15 May 2017 07:01
15 May 2017
ADGORITHMS LTD
(the "Company")
Notice of AGM and Grant of Options
Adgorithms Ltd (AIM: ADGO), a software company operating in the high growth online advertising market, announces that it will be holding its Annual General Meeting at 10.00 a.m. (London time) / 12.00 p.m. (Tel Aviv time) on 22 June 2017 at the offices of Berwin Leighton Paisner LLP, Adelaide House, London Bridge, London EC4R 9HA.
The Notice includes special majority resolutions to approve the grant of options over, in aggregate, 617,253 ordinary shares to Yoram Freund, the Company's Chief Financial Officer, pursuant to the Adgorithms Ltd. 2013 Israeli Share Option Plan. All of the options will be exercisable at a price of 24.4 pence (equal to 1.113 NIS or 0.315 U.S. dollars), based on the average closing price of the Company's shares for the 60 trading days preceding the close of business on 12 May 2017, and will be subject to vesting conditions.
Following the grant of options to Mr. Freund and certain employees of the Company, there will be outstanding options over a total of 6,320,850 ordinary shares representing approximately 10.24% of the current issued share capital of the Company.
The Notice of Annual General Meeting, Form of Proxy and/or Form of Direction have been sent to shareholders and will shortly be available to download from the Company's website at http://adgorithms.com/investor-relations/.
For further information, please contact:
Adgorithms | +972 3537 7137 |
Or Shani, Chief Executive Officer | |
Yoram Freund, Chief Financial Officer | |
www.adgorithms.com | |
Liberum (NOMAD and Broker) | +44 20 3100 2000 |
Neil Patel / Chris Clarke | |
www.liberum.com | |
Bell Pottinger | +44 203 772 2556 |
Elly Williamson / Joanna Davidson | adgorithms@bellpottinger.com |
www.bellpottinger.com | |