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UBC MEDIA

Equities

7DIG

GB00BMH46555

7Digital Group plc Announces Executive Changes

June 25, 2019 at 09:01 am EDT

7digital Group plc announced that each of Don Cruickshank and Eric Cohen will step down as directors of the Company with effect from Admission. The company has now agreed that at the request of the Proposed Directors, Tamir Koch and David Lazarus, they will now be appointed to the Board as following the publication of the Company's annual accounts for the year ended 31 December 2018 and not on Admission as stated in the Circular. Accordingly, until such time, Mark Foster has agreed to act as interim Chairman of the Company. Tamir Koch will be appointed as Non-Executive Chair and David Lazarus as Non-Executive Director, with immediate effect.

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Company Profile

7digital Group plc is a United Kingdom-based company that provides business-to-business (B2B) end-to-end digital music solutions. The Company's business is engaged in the provision of scalable technical infrastructure combined with global music rights used to create music streaming and radio services. It operates through three segments: Licensing, Content and Creative. Its Licensing segment is engaged in the creation of software solutions for managing and delivering digital content. Its Content segment is engaged in the sales of digital music direct to consumers. Its Creative segment is engaged in the production of audio and video programming for broadcasters. It caters to a diverse range of B2B customers, including consumer and social media brands, online fitness companies, mobile carriers, broadcasters, automotive systems, record labels and retailers. The Company's wholly owned subsidiaries include 7digital Limited, 7digital Creative Limited and 7digital Trading Limited.

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