15 Jan 2019 12:36
15 January 2019
7digital Group plc("7digital" or the "Company")
Dismissal of Petition
Further to the earlier announcement today (the "Update on Petition"), HMRC has confirmed to the Company (AIM: 7DIG) that it has instructed its solicitors to dismiss the Petition at the forthcoming hearing.
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 (http://about.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 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.