7digital Group PLC Director/PDMR Shareholding (8154A)

TIDM7DIG

RNS Number : 8154A

7digital Group PLC

29 March 2017

29 March 2017

7digital Group plc

("7digital" or the "Company")

Director/PDMR Shareholdings

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)   Names                      Sir Donald Cruickshank - Non-Executive 
                                  Chairman 
                                  Simon Cole - CEO 
                                  Matthew Honey - CFO 
                                  Paul McGowan - Non-Executive 
                                  Director 
                                  Mark Foster - Non-Executive 
                                  Director 
                                  Eric Cohen - Non-Executive 
                                  Director 
---  -------------------------  --------------------------------------- 
 2.   Reason for the Notification 
---  ------------------------------------------------------------------ 
 a)   Position/status            See 1(a) above for positions 
                                  - all classified as PDMRs 
                                  of the Company 
---  -------------------------  --------------------------------------- 
 b)   Initial notification/      Initial Notification 
       Amendment 
---  -------------------------  --------------------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------------------ 
 a)   Name                       7digital Group plc 
---  -------------------------  --------------------------------------- 
 b)   LEI                        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 of             ordinary shares of 1 pence 
       the Financial              each ("Ordinary Shares") 
       instrument, type 
       of instrument 
--- 
      Identification             GB00BMH46555 
       code 
---  -------------------------  --------------------------------------- 
 b)   Nature of the              Subscription for Ordinary 
       transaction                Shares in the Placing announced 
                                  10 March 2017 
---  -------------------------  --------------------------------------- 
 c)   Price(s) and                Name            Price:   Volume(s): 
       volume(s)                  --------------  -------  ----------- 
                                   Sir Donald 
                                    Cruickshank      6.5p      769,231 
                                  --------------  -------  ----------- 
                                   Simon Cole        6.5p      250,000 
                                  --------------  -------  ----------- 
                                   Matt Honey        6.5p      153,847 
                                  --------------  -------  ----------- 
                                   Paul McGowan      6.5p    1,538,462 
                                  --------------  -------  ----------- 
                                   Mark Foster       6.5p      153,847 
                                  --------------  -------  ----------- 
                                   Eric Cohen        6.5p      316,556 
                                  --------------  -------  ----------- 
---  -------------------------  --------------------------------------- 
 d)   Aggregated information:    n/a 
        *    Aggregated volume 
 
 
        *    Price 
---  -------------------------  --------------------------------------- 
 e)   Date of the transaction    29 March 2017 
---  -------------------------  --------------------------------------- 
 f)   Place of the               Outside a trading venue 
       transaction 
---  -------------------------  --------------------------------------- 
 

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 - [e-mail] 
  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

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March 29, 2017 03:48 ET (07:48 GMT)