27 Sep 2016 07:00
| 27 September 2016 |
ADGORITHMS LTD
("Adgorithms" or the "Company")
Director/PDMR Shareholdings
Adgorithms was yesterday notified that on 26 September 2016, Ron Stern, Or Russo and Tomer Naveh purchased a total of 85,185 ordinary shares of 0.01 NIS ("Ordinary Shares") in the capital of the Company at a price of 21 pence per Ordinary Share.
Following the purchase, Ron Stern, Chief Financial Officer, is beneficially interested in 190,895 Ordinary Shares, representing approximately 0.31 per cent. of the Company's issued share capital.
Following the purchase, Or Russo, General Manager, is beneficially interested in 3,623,164 Ordinary Shares, representing approximately 5.87 per cent. of the Company's issued share capital.
Following the purchase, Tomer Naveh, Chief Technology Officer, is beneficially interested in 3,730,847 Ordinary Shares, representing approximately 6.05 per cent. of the Company's issued share capital.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1. | Details of the person discharging managerial responsibilities / person closely associated | ||||||
a) | Name | Ron Stern | Or Russo | Tomer Naveh | |||
2. | Reason for the Notification | ||||||
a) | Position/status | Chief Financial Officer | General Manager | Chief Technology Officer | |||
b) | Initial notification/ Amendment | Initial notification | Initial notification | Initial notification | |||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
a) | Name | Adgorithms Ltd | Adgorithms Ltd | Adgorithms Ltd | |||
b) | LEI | n/a | n/a | n/a | |||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||
a) | Description of the Financial instrument, type of instrument | Ordinary shares of 0.01 NIS each | Ordinary shares of 0.01 NIS each | Ordinary shares of 0.01 NIS each | |||
Identification code | IL0011354904 | IL0011354904 | IL0011354904 | ||||
b) | Nature of the transaction | Purchase of ordinary shares | Purchase of ordinary shares | Purchase of ordinary shares | |||
c) | Price(s) and volume(s) | Price | Volume | Price | Volume | Price | Volume |
21p | 28,395 | 21p | 28,395 | 21p | 28,395 | ||
d) | Aggregated information: ·Aggregated volume ·Price | Single transaction as in 4c) above 28,395 21p | Single transaction as in 4c) above 28,395 21p | Single transaction as in 4c) above 28,395 21p | |||
e) | Date of the transaction | 26 September 2016 | 26 September 2016 | 26 September 2016 | |||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | London Stock Exchange, AIM Market (XLON) | London Stock Exchange, AIM Market (XLON) | |||
For further information, please contact:
Adgorithms | Tel: +972 3537 7137 |
Or Shani, Chief Executive Officer |
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Ron Stern, Chief Financial Officer |
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www.adgorithms.com |
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Liberum (NOMAD and Broker) | Tel: +44 20 3100 2000 |
Neil Patel / Chris Clarke / Neil Elliot |
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Vigo Communications | Tel: +44 20 7830 9700 |
Jeremy Garcia / Ben Simons / Fiona Henson | adgorithms@vigocomms.com |
www.vigocomms.com |
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