7digital Group PLC Appointment of Nominated Adviser (5528J)
April 27 2022 - 7:00AM
UK Regulatory
TIDM7DIG
RNS Number : 5528J
7digital Group PLC
27 April 2022
27 April 2022
7digital Group plc
("7digital" or "the Company")
Appointment of Financial and Nominated Adviser
7digital (AIM: 7DIG), the global leader in B2B end-to-end
digital music solutions, is pleased to announce the appointment of
Strand Hanson Limited as its Financial and Nominated Adviser with
immediate effect. Arden Partners plc will continue to act as Broker
to the Company.
Further to the announcements by Arden Partners plc on 11 and 14
April 2022 regarding the loss of its nominated adviser status upon
the completion of its recommended takeover, the Company has
appointed Strand Hanson Limited as its nominated adviser. Given the
timing of the completion of the recommended takeover of Arden
Partners plc, the London Stock Exchange plc has agreed that subject
to initial due diligence being undertaken, Strand Hanson Limited
has until 5pm on 27 July 2022 to complete its full due
diligence.
There can be no guarantee on the outcome of the full due
diligence and its impact on Strand Hanson Limited's decision to
continue to act as nominated adviser. Accordingly, in such
circumstances there is a risk that if Strand Hanson Limited does
not continue to act as nominated adviser following completion of
its full due diligence and the Company has not found an alternative
nominated adviser, the Company's AIM securities may be suspended
pursuant to AIM Rule 1. If within one month of that suspension, the
Company has failed to appoint a replacement nominated adviser, the
admission of its AIM securities will be cancelled.
Notwithstanding the extension of time provided in respect of
completing full due diligence obligations at engagement, Strand
Hanson Limited will continue to be subject to all the ongoing
nominated adviser responsibilities under the AIM Rules for
Nominated Advisers.
For further information please contact:
7digital Group plc
Paul Langworthy c/o +44 20 7618
9100
Strand Hanson Limited (Nominated and Financial
Adviser)
+ 44 (0) 20 7409
James Harris, James Bellman 3494
Arden Partners plc (Broker)
+44 (0) 20 7614
Richard Johnson 5900
Luther Pendragon (Financial PR)
+44 (0) 20 7618
Harry Chathli, Claire Norbury 9100
7digitalIR@luther.co.uk
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END
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