1st Aug 2019 14:47
1 August 2019
7digital Group plc
("7digital" or "the Company")
Result of Annual General Meeting
7digital (AIM:7DIG), the global leader in B2B end-to-end digital music solutions, is pleased to announce that all resolutions put to shareholders at the Company's Annual General Meeting held today were successfully passed to uphold the new strategy of the Board.
Resolution 2, concerning the election of John Aalbers, was withdrawn at the meeting. John Aalbers stepped down as Director of the Company and from his role as Chief Executive Officer on 18 July 2019.
The number of proxies received in respect of the Resolutions were as follows:
Resolution | Total votes for | % | Total votes against | % | Total votes cast | Votes withheld | ||
1. | To receive the audited annual accounts of the Company for the year ended 31 December 2018, together with the directors' reports and the auditors' report on those annual accounts. | 971,446,781 | 100 | 0 | 0 | 971,446,781 | 107,855 | |
2. | To elect John Aalbers as a director, who was appointed as a director of the Company after the last annual general meeting. | Withdrawn | ||||||
3. | To elect Julia Hubbard as a director, who was appointed as a director of the Company after the last annual general meeting. | 971,426,194 | 99.99 | 20,587 | 0.01 | 971,446,781 | 107,855 | |
4. | To re-elect Anne De Kerckhove as a director, who retires by rotation. | 971,231,106 | 99.98 | 215,675 | 0.02 | 971,446,781 | 107,855 | |
5. | To re-elect Mark Foster as a director, who retires by rotation. | 971,385,221 | 99.99 | 61,560 | 0.01 | 971,446,781 | 107,855 | |
6. | To re-appoint BDO LLP as auditors of the Company to hold office from the conclusion of the AGM until the conclusion of the next general meeting at which accounts are laid before the Company. | 971,272,409 | 100 | 0 | 0 | 971,272,409 | 282,227 | |
7. | To authorise the directors to determine the remuneration of the auditors | 971,426,524 | 99.99 | 20,257 | 0.01 | 971,446,781 | 107,855 | |
8. | Directors' authority to allot shares | 971,529,700 | 99.99 | 20,257 | 0.01 | 971,549,957 | 4,679 | |
9. | Disapplication of pre-emption rights | 971,344,436 | 99.98 | 174,372 | 0.02 | 971,518,808 | 35,828 | |
For further information please contact:
7digital | 020 7099 7777 |
Paul Langworthy, CEO | |
Holly Ashmore, PR Manager
| |
Arden Partners (nominated adviser and broker) | 020 7614 5900 |
Ruari McGirr/Tom Price/ Benjamin Cryer - Corporate Finance |
About 7digital
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 Onkyo and TikTok (formerly musical.ly). From years of being the largest independent producer of programming for the BBC and powering services for partners like Global Radio and Fender, 7digital is perfectly positioned to lead innovation at the intersection of digital music and next-generation radio services.
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