- Digital music solutions group 7digital detailed plans to raise a minimum of £5.0m through a discounted equity placing and subscription offering.

The company planned to issue shares at a price of 2.25p a share, representing a discount of 23.7% to the closing price of 2.95p a share on 2 September 2020.

The net proceeds of the placing and subscription would be used to support commercial growth opportunities within home fitness, artist monetisation, and social media, the company said.

At 8:56am: (LON:7DIG) 7digital Group Plc share price was -0.4p at 2.55p

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