7digital Group PLC Grant of Options (4565N)
August 09 2017 - 1:00AM
UK Regulatory
TIDM7DIG
RNS Number : 4565N
7digital Group PLC
09 August 2017
7digital Group plc
("7digital" or "the Company")
Grant of Options
7digital (AIM:7DIG), the B2B digital music and radio services
company announces that on 7th August 2017 the Company granted a
total of 2,480,000 options ("Options") over ordinary shares of 1
pence each ("Ordinary Shares") to certain persons discharging
managerial responsibility ("PDMRs") and employees of the Company.
The Options are nil paid and are exercisable at any time between
8(th) August 2018 and 7(th) August 2020. Half of the Options
granted to the PDMR's will be exercisable subject to meeting
certain future EBITDA performance targets.
The following PDMRs have been granted Options:
Name Number Proportion of Options Total number
of Options granted subject to of Options
granted performance criteria held after
this grant
----------------- ------------ --------------------- -------------
Simon Cole 200,000 50% 776,722
----------------- ------------ --------------------- -------------
Matt Honey 200,000 50% 400,000
----------------- ------------ --------------------- -------------
Pete Downton 200,000 50% 593,177
----------------- ------------ --------------------- -------------
Paul Langworthy 200,000 50% 550,223
----------------- ------------ --------------------- -------------
Ed Kershaw 200,000 50% 300,000
----------------- ------------ --------------------- -------------
In addition to the Options, the Company also granted Contingent
Awards over 1,100,000 Ordinary Shares under a French Qualified
Share Award Plan to a PDMR and other employees of the Company. The
French Qualified Share Award Plan grants a Contingent Award over
Ordinary Shares at nil value that vest on 8(th) August 2021. A
proportion of the Contingent Award granted to the PDMR will be
exercisable subject to meeting certain future EBITDA performance
targets.
The following PDMR has been granted a Contingent Award under the
French Qualified Share Award Plan:
Name Number Proportion of shares Total number
of shares granted under Contingent of shares
granted Award subject to performance held under
under Contingent criteria a Contingent
Award Award after
this grant
--------------- ------------------ ----------------------------- --------------
Philippe
Decottignies 500,000 20% 500,000
--------------- ------------------ ----------------------------- --------------
Further information is set out in the PDMR disclosure tables
below.
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
Weber Shandwick (financial PR
agency)
Nick Oborne - NOborne@webershandwick.com
Tom Jenkins - TJenkins@ webershandwick.com
About 7digital (http://about.7digital.com) 020 7067 0000
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.
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
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 Simon Cole CEO
Matt Honey CFO
Pete Downton COO
Paul Langworthy PDMR
Philippe Decottignies PDMR
Ed Kershaw PDMR
--- ------------------------------- --------------------------------------------
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 Options over ordinary shares
the Financial of 1p each ("Ordinary Shares")
instrument, type
of instrument
---
Identification GB00B0P1RP10
code
--- ------------------------------- --------------------------------------------
b) Nature of the Issue of Options/Contingent
transaction Share Awards over Ordinary
Shares
--- ------------------------------- --------------------------------------------
c) Price(s) and Simon Cole Price(s) Volume(s)
volume(s) --------- ----------
0p 200,000
--------- ----------
Matt Honey Price(s) Volume(s)
--------- ----------
0p 200,000
--------- ----------
Pete Downton Price(s) Volume(s)
--------- ----------
0p 200,000
--------- ----------
Paul Langworthy Price(s) Volume(s)
--------- ----------
0p 200,000
--------- ----------
Philippe Decottignies Price(s) Volume(s)
--------- ----------
0p 500,000
--------- ----------
Ed Kershaw Price(s) Volume(s)
--------- ----------
0p 200,000
--------- ----------
--- ------------------------------- --------------------------------------------
d) Aggregated information: See 4 (c) above
* Aggregated volume
* Price
--- ------------------------------- --------------------------------------------
e) Date of the transaction 7th 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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