2 Jul 2018 07:00
2 July 2018
7digital Group plc("7digital" or the "Company")
Suspension of trading on AIM pending publication of annual accounts
7digital Group plc (AIM: 7DIG), the global leader in B2B digital music solutions announces that the Company has not been able to publish its audited annual report and accounts for the year ended 31 December 2017 (the "Accounts") by 30 June 2018 as required by Rule 19 of the AIM Rules for Companies (the "AIM Rules").
The Company is in the process of finalising what has been, because of the rapid growth of 7digital in the last 18 months a complex audit process with new auditors. The results will be announced, and the Accounts published, as soon as possible. The Board remains confident about the Company's trading as contained in the Trading Statement issued on February 9th.
Because of the delay in publishing the annual report and accounts, dealings in the Company's ordinary shares are temporarily suspended under AIM Rule 40 from 7.30 a.m. on Monday 2 July 2018 until such time as the Accounts have been duly published in compliance with AIM Rule 19.
Notwithstanding the temporary suspension of trading in the Ordinary Shares, the Company will continue to make announcements as and when there are any developments that require announcement under the AIM Rules.
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 and broker) |
020 7614 5900 |
Chris Hardie/Ruari McGirr/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 Onkyo, Global Radio 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 Electric Jukebox, 7digital is perfectly positioned to lead innovation at the intersection of digital music and next-generation radio services.