8 Apr 2016 16:54
7digital Group plc
("7digital", "the Group" or "the Company")
Issue of Equity
Further to the announcement on 8 April 2016, 7digital confirms that, in accordance with French regulations, it is anticipated that the 7,320,000 Consideration Shares to be issued as consideration for Snowite SAS will now be admitted to trading on Tuesday, 26 April 2016.
Application has been made for the Consideration Shares to be admitted to trading on AIM. The Consideration Shares will rank pari passu with the existing shares of the Company. Following this allotment, the total issued share capital of the Company will increase to 115,751,517 ordinary shares.
The Company holds 54,944 Ordinary Shares in Treasury, which do not carry any voting rights. Therefore, the total number of Ordinary Shares carrying voting rights in 7digital is 115,696,573.
The figure of 115,696,573 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or change to their interest, in the Company under the Disclosure and Transparency Rules.
ends
Enquiries:
7digital Group | 020 7099 7777 |
Simon Cole, Chief Executive |
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Matt Honey, Interim Chief Financial Officer Holly Ashmore, PR Manager |
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finnCap (nominated adviser and broker) |
020 7220 0500 |
Geoff Nash / Carl Holmes - Corporate Finance |
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Malar Velaigam / Mia Gardner - Corporate Broking |
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Weber Shandwick (financial PR agency) Nick Oborne - Noborne@webershandwick.com Tom Jenkins - TJenkins@ webershandwick.com
About 7digital (http://about.7digital.com) |
020 7067 0000 |
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, Guvera, Global Radio and The Overflow. 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.