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7digital Group PLC (7DIG)

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Wednesday 09 August, 2017

7digital Group PLC

Grant of Options

RNS Number : 4565N
7digital Group PLC
09 August 2017
 

7digital Group plc

("7digital" or "the Company")

Grant of Options

7digital (AIM:7DIG), the B2B digital music and radio services company announces that on 7th August 2017 the Company granted a total of 2,480,000 options ("Options") over ordinary shares of 1 pence each ("Ordinary Shares") to certain persons discharging managerial responsibility ("PDMRs") and employees of the Company. The Options are nil paid and are exercisable at any time between 8th August 2018 and 7th August 2020. Half of the Options granted to the PDMR's will be exercisable subject to meeting certain future EBITDA performance targets.

The following PDMRs have been granted Options:

Name

Number of Options granted

Proportion of Options granted subject to performance criteria

Total number of Options held after this grant

Simon Cole

200,000

50%

776,722

Matt Honey

200,000

50%

400,000

Pete Downton

200,000

50%

593,177

Paul Langworthy

200,000

50%

550,223

Ed Kershaw

200,000

50%

300,000

 

In addition to the Options, the Company also granted Contingent Awards over 1,100,000 Ordinary Shares under a French Qualified Share Award Plan to a PDMR and other employees of the Company. The French Qualified Share Award Plan grants a Contingent Award over Ordinary Shares at nil value that vest on 8th August 2021. A proportion of the Contingent Award granted to the PDMR will be exercisable subject to meeting certain future EBITDA performance targets.

The following PDMR has been granted a Contingent Award under the French Qualified Share Award Plan:

Name

Number of shares granted under Contingent Award

Proportion of shares granted under Contingent Award subject to performance criteria

Total number of shares held under a Contingent Award after this grant

Philippe Decottignies

500,000

20%

500,000

 

Further information is set out in the PDMR disclosure tables below.

Enquiries

 

7digital Group

020 7099 7777

Simon Cole, Chief Executive


Matt Honey, Chief Financial Officer

Holly Ashmore, PR Manager




 

finnCap (nominated adviser and broker)

 

020 7220 0500

Geoff Nash / Carl Holmes / Simon Hicks - Corporate Finance


Mia Gardner - Corporate Broking




 

Weber Shandwick (financial PR agency)

Nick Oborne - [email protected]

Tom Jenkins - [email protected] webershandwick.com

 

 

About 7digital (http://about.7digital.com)

 

020 7067 0000

7digital is the global leader in 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 HMV, Electric Jukebox and Panasonic, 7digital is perfectly positioned to lead innovation at the intersection of digital music and next-generation radio services.

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.



 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

1.            

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Simon Cole                            CEO

Matt Honey                           CFO

Pete Downton                       COO

Paul Langworthy                   PDMR

Philippe Decottignies         PDMR

Ed Kershaw                           PDMR

2.            

Reason for the Notification

a)

Position/status

See 1(a) above - all classified as PDMRs of the Company

b)

Initial notification/Amendment

Initial notification

3.    

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

7digital Group plc

b)

LEI

213800Z18A7JGS54KF43

4.    

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

Options over ordinary shares of 1p each ("Ordinary Shares")

Identification code

GB00B0P1RP10

b)

Nature of the transaction

Issue of Options/Contingent Share Awards over Ordinary Shares

c)

Price(s) and volume(s)

Simon Cole

Price(s)

Volume(s)

0p

200,000

 

Matt Honey

Price(s)

Volume(s)

0p

200,000

 

Pete Downton

Price(s)

Volume(s)

0p

200,000

 

Paul Langworthy

Price(s)

Volume(s)

0p

200,000

 

Philippe Decottignies

Price(s)

Volume(s)

0p

500,000

 

Ed Kershaw

Price(s)

Volume(s)

0p

200,000

d)

Aggregated information:

·      Aggregated volume

·      Price

See 4 (c) above

 

e)

Date of the transaction

7th August 2017

f)

Place of the transaction

Outside a trading venue

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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