Information  X 
Enter a valid email address

7digital Group PLC (7DIG)

  Print      Mail a friend

Monday 05 March, 2018

7digital Group PLC

Issue of Equity & Director/PDMR Shareholding

RNS Number : 7465G
7digital Group PLC
05 March 2018
 

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 917,714 ordinary shares of 1 pence each in the Company ("Ordinary Shares") to be admitted to trading on AIM ("Admission").  

 

The Ordinary shares to be issued relate to;

 

135,333 new Ordinary Shares are being issued subsequent to exercises of options over Ordinary Shares ("Options") by employees of the Company.

 

400,000 new Ordinary Shares are being issued to employees as part of a settlement related to re-structuring.

 

382,381 new Ordinary Shares are being issued to the following Non-Executive Directors, as part of their contracted remuneration;

 

Name

Number of Ordinary Shares held before issue

Number of Ordinary Shares to be issued

Number of Ordinary Shares held on Admission

Percentage of share capital held on Admission

Mark Foster

500,617

32,381

532,998

0.13%

Anne De Kerckhove

134,557

26,190

160,747

0.04%

Paul McGowan

4,686,097

161,905

4,848,002

1.21%

Eric Cohen

1,208,489

161,905

1,370,394

0.34%

 

It is expected that Admission will become effective and trading will commence in the new Ordinary Shares at 8.00 a.m. on 9th March 2018. On Admission the Company's issued share capital will comprise 399,556,701 Ordinary Shares. No

shares will be held in treasury. Therefore the total number of Ordinary Shares in the Company with voting rights will be 399,556,701. Accordingly, the figure of 399,556,701 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




 

Arden (nominated adviser and broker)

 

020 7614 5900

 

Chris Hardie/Ruari McGirr/Benjamin Cryer - Corporate Finance


Fraser Marshall - Corporate Broking




 

 

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

 

 

7digital is the global leader in B2B 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.

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 PDMR's 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

GB00BMH46555

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

32,381

Anne de Kerckhove

Price(s)

Volume(s)

0p

26,190

Paul McGowan

Price(s)

Volume(s)

0p

161,905

Eric Cohen

Price(s)

Volume(s)

0p

161,905

d)

Aggregated information:

·      Aggregated volume

·      Price

See 4 (c) above

 

e)

Date of the transaction

5th March 2018

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
 
 
IOEFKPDNABKDDNK

a d v e r t i s e m e n t