30 Aug 2018 07:00
7digital Group plc
("7digital" or "the Company")
Grant of Options
7digital (AIM:7DIG), the B2B digital music and radio services company announces that on 29th August 2018 the Company granted a total of 11,100,000 options ("Options") over ordinary shares of 1 pence each ("Ordinary Shares") to certain persons discharging managerial responsibility ("PDMRs") and employees of the Company. The Options are nil paid and are to vest in three equal tranches in the 12th month, 24th month and 36th. month after the date of grant, subject to each individual remaining an employee of the Company at vesting.
The following PDMRs have been granted Options:
Name | Number of Options granted | Total number of Options held after this grant |
Simon Cole | 4,800,000 | 5,576,722 |
Pete Downton | 2,650,000 | 3,243,177 |
Paul Langworthy | 2,650,000 | 3,200,223 |
Donald Cruickshank | 1,000,000 | 1,000,000 |
Further information is set out in the PDMR disclosure tables below.
Enquiries
7digital Group | 020 7099 7777 |
Simon Cole, Chief Executive | |
David Holmwood, interim Chief Financial Officer Holly Ashmore, PR Manager
Arden Partners (nominated adviser and broker) Chris Hardie Ruari McGirr Benjamin Cryer, corporate finance |
020 7614 8900 |
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About 7digital (http://about.7digital.com) |
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7digital is the global leader in 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, Global Radio 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 electric jukebox, 7digital is perfectly positioned to lead innovation at the intersection of digital music and next-generation radio services.
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
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 CEO Pete Downton Deputy CEO Paul Langworthy PDMR Donald Cruickshank Non-Executive Chairman
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2. | Reason for the Notification | |||||||||||||||||
a) | Position/status | See 1(a) above - all classified as PDMRs of the Company | ||||||||||||||||
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 | Options over ordinary shares of 1p each ("Ordinary Shares") | ||||||||||||||||
Identification code | GB00BMH46555 | |||||||||||||||||
b) | Nature of the transaction | Grant of Options over Ordinary Shares | ||||||||||||||||
c) | Price(s) and volume(s) | Simon Cole
Pete Downton
Paul Langworthy
Donald Cruickshank
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d) | Aggregated information: · Aggregated volume · Price | See 4 (c) above
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e) | Date of the transaction | 29th August 2018 | ||||||||||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||||||||||