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7digital Group PLC (7DIG)

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Wednesday 23 August, 2017

7digital Group PLC

Issue of Equity & Director/PDMR Shareholding

RNS Number : 8255O
7digital Group PLC
23 August 2017
 

7digital Group plc

("7digital" or "the Company")

Issue of Equity

Director/PDMR Shareholding

7digital (AIM:7DIG), the B2B digital music and radio services company, announces that it has applied to the London Stock Exchange for 1,105,219 ordinary shares of 1 pence each in the Company ("Ordinary Shares") to be admitted to trading on AIM ("Admission"). The new Ordinary Shares are being issued to Non-Executive Directors of the Company in lieu of remuneration.

Ordinary Shares are being issued to the following Non-Executive Directors:

Name

Number of Ordinary Shares held before issue

Number of Ordinary Shares being issued

Number of Ordinary Shares held on Admission

Percentage of share capital held on Admission

Mark Foster

171,090

79,527

250,617

0.1%

Anne de Kerckhove

23,433

111,124

134,557

0.1%

Paul McGowan*

1,788,462

397,635

2,186,097

1.2%

Eric Cohen

316,556

516,933

833,489

0.5%

 

*Paul McGowan is also the Executive Chairman of Hilco UK that indirectly holds 21,977,066 Ordinary Shares representing approximately 11.9% of the share capital on Admission.

 

It is expected that Admission will become effective and trading will commence in the new Ordinary Shares at 8.00 a.m. on 30 August 2017. On Admission the Company's issued share capital will comprise 184,374,147 Ordinary Shares, of which 28,336 Ordinary Shares are held in treasury. Therefore the total number of Ordinary Shares in the Company with voting rights will be 184,345,811. Accordingly, the figure of 184,345,811 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

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




 

 

 

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, 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.



 

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

Mark Foster                           Non-Executive Director

Anne de Kerckhove                              Non-Executive Director

Paul McGowan                     Non-Executive Director

Eric Cohen                             Non-Executive Director

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

Ordinary shares of 1p each ("Ordinary Shares")

Identification code

GB00B0P1RP10

b)

Nature of the transaction

Issue of shares in lieu of remuneration

c)

Price(s) and volume(s)

Mark Foster

Price(s)

Volume(s)

0p

79,527

 

Anne de Kerckhove

Price(s)

Volume(s)

0p

111,124

 

Paul McGowan

Price(s)

Volume(s)

0p

397,635

 

Eric Cohen

Price(s)

Volume(s)

0p

516,933

d)

Aggregated information:

·      Aggregated volume

·      Price

See 4 (c) above

 

e)

Date of the transaction

30 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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