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Pin to quick picks7digital Regulatory News (7DIG)

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7digital Group PLC - Issue of Equity

Fri, 7th Dec 2018 12:59

RNS Number : 8507J
7digital Group PLC
07 December 2018
 

7 December 2018

 

7digital Group plc

("7digital" or "the Company")

Issue of Equity

The Company announces that 679,945 new ordinary shares of 1p each in the Company ("Ordinary Shares") have been issued to the following directors of the Company in accordance with the terms of their service contracts:

 

Name

Position

Number of Ordinary Shares

Eric Cohen

Non-Executive Director

267,857

Mark Foster

Non-Executive Director

54,945

Paul McGowan

Non-Executive Director (resigned 28 September 2018)

357,143

 

Application has been made for the admission to AIM ("Admission") of 679,945 new Ordinary Shares, being the total number of shares issued.

 

The new Ordinary Shares rank pari passu with the Company's existing issued Ordinary Shares, and dealing is expected to commence on 13 December 2018.

 

Following Admission, the Company's enlarged issued share capital will be 400,236,646 Ordinary Shares. This figure of 400,236,646 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

 

For further information please contact:

 

7digital

020 7099 7777

 

Simon Cole, Chief Executive

David Holmwood, Interim Chief Financial Officer

Holly Ashmore, PR Manager

 

Arden Partners (nominated adviser and broker)

 

020 7614 5900

 

Ruari McGirr/Tom Price/Benjamin Cryer - Corporate Finance

 

About 7digital

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 MediaMarktSaturn, Onkyo and musical.ly. From years of being the largest independent producer of programming for the BBC and powering services for partners like Panasonic, TDC and Fender, 7digital is perfectly positioned to lead innovation at the intersection of digital music and next-generation radio services.

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Eric Cohen

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Non-Executive Director

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

7digital Group plc

b)

 

LEI

 

 

213800Z18A7JGS54KF43

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

 

 

Ordinary shares of 1p each

 

 

ISIN:     GB00BMH46555

 

b)

 

Nature of the transaction

 

 

Issue of Shares

c)

 

Price(s) and volume(s)

 

 

267,857 Ordinary Shares

4.55p

d)

 

Aggregated information

  

- Aggregated volume

 

 - Price

  

N/A - single transaction

e)

 

Date of the transaction

 

 

7 December 2018

f)

 

Place of the transaction

 

 

Off Market Transaction

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Mark Foster

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Non-Executive Director

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

7digital Group plc

b)

 

LEI

 

 

213800Z18A7JGS54KF43

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

 

 

Ordinary shares of 1p each

 

 

ISIN:     GB00BMH46555

 

b)

 

Nature of the transaction

 

 

Issue of Shares

c)

 

Price(s) and volume(s)

 

 

54,945 Ordinary Shares

4.55p

d)

 

Aggregated information

  

- Aggregated volume

 

 - Price

  

N/A - single transaction

e)

 

Date of the transaction

 

 

7 December 2018

f)

 

Place of the transaction

 

 

Off Market Transaction

 

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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