18 Dec 2017 12:13
For immediate release
18 December 2017
7digital Group plc("7digital" or the "Company")
Result of General Meeting
On 1 December 2017, the Company published its shareholder circular (the "Circular") in connection with the Capital Raising.
The Capital Raising was conditional upon, amongst other things, the passing of the Resolutions at the General Meeting.
7digital is pleased to announce that the Resolutions proposed at the General Meeting held earlier today were all duly passed by Shareholders.
The Capital Raising remains conditional upon Admission.
Application has been made for the admission of the Placing Shares, the Subscription Shares and 12,500,000 Open Offer Shares to trading on AIM, which is expected to become effective and dealings commence at 8.00 a.m. on 19 December 2017.
Following Admission, the total number of Ordinary Shares in issue with voting rights will be 398,638,987 Ordinary Shares and Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
Capitalised terms used in this announcement shall have the same meanings given to them in the Circular.
For further information please contact:
7digital | 020 7099 7777 |
Simon Cole, Chief Executive | |
Matt Honey, Chief Financial Officer Holly Ashmore, PR Manager | |
Arden Partners (nominated adviser, broker and bookrunner) |
020 7614 5900 |
Chris Hardie/Ruari McGirr/Benjamin Cryer - Corporate Finance | |
Fraser Marshall - Corporate Broking | |
About 7digital (http://about.7digital.com)
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 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 Panasonic, TDC and Electric Jukebox, 7digital is perfectly positioned to lead innovation at the intersection of digital music and next-generation radio services.