23 Aug 2017 16:59
7digital Group plc
("7digital" or "the Company")
Issue of Equity
Director/PDMR Shareholding
7digital (AIM:7DIG), the B2B digital music and radio services company, announces that it has applied to the London Stock Exchange for 1,105,219 ordinary shares of 1 pence each in the Company ("Ordinary Shares") to be admitted to trading on AIM ("Admission"). The new Ordinary Shares are being issued to Non-Executive Directors of the Company in lieu of remuneration.
Ordinary Shares are being issued to the following Non-Executive Directors:
Name | Number of Ordinary Shares held before issue | Number of Ordinary Shares being issued | Number of Ordinary Shares held on Admission | Percentage of share capital held on Admission |
Mark Foster | 171,090 | 79,527 | 250,617 | 0.1% |
Anne de Kerckhove | 23,433 | 111,124 | 134,557 | 0.1% |
Paul McGowan* | 1,788,462 | 397,635 | 2,186,097 | 1.2% |
Eric Cohen | 316,556 | 516,933 | 833,489 | 0.5% |
*Paul McGowan is also the Executive Chairman of Hilco UK that indirectly holds 21,977,066 Ordinary Shares representing approximately 11.9% of the share capital on Admission.
It is expected that Admission will become effective and trading will commence in the new Ordinary Shares at 8.00 a.m. on 30 August 2017. On Admission the Company's issued share capital will comprise 184,374,147 Ordinary Shares, of which 28,336 Ordinary Shares are held in treasury. Therefore the total number of Ordinary Shares in the Company with voting rights will be 184,345,811. Accordingly, the figure of 184,345,811 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 to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
Enquiries
7digital Group | 020 7099 7777 |
Simon Cole, Chief Executive | |
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 | |
Mia Gardner - Corporate Broking | |
About 7digital (http://about.7digital.com) |
|
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, launching Radioplayer in multiple territories, and powering services for partners like HMV, Electric Jukebox and Panasonic, 7digital is perfectly positioned to lead innovation at the intersection of digital music and next-generation radio services.
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 | Mark Foster Non-Executive Director Anne de Kerckhove Non-Executive Director Paul McGowan Non-Executive Director Eric Cohen Non-Executive Director | ||||||||||||||||
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 | Ordinary shares of 1p each ("Ordinary Shares") | ||||||||||||||||
Identification code | GB00B0P1RP10 | |||||||||||||||||
b) | Nature of the transaction | Issue of shares in lieu of remuneration | ||||||||||||||||
c) | Price(s) and volume(s) | Mark Foster
Anne de Kerckhove
Paul McGowan
Eric Cohen
| ||||||||||||||||
d) | Aggregated information: · Aggregated volume · Price | See 4 (c) above
| ||||||||||||||||
e) | Date of the transaction | 30 August 2017 | ||||||||||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||||||||||