26 Sep 2016 07:00
7digital Group plc
("7digital", "the Group" or "the Company")
Director/PDMR Shareholdings
7digital (AIM:7DIG), the B2B digital music and radio services company, announces that it has been notified that the following executive directors of the Company have, on 23nd September 2016, purchased a further 285,252 ordinary shares of 10 pence ("Ordinary Shares") in the capital of the Company at a price of 5.015 pence per Ordinary Share. The additional shares were acquired pursuant to the Directors and Institutions being significantly scaled back in a placing of stock that was announced on 22 September, due to excess demand.
Following the Purchase, Simon Cole is beneficially interested in 2,481,046 Ordinary Shares, representing approximately 2.14% of the Company's issued share capital.
Following the Purchase, Matt Honey is beneficially interested in 200,000 Ordinary Shares, representing approximately 0.17% of the Company's issued share capital.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1. | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Simon Cole | Matt Honey | ||
2. | Reason for the Notification | ||||
a) | Position/status | Chief Executive | Chief Financial Officer | ||
b) | Initial notification/ Amendment | Initial notification | Initial notification | ||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | 7digital Group plc | 7digital Group plc | ||
b) | LEI | n/a | n/a | ||
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 | Ordinary shares of 10p | Ordinary shares of 10p | ||
Identification code | GB00BMH46555
| GB00BMH46555
| |||
b) | Nature of the transaction | Purchase of ordinary shares | Purchase of ordinary shares | ||
c) | Price(s) and volume(s) | Price | Volume | Price | Volume |
5.015p | 142,127 | 5.015p | 143,125 | ||
d) | Aggregated information: · Aggregated volume · Price | 142,127 ordinary shares of 10 pence purchased at 5.015 pence per ordinary share | 143,125 ordinary shares of 10 pence purchased at 5.015 pence per ordinary share | ||
e) | Date of the transaction | 23 September 2016 | 23 September 2016 | ||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | London Stock Exchange, AIM Market (XLON) | ||
Enquiries | |
7digital Group | 020 7099 7777 |
Simon Cole, Chief Executive Officer | |
Matt Honey, Chief Financial Officer | |
Holly Ashmore, PR Manager | |
finnCap (nominated adviser and broker) | 020 7220 0500 |
Geoff Nash/ Carl Holmes/ Simon Hicks - Corporate Finance | |
Malar Velaigam /Mia Gardner - Corporate Broking | |
Weber Shandwick (financial PR agency) | 020 7067 0000 |
Nick Oborne - NOborne@webershandwick.com | |
Tom Jenkins - TJenkins@ webershandwick.com | |
| |
About 7digital (http://about.7digital.com) |
7digital is a B2B digital music and radio services company. 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, Fnac, Musical.ly, Global Radio and E.Leclerc. From years of being the largest independent producer of programming for the BBC, launching Radioplayer in multiple territories, and powering services for partners like HMV, Panasonic and ROK Mobile, 7digital is perfectly positioned to lead innovation at the intersection of digital music and next-generation radio services.