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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
7digital Group Plc | LSE:7DIG | London | Ordinary Share | GB00BMH46555 | ORD 0.01P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.69 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
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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(END) Dow Jones Newswires
March 28, 2017 10:03 ET (14:03 GMT)
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