7digital Group PLC Director/PDMR Shareholding (7525K)
26 September 2016 - 4:01PM
UK Regulatory
TIDM7DIG
RNS Number : 7525K
7digital Group PLC
26 September 2016
7digital Group plc
("7digital", "the Group" or "the Company")
Director/PDMR Shareholdings
7digital (AIM:7DIG), the B2B digital music and radio services
company, announces that it has been notified that the following
executive directors of the Company have, on 23nd September 2016,
purchased a further 285,252 ordinary shares of 10 pence ("Ordinary
Shares") in the capital of the Company at a price of 5.015 pence
per Ordinary Share. The additional shares were acquired pursuant to
the Directors and Institutions being significantly scaled back in a
placing of stock that was announced on 22 September, due to excess
demand.
Following the Purchase, Simon Cole is beneficially interested in
2,481,046 Ordinary Shares, representing approximately 2.14% of the
Company's issued share capital.
Following the Purchase, Matt Honey is beneficially interested in
200,000 Ordinary Shares, representing approximately 0.17% of the
Company's issued share capital.
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 Matt Honey
---- -------------------------- ----------------------- -----------------------
2. Reason for the Notification
---- ----------------------------------------------------------------------------
a) Position/status Chief Executive Chief Financial
Officer
---- -------------------------- ----------------------- -----------------------
b) Initial Initial notification Initial notification
notification/
Amendment
---- -------------------------- ----------------------- -----------------------
3. Details of the issuer, emission
allowance market participant,
auction platform, auctioneer or
auction monitor
---- ----------------------------------------------------------------------------
a) Name 7digital Group 7digital Group
plc plc
---- -------------------------- ----------------------- -----------------------
b) LEI n/a n/a
---- -------------------------- ----------------------- -----------------------
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 Ordinary shares Ordinary shares
of the of 10p of 10p
Financial
instrument,
type of
instrument
----
Identification GB00BMH46555 GB00BMH46555
code
---- -------------------------- ----------------------- -----------------------
b) Nature Purchase of Purchase of
of the ordinary shares ordinary shares
transaction
---- -------------------------- ----------------------- -----------------------
c) Price(s) Price Volume Price Volume
and volume(s)
---- -------------------------- ---------- ----------- ---------- -----------
5.015p 142,127 5.015p 143,125
------------------------------- ---------- ----------- ---------- -----------
d) Aggregated 142,127 ordinary 143,125 ordinary
information: shares of shares of 10
* Aggregated volume 10 pence purchased pence purchased
at 5.015 pence at 5.015 pence
per ordinary per ordinary
* Price share share
---- -------------------------- ----------------------- -----------------------
e) Date of 23 September 23 September
the transaction 2016 2016
---- -------------------------- ----------------------- -----------------------
f) Place London Stock London Stock
of the Exchange, Exchange, AIM
transaction AIM Market Market (XLON)
(XLON)
---- -------------------------- ----------------------- -----------------------
Enquiries
020 7099
7digital Group 7777
Simon Cole, Chief Executive Officer
Matt Honey, Chief Financial Officer
Holly Ashmore, PR Manager
020 7220
finnCap (nominated adviser and broker) 0500
Geoff Nash/ Carl Holmes/ Simon Hicks
- Corporate Finance
Malar Velaigam /Mia Gardner - Corporate
Broking
020 7067
Weber Shandwick (financial PR agency) 0000
Nick Oborne - NOborne@webershandwick.com
Tom Jenkins - TJenkins@ webershandwick.com
About 7digital (http://about.7digital.com)
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, Fnac, Musical.ly, Global
Radio and E.Leclerc. 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
END
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