7digital Group PLC Issue of Equity & Director/PDMR Shareholding (8255O)
August 23 2017 - 11:59AM
UK Regulatory
TIDM7DIG
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 Number of Number of Percentage
Ordinary Ordinary Ordinary of share
Shares held Shares being Shares held capital
before issue issued on Admission 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 Ordinary shares of 1p each
the Financial ("Ordinary Shares")
instrument, type
of instrument
---
Identification GB00B0P1RP10
code
--- ------------------------------- ----------------------------------------
b) Nature of the Issue of shares in lieu of
transaction remuneration
--- ------------------------------- ----------------------------------------
c) Price(s) and Mark Foster Price(s) Volume(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: See 4 (c) above
* Aggregated volume
* Price
--- ------------------------------- ----------------------------------------
e) Date of the transaction 30 August 2017
--- ------------------------------- ----------------------------------------
f) Place of the Outside a trading venue
transaction
--- ------------------------------- ----------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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