Last checked at 26 Mar 2024 11:05
26 March 2024
Nexxen International Ltd
("Nexxen" or the "Company")
Director Dealings Pursuant to Previously Established Non-Discretionary Plans to Trade Under Rule 10b-5
Nexxen International Ltd. (AIM/NASDAQ: NEXN) ("Nexxen" or the "Company"), a global, unified advertising technology platform with deep expertise in video and Connected TV ("CTV"), announces that in accordance with the vesting schedule for certain restricted stock units over Ordinary Shares of NIS0.01 each in the capital of the Company ("RSUs" and "Ordinary Shares") 393,750 time-based RSUs over Ordinary Shares have vested and been issued to certain Directors of the Company as set out in the table below.
In addition, pursuant to previously established non-discretionary plans to trade in the Company's Ordinary Shares in accordance with the terms of Rule 10b5-1 promulgated under the U.S. Securities Exchange Act of 1934, as amended (the "Rule 10b5-1 Plans"), Ofer Druker, the Company's Chief Executive Officer, and Yaniv Carmi, the Company's Chief Operating Officer, have sold Ordinary Shares (the "Share Sale") in order to cover the tax obligations triggered by the vesting of RSUs. Full details of the Share Sale are detailed in the table below.
Director | Position | Ordinary Shares Issued | Ordinary Shares Sold | Share Sale Price | Resultant Holding | % of total voting rights |
Ofer Druker | Chief Executive Officer | 218,750 | 1,572 4,058 | $2.4656 $2.4306 | 4,532,921 | 3.24% |
Yaniv Carmi | Chief Operating Officer | 96,250 | 10,196 37,930 | $2.4679 $2.4322 | 2,050,787 | 1.46% |
Sagi Niri | Chief Financial Officer | 78,750 | - | - | 1,443,900 | 1.03% |
For further information please contact:
Nexxen International Ltd.Billy Eckert, Vice President of Investor Relations ir@nexxen.com
Caroline Smith, Vice President of Communications
csmith@nexxen.com
KCSA (U.S. Investor Relations)David Hanover, Investor Relations nexxenir@kcsa.com
Vigo Consulting (U.K. Financial PR & Investor Relations)Jeremy Garcia / Peter Jacob / Aisling FitzgeraldTel: +44 20 7390 0230 or nexxen@vigoconsulting.com
Cavendish Capital Markets Limited Jonny Franklin-Adams / Charlie Beeson / George Dollemore (Corporate Finance)Tim Redfern / Harriet Ward (ECM)Tel: +44 20 7220 0500
About Nexxen
Nexxen empowers advertisers, agencies, publishers and broadcasters around the world to utilize video and Connected TV in the ways that are most meaningful to them. Comprised of a demand-side platform (DSP), supply-side platform (SSP), ad server and data management platform (DMP), Nexxen delivers a flexible and unified technology stack with advanced and exclusive data at its core. Our robust capabilities span discovery, planning, activation, measurement and optimization - available individually or in combination - all designed to enable our partners to reach their goals, no matter how far-reaching or hyper niche they may be. For more information, visit www.nexxen.com
Nexxen is headquartered in Israel and maintains offices throughout the United States, Canada, Europe and Asia-Pacific, and is traded on the London Stock Exchange (AIM: NEXN) and NASDAQ (NEXN).
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Ofer Druker | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Chief Executive Officer | ||||
b) | Initial notification/Amendment | Initial | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Nexxen International Ltd | ||||
b) | LEI | 213800ZNSR7AIJZ2J557 | ||||
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 | Restricted Stock Units over Ordinary Shares of NIS 0.01 each | ||||
Identification code | IL0011320343 | |||||
b) | Nature of the transaction | Vesting of RSUs | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: · Aggregated volume · Price |
218,750 Ordinary Shares n/a
| ||||
e) | Date of the transaction | 22 March 2024 | ||||
f) | Place of the transaction | NASDAQ Global Market | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Ofer Druker | ||||||
2. | Reason for the Notification | |||||||
a) | Position/status | Chief Executive Officer | ||||||
b) | Initial notification/Amendment | Initial | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Nexxen International Ltd | ||||||
b) | LEI | 213800ZNSR7AIJZ2J557 | ||||||
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 NIS 0.01 each | ||||||
Identification code | IL0011320343 | |||||||
b) | Nature of the transaction | Sale of Ordinary Shares | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information: · Aggregated volume · Price |
5,630 Ordinary Shares $13,739.21 | ||||||
e) | Date of the transaction | 22 March 2024 25 March 2024 | ||||||
f) | Place of the transaction | NASDAQ Global Market | ||||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Yaniv Carmi | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Chief Operating Officer | ||||
b) | Initial notification/Amendment | Initial | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Nexxen International Ltd | ||||
b) | LEI | 213800ZNSR7AIJZ2J557 | ||||
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 | Restricted Stock Units over Ordinary Shares of NIS 0.01 each | ||||
Identification code | IL0011320343 | |||||
b) | Nature of the transaction | Vesting of RSUs | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: · Aggregated volume · Price |
96,250 Ordinary Shares n/a
| ||||
e) | Date of the transaction | 22 March 2024 | ||||
f) | Place of the transaction | NASDAQ Global Market | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Yaniv Carmi | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Chief Operating Officer | ||||
b) | Initial notification/Amendment | Initial | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Nexxen International Ltd | ||||
b) | LEI | 213800ZNSR7AIJZ2J557 | ||||
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 NIS 0.01 each | ||||
Identification code | IL0011320343 | |||||
b) | Nature of the transaction | Sale of Ordinary Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: · Aggregated volume · Price |
48,126 Ordinary Shares $117,413.65
| ||||
e) | Date of the transaction | 22 March 2024 25 March 2024 | ||||
f) | Place of the transaction | NASDAQ Global Market | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Sagi Niri | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Chief Financial Officer | ||||
b) | Initial notification/Amendment | Initial | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Nexxen International Ltd | ||||
b) | LEI | 213800ZNSR7AIJZ2J557 | ||||
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 | Restricted Stock Units over Ordinary Shares of NIS 0.01 each | ||||
Identification code | IL0011320343 | |||||
b) | Nature of the transaction | Vesting of RSUs | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: · Aggregated volume · Price |
78,750 Ordinary Shares n/a
| ||||
e) | Date of the transaction | 22 March 2024 | ||||
f) | Place of the transaction | NASDAQ Global Market | ||||