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7digital Group PLC (7DIG)

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Friday 08 April, 2016

7digital Group PLC

Issue of Equity

RNS Number : 7006U
7digital Group PLC
08 April 2016
 

7digital Group plc

("7digital", "the Group" or "the Company")

Issue of Equity

 

Further to the announcement on 8 April 2016, 7digital confirms that, in accordance with French regulations, it is anticipated that the 7,320,000 Consideration Shares to be issued as consideration for Snowite SAS will now be admitted to trading on Tuesday, 26 April 2016.

 

Application has been made for the Consideration Shares to be admitted to trading on AIM. The Consideration Shares will rank pari passu with the existing shares of the Company. Following this allotment, the total issued share capital of the Company will increase to 115,751,517 ordinary shares.

 

The Company holds 54,944 Ordinary Shares in Treasury, which do not carry any voting rights. Therefore, the total number of Ordinary Shares carrying voting rights in 7digital is 115,696,573.

 

The figure of 115,696,573 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or change to their interest, in the Company under the Disclosure and Transparency Rules.

 

 

 ends

 

Enquiries:

7digital Group

020 7099 7777

Simon Cole, Chief Executive

 

Matt Honey, Interim Chief Financial Officer

Holly Ashmore, PR Manager

 

 

 

 

finnCap (nominated adviser and broker)

 

020 7220 0500

Geoff Nash / Carl Holmes - Corporate Finance

 

Malar Velaigam / 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 a b2b digital music and radio services company. 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, Guvera, Global Radio and The Overflow. 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, Panasonic and ROK Mobile, 7digital is perfectly positioned to lead innovation at the intersection of digital music and next-generation radio services.


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