2 Apr 2015 07:00
7digital Group plc
("7digital", "the Group" or "the Company")
Transaction in Own Shares
7digital (AIM:7DIG), the digital music and radio services company, announces that on 1 April 2015, the Company transferred 191,921 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") out of treasury as follows:
- 12,055 Ordinary Shares to satisfy the exercise of options over Ordinary Shares by employees;
- 75,758 Ordinary Shares to Imagination Technologies Group plc and 75,758 Ordinary Shares to Dolby International AB in lieu of Non-Executive Director fees in relation to Sir Hossein Yassaie and Eric Cohen; and
- 28,350 Ordinary Shares in respect of bonuses due to senior management of which Ben Drury Chief Strategy Officer of the Company, received 1,728 Ordinary Shares, at a notional price of 16.38p;
together, (the "Transfers").
Mr Drury now holds 12,788,631 Ordinary Shares, representing approximately 11.9 per cent. of the total voting rights of the Company.
Following the Transfers, the Company will have 108,431,517 Ordinary Shares in issue. There are 828,831 Ordinary Shares held in treasury. Therefore the total number of voting rights in 7digital will be 107,602,686. 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 |
Simon Cole, Chief Executive Officer | |
Chris Dent, Chief Financial Officer |
finnCap (nominated adviser and broker) | 020 7220 0500 |
Charlotte Stranner/ Simon Hicks - Corporate Finance | |
Victoria Bates - Corporate Broking |
Powerscourt | 020 7250 1446 |
Juliet Clarke / 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, they offer award-winning radio production and music curation services, superior editorial strategy and content management expertise, making them a leading partner in this space.
7digital foster industry growth and innovation by simplifying access to music for clients such as Panasonic, Onkyo, Guvera, ROK Mobile, and The Overflow. From their 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 are perfectly positioned to lead innovation at the intersection of digital music and next generation radio services.
http://about.7digital.com/