7 Dec 2018 12:59
7 December 2018
7digital Group plc
("7digital" or "the Company")
Issue of Equity
The Company announces that 679,945 new ordinary shares of 1p each in the Company ("Ordinary Shares") have been issued to the following directors of the Company in accordance with the terms of their service contracts:
Name | Position | Number of Ordinary Shares |
Eric Cohen | Non-Executive Director | 267,857 |
Mark Foster | Non-Executive Director | 54,945 |
Paul McGowan | Non-Executive Director (resigned 28 September 2018) | 357,143 |
Application has been made for the admission to AIM ("Admission") of 679,945 new Ordinary Shares, being the total number of shares issued.
The new Ordinary Shares rank pari passu with the Company's existing issued Ordinary Shares, and dealing is expected to commence on 13 December 2018.
Following Admission, the Company's enlarged issued share capital will be 400,236,646 Ordinary Shares. This figure of 400,236,646 Ordinary Shares 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 in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
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
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.
1
| Details of the person discharging managerial responsibilities / person closely associated
| |
a)
| Name
| Eric Cohen |
2
| Reason for the notification
| |
a)
| Position/status
| Non-Executive Director |
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
Identification code
|
Ordinary shares of 1p each
ISIN: GB00BMH46555
|
b)
| Nature of the transaction
| Issue of Shares |
c)
| Price(s) and volume(s)
| 267,857 Ordinary Shares 4.55p |
d)
| Aggregated information
- Aggregated volume
- Price
| N/A - single transaction |
e)
| Date of the transaction
| 7 December 2018 |
f)
| Place of the transaction
| Off Market Transaction |
1
| Details of the person discharging managerial responsibilities / person closely associated
| |
a)
| Name
| Mark Foster |
2
| Reason for the notification
| |
a)
| Position/status
| Non-Executive Director |
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
Identification code
|
Ordinary shares of 1p each
ISIN: GB00BMH46555
|
b)
| Nature of the transaction
| Issue of Shares |
c)
| Price(s) and volume(s)
| 54,945 Ordinary Shares 4.55p |
d)
| Aggregated information
- Aggregated volume
- Price
| N/A - single transaction |
e)
| Date of the transaction
| 7 December 2018 |
f)
| Place of the transaction
| Off Market Transaction |