LONDON (Alliance News) - 7digital Group PLC Friday said Chairman Donald Cruickshank bought 653,000 shares at a price of 6.125 pence per share on Thursday.
Following this transaction, Cruickshank is a beneficial holder of 943,000 shares, representing approximately 0.87% of the total voting rights.
7digital on Thursday said it was on track to achieve profitability by the end of 2016, with its 2015 results set to meet market expectations despite sales being broadly in line with the previous year, as it announced a contract win with streaming service eMusic.
Shares in the digital music and radio services company were up 19% at 7.30p Friday.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
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