8 Jul 2020 07:00
8 July 2020
Tremor International Ltd
("Tremor" or the "Company")
Director Dealing
Tremor International Ltd (AIM: TRMR), a global leader in advertising technologies, 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") as part of the CEO Remuneration Amendments (as defined in the Circular posted to shareholders on 14 February 2020 in relation to the RhythmOne acquisition) 419,880 RSUs belonging to Ofer Druker, CEO of the Company, have vested and accordingly, 231,094 Ordinary Shares were sold on 1 July and 3 July, at range of 1.5-1.51 pence per Ordinary Share, as part of an automatic process to cover the immediate tax obligation under US tax law that Mr. Druker has incurred upon the RSUs vesting. Following the vesting of the RSUs, Ofer holds a total of 2,159,418 vested RSUs or Ordinary Shares in the Company, representing 1.62 per cent. of the total voting rights.
In addition to the above,183,952 time based RSUs over Ordinary Shares granted to Yaniv Carmi, COO of the Company, have vested and been issued to Yaniv Carmi. Yaniv sold 91,976 of these Ordinary Shares at a price of 1.51 pence per Ordinary Shares as part of an automatic process to cover the immediate tax obligation under US tax law. Following the issue of the RSUs and sale of Ordinary Shares, Yaniv holds a total of 604,074 vested RSUs or Ordinary Shares in the Company, representing 0.45 per cent. of the total voting rights.
The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. The below notification is made in accordance with the requirements of the EU Market Abuse Regulation.
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 | Tremor 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 | Total of 419,880 RSUs | ||||||||||
e) | Date of the transaction | 1 July and 3 July respectively | ||||||||||
f) | Place of the transaction | London AIM | ||||||||||
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 | Tremor 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 | See above | ||||||
e) | Date of the transaction | 1 July and 3 July respectively | ||||||
f) | Place of the transaction | London AIM | ||||||
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 | Tremor 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 | See above | ||||
e) | Date of the transaction | 3 July 2020 | ||||
f) | Place of the transaction | London AIM | ||||
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 | Tremor 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 | See above | ||||
e) | Date of the transaction | 3 July 2020 | ||||
f) | Place of the transaction | London AIM | ||||
For further information please contact:
Tremor International Ltd Ofer Druker, Chief Executive Officer Sagi Niri, Chief Financial Officer
| Tel: +972 3 545 3900 |
finnCap Ltd (Nominated Adviser) Corporate Finance - Jonny Franklin-Adams, James Thompson, Hannah Boros ECM - Tim Redfern, Richard Chambers
| Tel: +44 (0)20 7220 0500 |
Vigo Communications (Financial Public Relations) Jeremy Garcia Antonia Pollock Charlie Neish tremor@vigocomms.com | Tel: +44 (0)20 7390 0230 |
About Tremor International
Tremor International Ltd is a global leader in advertising technologies, it has three core divisions: Tremor Video, RhythmOne and Unruly.
Tremor Video helps advertisers deliver impactful brand stories across all screens through the power of innovative video technology combined with advanced audience data and captivating creative. Tremor Video is one of the largest and most innovative video advertising companies in North America, with offerings in CTV, in stream, and in-app.
The media side of Tremor, RhythmOne, drives real business outcomes in multiscreen advertising. Its highly ranked programmatic platform efficiently and effectively delivers performance, quality, and actionable data to demand and supply-focused clients and partners.
Unruly is a strong video marketplace with more than 2,000 direct integrations with publishers, unique demand relationships with the world's biggest advertisers and privileged access to News Corp inventory. Unruly works with 95% of the AdAge 100 and 82% of video views are delivered across Comscore 1,000 sites.
Tremor International Ltd is headquartered in Israel and maintains offices throughout the US and Canada, Europe, Asia-Pacific and Australia and is traded on the London Stock Exchange (AIM: TRMR).