10 Jul 2015 07:00
7digital Group plc
("7digital", "the Group" or "the Company")
Transaction in Own Shares & Director Dealing
7digital (AIM:7DIG), the digital music and radio services company, announces that on 9 July 2015, the Company transferred 158,469 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") (the "Transfers") out of treasury as follows:
- 1,803 Ordinary Shares in respect of the payment of an employee bonus;
- 75,188 Ordinary Shares to each of Imagination Technologies Limited and Dolby International AB in lieu of fees for their Non-Executive representation on the Board of 7digital;
- 4,135 Ordinary Shares owed to Anne De Kerckhove under the contractual terms of her role as Non-Executive Director of the Company; and
- 2,155 Ordinary Shares owed to Mark Foster under the contractual terms of his role as Non-Executive Director of the Company.
Following the Transfers, Anne de Kerckhove and Mark Foster's revised shareholdings in the Company are as follows:
Ordinary Shares held prior to the Transfers | Ordinary Shares acquired under the Transfers | Ordinary Shares held following the Transfers | Percentage of voting rights in the Company held following the Transfers | |
Anne De Kerckhove | 0 | 4,135 | 4,135 | 0.003% |
Mark Foster | 0 | 2,155 | 2,155 | 0.001% |
Following the Transfers, the Company will have 108,431,517 Ordinary Shares in issue. There are now 347,806 Ordinary Shares held in treasury. Therefore the total number of voting rights in 7digital is 108,083,711. 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.
Enquiries:
7digital Group | 020 7099 7777 |
Holly Ashmore, PR and Client Relations Manager | |
finnCap (nominated adviser and broker) | 020 7220 0500 |
Geoff Nash / Carl Holmes - Corporate Finance Malar Velaigam / Mia Gardner - Corporate Broking | |
Powerscourt | 020 7250 1446 |
Juliet Callaghan / Simon Compton |
About 7digital
7digital are the power behind innovative digital listening experiences. Their robust, scalable technical infrastructure and extensive global rights are used to create comprehensive music and radio services for leading consumer brands, mobile carriers, broadcasters, automotive systems, retailers, record labels, artists and agencies. Alongside proven product knowledge, 7digital offers award-winning radio production and music curation services, superior editorial strategy and content management expertise, making them a leading partner in this space.
7digital fosters industry growth and innovation by simplifying access to music for clients such as Panasonic, Onkyo, Mariposa, Guvera, OpenLIVE, ROK Mobile, 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 Samsung, BlackBerry and T-Mobile, 7digital is perfectly positioned to lead innovation at the intersection of digital music and next generation radio services.
Visit http://about.7digital.com for more information.