7digital Group PLC Result of General Meeting (7907A)
29 March 2017 - 1:03AM
UK Regulatory
TIDM7DIG
RNS Number : 7907A
7digital Group PLC
28 March 2017
28 March 2017
7digital Group plc
("7digital" or the "Company")
Result of General Meeting
On 10 March 2017, the Company published its shareholder circular
(the "Circular") in connection with the Capital Raising and the
Share Capital Reorganisation.
The Capital Raising and the Share Capital Reorganisation were
conditional upon, amongst other things, the passing of the
Resolutions at the General Meeting.
7digital is pleased to announce that at the General Meeting held
earlier today, all of the Resolutions were duly passed on a show of
hands.
The Capital Raising and the Share Capital Reorganisation remain
conditional upon Admission.
Pursuant to Resolution 2, each existing ordinary share of 10
pence each in the capital of the Company will be sub-divided
into:
a) one new ordinary share of one penny each in the capital of
the Company ("New Ordinary Share"), such shares having the same
rights, being subject to the same restrictions and ranking on the
same basis (save as to nominal value) as the existing ordinary
shares of 10 pence each as set out in the Company's Articles;
and
b) one new deferred share of 9 pence each in the capital of the
Company, and the deferred shares will have the rights and be
subject to the restrictions set out in the Articles.
Accordingly it is expected that the Admission of the 159,866,682
New Ordinary Shares (including 44,115,165 New Ordinary Shares to be
issued pursuant to the Capital Raising) will become effective at
8.00 a.m. tomorrow, 29 March 2017. On Admission, there will be
28,336 New Ordinary Shares held in treasury. Therefore, on
Admission, the Company's total number of New Ordinary Shares with
voting rights is 159,838,346.
The above figure of 159,838,346 may be used by Shareholders 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 Company under the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules.
Capitalised terms used in this announcement shall have the same
meanings given to them in the Circular.
Enquiries:
020 7099
7digital Group plc 7777
Simon Cole, Chief Executive
Matt Honey, Chief Financial Officer
Holly Ashmore, PR Manager
finnCap (nominated adviser and 020 7220
broker) 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
020 7067
About 7digital (http://about.7digital.com) 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, 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,
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 contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
finnCap is authorised and regulated by the Financial Conduct
Authority in the United Kingdom and is acting exclusively for the
Company and no one else in connection with the Capital Raising, and
finnCap will not be responsible to anyone other than the Company
for providing the protections afforded to its clients or for
providing advice in relation to the Capital Raising or any other
matters referred to in this announcement.
No representation or warranty, express or implied, is or will be
made as to, or in relation to, and no responsibility or liability
is or will be accepted by finnCap or by any of its affiliates or
agents as to, or in relation to, the accuracy or completeness of
this announcement or any other written or oral information made
available to or publicly available to any interested party or its
advisers, and any liability therefor is expressly disclaimed.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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March 28, 2017 10:03 ET (14:03 GMT)
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