7digital Group PLC (LON:7DIG) Update on Petition

Further to the Company’s update announcement dated 4 January 2019 (the “Update Announcement”), 7digital Group plc (AIM: 7DIG) is pleased to announce that it has made payment in full of the amount due from its subsidiary 7digital Trading to HMRC.

Confirmation that the Petition has been duly dismissed will follow, by way of a further RNS.

Defined terms in the Update Announcement have the same meanings in this announcement.

This announcement contains information which, prior to its disclosure, was deemed inside information for the purpose of the Market Abuse Regulation.


 

About 7digital http://about.7digital.com/

7digital is the global leader in B2B 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 MediaMarktSaturn, Onkyo and musical.ly. From years of being the largest independent producer of programming for the BBC and powering services for partners like Panasonic, TDC and Fender, 7digital is perfectly positioned to lead innovation at the intersection of digital music and next-generation radio services.

 

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