7digital Group PLC Issue of Equity & Director/PDMR Shareholding (0848O)
August 15 2017 - 10:45AM
UK Regulatory
TIDM7DIG
RNS Number : 0848O
7digital Group PLC
15 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 257,630 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 subsequent to exercises of
options over Ordinary Shares ("Options") by employees of the
Company.
Of the Options, 155,556 were exercised by Paul Langworthy, a
person discharging managerial responsibilities ("PDMR") of the
Company. Mr Langworthy subsequently sold 155,556 Ordinary Shares at
a price of 5.75 pence per Ordinary Share to cover personal
commitments, including the income tax payable on the exercise of
his Options. Further information is set out in the PDMR disclosure
table below.
It is expected that Admission will become effective and trading
will commence in the new Ordinary Shares at 8.00 a.m. on 21 August
2017. On Admission the Company's issued share capital will comprise
183,268,928 Ordinary Shares, of which 28,336 are held in treasury.
Therefore the total number of Ordinary Shares in the Company with
voting rights will be 183,240,592. Accordingly, the figure of
183,240,592 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.
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 Paul Langworthy
--- ------------------------------- ----------------------------------------------
2. Reason for the Notification
--- -------------------------------------------------------------------------------
a) Position/status Chief Operating Officer /
PDMR
--- ------------------------------- ----------------------------------------------
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 Exercise of Options over Ordinary
transaction Shares
Sale of Ordinary Shares
--- ------------------------------- ----------------------------------------------
c) Price(s) and Exercise of Options Price(s) Volume(s)
volume(s) --------- ----------
0p 155,556
--------- ----------
Sale of Ordinary Shares Price(s) Volume(s)
--------- ----------
5.75p 155,556
--------- ----------
--- ------------------------------- ----------------------------------------------
d) Aggregated information: See 4 (c) above
* Aggregated volume
* Price
--- ------------------------------- ----------------------------------------------
e) Date of the transaction 14 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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