board of All Active Asset Capital Limited has decided to withdraw its possible offer for Audioboom Group plc. AAA said none of the benefits of the offer were mentioned by Audioboom in its announcement of 10 September. This raises concerns around key corporate governance matters at Audioboom, AAA said. AAA also noted that the Group reserves its right to bid for Audioboom again.

On 19 July 2021, AAA announced a possible offer for Audioboom. On 10 September 2021, AAA said it had received irrevocable undertakings and letters of intent from Audioboom shareholders holding 50.92% of its voting share capital.

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