Songtradr is one of the world’s largest B2B music licensing companies, delivering music solutions to music rights holders as well as brands, agencies, digital platforms and content creators. 7digital provides B2B end-to-end digital music solutions, with a scalable cloud-based platform that enables companies and brands to connect to its global music catalogue and rights management system.
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.
On 8 February 2023, the boards of directors of 7digital and Songtradr announced that they had reached agreement on the terms of a recommended cash offer to be made by Songtradr for the entire issued and to be issued ordinary share capital of 7digital.
It was also announced that the Offer would be effected by means of a Court-sanctioned scheme of arrangement between 7digital and its shareholders under Part 26 of the Companies Act 2006 and be subject to the terms and conditions set out in the scheme document relating to the Offer.
Publication of the Scheme Document
The Perivan Shareholder communications team was delighted to work with Strand Hanson, who acted as Financial Adviser to 7digital on the production of the 80-page Scheme and associated ancillary documents, which were successfully published and posted to qualifying shareholders on 1st March 2023.
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Perivan specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies, private companies, and open and closed-ended funds.