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7digital Group plc (7DIG.L)

7DIG.L on London Stock Exchange

0.19GBp
21 Nov 2019
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Latest Key Developments (Source: Significant Developments)

7Digital Wins Contract To Provide Music-As-A-Service Platform
Wednesday, 23 Oct 2019 

Oct 23 (Reuters) - 7digital Group plc <7DIG.L>::CONTRACT TO PROVIDE MUSIC-AS-A-SERVICE PLATFORM.7DIGITAL AWARDED CONTRACT TO PROVIDE ITS MUSIC-AS-A-SERVICE PLATFORM FOR NEW INNOVATIVE STREAMING SERVICE.  Full Article

7Digital To Appoint Michael Juskiewicz To Board As Finance Director
Friday, 20 Sep 2019 

Sept 20 (Reuters) - 7digital Group plc <7DIG.L>::TO APPOINT MICHAEL JUSKIEWICZ CHIEF FINANCIAL OFFICER OF 7DIGITAL, TO BOARD AS FINANCE DIRECTOR.  Full Article

7Digital Group Says Second Stage Financing Plans Are Well Underway
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - 7digital Group plc <7DIG.L>::7DIGITAL GROUP - CONFIRM SECOND STAGE FINANCING PLANS ARE WELL UNDERWAY, AND WE SHOULD BE IN A POSITION TO CONFIRM FUNDRAISING IN NEAR TERM.  Full Article

7Digital Says Revenue Grew By 19% In 2018 To 19.9 Mln Stg
Monday, 1 Jul 2019 

July 1 (Reuters) - 7digital Group plc <7DIG.L>::7DIGITAL - GROUP REVENUE GREW BY 19% IN 2018 TO £19.9M (2017 RESTATED: £16.7M).7DIGITAL - ADJUSTED EBITDA LOSS FOR 2018 WAS £2.5M (2017 RESTATED: £1.8M).7DIGITAL - REDUCTION IN HEADCOUNT OF C35% ACROSS UK, DENMARK AND US IN 2018.  Full Article

7Digital Group Says Funding Will Be Required By End Of June 2019
Tuesday, 7 May 2019 

May 7 (Reuters) - 7digital Group plc <7DIG.L>::7DIGITAL GROUP - IN DISCUSSIONS WITH TWO LOAN NOTE HOLDERS AND POTENTIAL THIRD PARTY WHERE THIRD PARTY WILL BUY LOAN NOTES, ENTER STANDSTILL AGREEMENT.NEGOTIATIONS REMAIN ONGOING AND COMPANY WILL PROVIDE AN UPDATE IN DUE COURSE.BOARD'S VIEW REMAINS THAT COMPANY WILL REQUIRE MATERIAL FURTHER EQUITY AND/OR DEBT FUNDING.7DIGITAL GROUP - LIKELY THAT FUNDING WILL BE REQUIRED BY END OF JUNE 2019; WITHOUT SUCH FUNDING, CO UNLIKELY TO BE ABLE TO CONTINUE AS GOING CONCERN.  Full Article

7Digital Group Agrees Sale Of Denmark Assets To TDC
Thursday, 2 May 2019 

May 2 (Reuters) - 7digital Group plc <7DIG.L>::7DIGITAL AGREES SALE OF DENMARK ASSETS TO TDC.SALE OF SELECT TECHNOLOGY FROM COMPANY AND ITS DENMARK SUBSIDIARY AND TRANSFER OF STAFF TO TDC GROUP/ TDC A/S (TDC).CONSIDERATION FOR TRANSACTION IS EUR 1.375M IN CASH, OF WHICH EUR 1.0M WAS PAID TO 7DIGITAL AT COMPLETION.TRANSACTION PASSES CONTROL OF COMPANY'S BESPOKE TECHNOLOGY, AND RESOURCES TO MAINTAIN IT, TO TDC.  Full Article

7Digital Says Simon Cole To Step Down As CEO In April
Monday, 25 Mar 2019 

March 25 (Reuters) - 7digital Group plc <7DIG.L>::CHIEF EXECUTIVE OFFICER SUCCESSION.SIMON COLE IS TO STEP DOWN AS DIRECTOR AND CHIEF EXECUTIVE IN APRIL.SIMON COLE IS TO STEP DOWN AS DIRECTOR AND CHIEF EXECUTIVE IN APRIL.SIMON'S SUCCESSOR AS CEO WILL BE JOHN AALBERS.JOHN WILL JOIN COMPANY ON APRIL 1.  Full Article

7Digital Group Announces Settlement With MediaMarktSaturn Over Juke Service
Friday, 1 Mar 2019 

March 1 (Reuters) - 7digital Group plc <7DIG.L>::SETTLEMENT WITH MEDIAMARKTSATURN OVER JUKE SERVICE.REACHED A SETTLEMENT AGREEMENT WITH JUKE ENTERTAINMENT GMBH A WHOLLY OWNED SUBSIDIARY OF MEDIA-SATURN-HOLDING GMBH.JUKE HAS AGREED TO WRITE OFF ALL INTEREST PAYMENTS AND £250,000 OF PRINCIPAL AMOUNT OF CONVERTIBLE LOAN NOTE ISSUED TO JUKE.7DIGITAL-UNDER AGREEMENT, CO ACCEPTED SETTLEMENT, RELEASE FROM OUTSTANDING CONTRACTS, COMMITMENTS RELATING TO JUKE MUSIC FOR PAYMENT OF 4 MILLION EUROS.  Full Article

7Digital Says HMRC Published Winding Up Petition Hearing Notice Served On 7Digital Trading
Friday, 4 Jan 2019 

Jan 4 (Reuters) - 7digital Group plc <7DIG.L>::7DIGITAL GROUP PLC - CONFIRM THAT IT COMPLETED PLANNED PLATFORM CONSOLIDATION AND RE-STRUCTURING OF GROUP'S OPERATIONS IN FINAL QUARTER OF 2018.7DIGITAL GROUP PLC - SEVERAL OPERATIONS AND OFFICES HAVE BEEN CLOSED OR DISCONTINUED AND STAFF NUMBERS REDUCED IN ALL LOCATIONS.7DIGITAL - IN LAST TWO WEEKS OF 2018, ENTERED DISCUSSIONS WITH JUKE GMBH, UNIT OF EUROPEAN RETAILER MEDIAMARKTSATURN ABOUT FUTURE OF JUKE MUSIC SERVICE.7DIGITAL GROUP PLC - OPERATIONS HAVE REMAINED STABLE DURING RESTRUCTURING AND MOVE TO A SINGLE TECHNOLOGY PLATFORM FOR 7DIGITAL'S CUSTOMERS.7DIGITAL - MMS INDICATED IT MAY WISH TO CHANGE ARRANGEMENTS & THIS COULD INVOLVE CO TAKING MORE RESPONSIBILITY FOR SOME ASPECTS OF SERVICE.7DIGITAL GROUP- BECAME AWARE THAT HMRC HAS PUBLISHED NOTICE IN LONDON GAZETTE OF HEARING OF WINDING UP PETITION SERVED ON 7DIGITAL TRADING LIMITED.7DIGITAL GROUP PLC - COMPANY IS CONFIDENT THAT PETITION WILL BE DISMISSED.7DIGITAL GROUP PLC - COMPANY IS CONFIDENT THAT FULL AMOUNT DUE TO HMRC WILL BE PAID IN ADVANCE OF HEARING.  Full Article