7digital Group PLC Update on Publication of Annual Audited Accounts (9351P)
15 Junio 2020 - 1:15AM
UK Regulatory
TIDM7DIG
RNS Number : 9351P
7digital Group PLC
15 June 2020
15 June 2020
7digital Group plc
("7digital" or "the Company")
Update on Publication of Annual Audited Accounts
Change of Registered Address
7digital (AIM: 7DIG), the global leader in B2B end-to-end
digital music solutions, announces that the Company has applied for
and been granted a three-month extension for the reporting and
filing of its annual audited accounts for the year ended 31
December 2019 ("2019 Accounts").
The Company has been advised by its auditors, BDO LLP, that due
to its increased audit processes in light of COVID-19, and the
wider impact of the pandemic, it will not be in a position to sign
off 7digital's 2019 Accounts by 30 June 2020.
The Company has obtained a three-month extension for the filing
of its 2019 Accounts with Companies House. In line with the
guidance provided by AIM Regulation on 26 March 2020, the Company
has also been granted an additional period of up to three months to
publish its 2019 Accounts. Consequently, the Company will publish
its annual audited accounts pursuant to AIM Rule 19 as soon as
practicable prior to the revised deadline of 30 September 2020.
As announced on 27 April 2020, 7digital expects to achieve
operational profitability during the second half of the year, and
this guidance remains unchanged. The Company continues to execute
its strategy of leveraging 7digital's market-leading technology to
capitalise on the growth in music streaming and demand for digital
music solutions.
In addition, the Company announces that its registered address
has changed to Labs Lower Lock, Water Lane, London, England, NW1
8JZ.
Enquiries:
7digital 020 7099 7777
Paul Langworthy, CEO
Arden Partners (Nominated Adviser and Broker) 020 7614 5900
Richard Johnson, Benjamin Cryer
Luther Pendragon (Financial PR) 020 7618 9100
Harry Chathli, Joe Quinlan, Elliot Fradd
Notes to Editors:
About 7digital ( www.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. 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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contact rns@lseg.com or visit www.rns.com.
END
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