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7digital Group PLC (7DIG)

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Thursday 30 August, 2018

7digital Group PLC

Grant of Options

RNS Number : 2027Z
7digital Group PLC
30 August 2018
 

7digital Group plc

("7digital" or "the Company")

Grant of Options

7digital (AIM:7DIG), the B2B digital music and radio services company announces that on 29th August 2018 the Company granted a total of 11,100,000 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 to vest in three equal tranches in the 12th month, 24th month and 36th. month after the date of grant, subject to each individual remaining an employee of the Company at vesting.

The following PDMRs have been granted Options:

Name

Number of Options granted

Total number of Options held after this grant

Simon Cole

4,800,000

5,576,722

Pete Downton

2,650,000

3,243,177

Paul Langworthy

2,650,000

3,200,223

Donald Cruickshank

1,000,000

1,000,000

 

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

Enquiries

 

7digital Group

020 7099 7777

Simon Cole, Chief Executive


David Holmwood, interim Chief Financial Officer

Holly Ashmore, PR Manager

 

Arden Partners (nominated adviser and broker)

Chris Hardie

Ruari McGirr

Benjamin Cryer, corporate finance

 

 

 

020 7614 8900




 

 

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

 

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, 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.

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

Pete Downton                       Deputy CEO

Paul Langworthy                   PDMR

Donald Cruickshank            Non-Executive Chairman

 

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

GB00BMH46555

b)

Nature of the transaction

Grant of Options over Ordinary Shares

c)

Price(s) and volume(s)

Simon Cole

Price(s)

Volume(s)

0p

4,800,000

 

 

Pete Downton

Price(s)

Volume(s)

0p

2,650,000

 

Paul Langworthy

Price(s)

Volume(s)

0p

2,650,000

Donald Cruickshank

Price(s)

Volume(s)

0p

1,000,000

 

 

d)

Aggregated information:

·      Aggregated volume

·      Price

See 4 (c) above

 

e)

Date of the transaction

29th August 2018

f)

Place of the transaction

Outside a trading venue

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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