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London Stock Exchange
Share Price: 0.185
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7digital Group PLC - AGM Statement

Thu, 1st Aug 2019 07:00

RNS Number : 4661H
7digital Group PLC
01 August 2019
 

1 August 2019

 

7digital Group plc

 

("7digital" or "the Company")

AGM Statement

 

7digital Group Plc (AIM: 7DIG) announces that at today's AGM, the Company will give the following update:

"Having successfully completed the subscription announced on 7 June 2019 and with the newly constituted Board now in place, we are confident that all resolutions put forward today will be passed.

"We can confirm that our second stage financing plans are well underway, and we should be in a position to confirm the fundraising in the near term.  

"Upon completion of the fundraising, the Board believes that the Company's funding position should be secured, positioning it well to execute on our stated strategy to lead the Company to profitability."

 

 

Enquiries:

7digital

020 7099 7777

Paul Langworthy, CEO

 

Holly Ashmore, PR Manager

 

 

 

Arden Partners (nominated adviser and broker)

020 7614 5900

Ruari McGirr/Tom Price/ Benjamin Cryer - Corporate Finance

 

 

This announcement contains information which, prior to its disclosure, was deemed inside information for the purpose of the Market Abuse Regulation.

About 7digital (www.7digital.com)

7digital is the global leader in B2B end-to-end digital music solutions. The core of its business is the provision of robust and scalable technical infrastructure and extensive global music rights used to create music streaming and radio services for a diverse range of customers - including consumer brands, mobile carriers, broadcasters, automotive systems, record labels and retailers. 7digital also offers radio production and music curation services, editorial strategy and content management expertise.

 7digital fosters industry growth and innovation by simplifying access to music for clients such as Onkyo and TikTok (formerly musical.ly). From years of being the largest independent producer of programming for the BBC and powering services for partners like Global Radio and Fender, 7digital is perfectly positioned to lead innovation at the intersection of digital music and next-generation radio service

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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