7digital Group PLC Director/PDMR Shareholding (7525K)

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 - [e-mail] 
 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

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September 26, 2016 02:01 ET (06:01 GMT)