25 Feb 2015 07:00
25 February 2015
7digital Group plc
("7digital" or "the Company")
Issue of Equity
7digital (AIM:7DIG), the digital music and radio services company, announces that it has allotted 105,177 new ordinary shares of 10 pence in the capital of the Company ("Ordinary Shares") following the exercise of options by certain employees.
Application has been made for 105,177 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur on 2 March 2015. The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares.
Following Admission, the Company will have 108,431,517 Ordinary Shares in issue. There are 1,020,752 Ordinary Shares held in treasury. Therefore the total number of voting rights in 7digital will be 107,410,765. This number may be used by shareholders as the denominator for the calculation by which they may 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.
ENDS
Enquiries:
7digital Group | 020 7099 7777
|
Simon Cole, Chief Executive | |
Chris Dent, Chief Financial Officer | |
finnCap (nominated adviser and broker) | 020 7220 0500 |
Charlotte Stranner/ Simon Hicks - Corporate Finance | |
Victoria Bates - Corporate Broking | |
Investec (joint broker) | 020 7597 5970 |
Dominic Emery | |
Junya Iwamoto | |
Powerscourt | 020 7250 1446 |
Juliet Callaghan / Simon Compton |
About 7digital
7digital aims to simplify access to the world's music and radio. Their robust, scalable digital music platform and flexible APIs are used to power comprehensive music and radio services for leading consumer brands, mobile carriers, broadcasters, automotive systems, retailers, record labels, artists and agencies. Alongside proven technology, they offer global music rights, award-winning radio production services, and content management expertise, making them a leading global partner in this space.
7digital has powered streaming and download services for global brands like Samsung, T-Mobile, HMV and BlackBerry, has partnered with media giants such as Yahoo and Sirius XM, and is the largest independent producer of radio programming for the BBC. 7digital Group is ideally placed to lead innovation at the intersection of digital music and next generation radio services.