ZOO DIGITAL GROUP PLC

Director's Dealing • Aug 9, 2017

National Storage Mechanism | Additional information

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RNS Number : 4565N

7digital Group PLC

09 August 2017

7digital Group plc

("7digital" or "the Company")

Grant of Options

7digital (AIM:7DIG), the B2B digital music and radio services company announces that on 7th August 2017 the Company granted a total of 2,480,000 options ("Options") over ordinary shares of 1 pence each ("Ordinary Shares") to certain persons discharging managerial responsibility ("PDMRs") and employees of the Company. The Options are nil paid and are exercisable at any time between 8th August 2018 and 7th August 2020. Half of the Options granted to the PDMR's will be exercisable subject to meeting certain future EBITDA performance targets.

The following PDMRs have been granted Options:

Name	Number of Options granted	Proportion of Options granted subject to performance criteria	Total number of Options held after this grant
Simon Cole	200,000	50%	776,722
Matt Honey	200,000	50%	400,000
Pete Downton	200,000	50%	593,177
Paul Langworthy	200,000	50%	550,223
Ed Kershaw	200,000	50%	300,000

In addition to the Options, the Company also granted Contingent Awards over 1,100,000 Ordinary Shares under a French Qualified Share Award Plan to a PDMR and other employees of the Company. The French Qualified Share Award Plan grants a Contingent Award over Ordinary Shares at nil value that vest on 8th August 2021. A proportion of the Contingent Award granted to the PDMR will be exercisable subject to meeting certain future EBITDA performance targets.

The following PDMR has been granted a Contingent Award under the French Qualified Share Award Plan:

Name	Number of shares granted under Contingent Award	Proportion of shares granted under Contingent Award subject to performance criteria	Total number of shares held under a Contingent Award after this grant
Philippe Decottignies	500,000	20%	500,000

Further information is set out in the PDMR disclosure tables below.

Enquiries

7digital Group	020 7099 7777
Simon Cole, Chief Executive
Matt Honey, Chief Financial Officer Holly Ashmore, PR Manager
finnCap (nominated adviser and broker)	020 7220 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 About 7digital (http://about.7digital.com)	020 7067 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, Global Radio and musical.ly. 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 is inside information for the purposes of Article 7 of Regulation 596/2014.

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                            CEO

Matt Honey                           CFO

Pete Downton                       COO

Paul Langworthy                   PDMR

Philippe Decottignies         PDMR

Ed Kershaw                           PDMR

2.            

Reason for the Notification

a)

Position/status

See 1(a) above - all classified as PDMRs of the Company

b)

Initial notification/Amendment

Initial notification

3.    

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

7digital Group plc

b)

LEI

213800Z18A7JGS54KF43

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 the Financial instrument, type of instrument

Options over ordinary shares of 1p each ("Ordinary Shares")

Identification code

GB00B0P1RP10

b)

Nature of the transaction

Issue of Options/Contingent Share Awards over Ordinary Shares

c)

Price(s) and volume(s)

Simon Cole

Price(s)	Volume(s)
0p	200,000

Matt Honey

Price(s)	Volume(s)
0p	200,000

Pete Downton

Price(s)	Volume(s)
0p	200,000

Paul Langworthy

Price(s)	Volume(s)
0p	200,000

Philippe Decottignies

Price(s)	Volume(s)
0p	500,000

Ed Kershaw

Price(s)	Volume(s)
0p	200,000

d)

Aggregated information:

·      Aggregated volume

·      Price

See 4 (c) above

e)

Date of the transaction

7th August 2017

f)

Place of the transaction

Outside a trading venue

This information is provided by RNS

The company news service from the London Stock Exchange

END

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