17 Nov 2023 13:20
17 November 2023
Tremor International Ltd
("Tremor" or the "Company")
Director Dealings Pursuant to Previously Established Non-Discretionary Plans to Trade Under Rule 10b-5
Tremor International Ltd. (AIM/NASDAQ: TRMR) ("Tremor" or the "Company"), a global leader in data-driven video and Connected TV ("CTV") advertising technology offering an end-to-end platform that enables advertisers to optimize their campaigns and media companies to maximize inventory yield, announces that in accordance with the vesting schedule for certain performance stock units over Ordinary Shares of NIS0.01 each in the capital of the Company ("PSUs" and "Ordinary Shares") 675,000 time-based PSUs 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, has sold Ordinary Shares (the "Share Sale") in order to cover the tax obligations triggered by the vesting of PSUs. 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 | 375,000 | 7,262 8,242 3,616 4,494 5,520 5,720 2,282 | $1.7885 $1.8584 $1.8362 $1.8205 $1.8286 $1.8326 $1.7918 | 4,390,361 | 3.04% |
Yaniv Carmi | Chief Operating Officer | 165,000 | - | - | 2,037,039 | 1.41% |
Sagi Niri | Chief Financial Officer | 135,000 | - | - | 1,286,400 | 0.89% |
For further information please contact:
Tremor International Ltd.
Billy Eckert, Vice President of Investor Relationsir@tremorinternational.com
KCSA (U.S. Investor Relations)David Hanover, Investor Relationstremorir@kcsa.com
Vigo Consulting (U.K. Financial PR & Investor Relations)Jeremy GarciaPeter JacobTel: +44 20 7390 0230 or tremor@vigoconsulting.com
Cavendish Capital Markets Ltd.Jonny Franklin-Adams / Charlie Beeson / George Dollemore (Corporate Finance)Tim Redfern / Harriet Ward (ECM)Tel: +44 20 7220 0500
About Tremor International
Tremor International, the parent company of the Nexxen portfolio of advertising technology products and platforms, 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), Tremor International, through its Nexxen-branded products and platforms, delivers a flexible and unified technology stack with advanced and exclusive data at its core. The Company's robust capabilities span discovery, planning, activation, measurement, and optimization - available individually or in combination - all designed to enable partners to reach their goals, no matter how far-reaching or hyper niche they may be.
Tremor International 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: TRMR) and NASDAQ (TRMR).
For more information, visit www.tremorinternational.com and to learn more about the Company's recent rebranding, please visit www.nexxen.com.
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 | Performance Stock Units over Ordinary Shares of NIS 0.01 each | ||||
Identification code | IL0011320343 | |||||
b) | Nature of the transaction | Vesting of PSUs | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: · Aggregated volume · Price |
375,000 Ordinary Shares n/a
| ||||
e) | Date of the transaction | 19 October 2023 | ||||
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 | 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 |
37,136 $67,790.81
| ||||
e) | Date of the transaction | 2 November 2023 3 November 2023 6 November 2023 7 November 2023 8 November 2023 9 November 2023 10 November 2023
| ||||
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 | 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 | Performance Stock Units over Ordinary Shares of NIS 0.01 each | ||||
Identification code | IL0011320343 | |||||
b) | Nature of the transaction | Vesting of PSUs | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: · Aggregated volume · Price |
165,000 Ordinary Shares n/a
| ||||
e) | Date of the transaction | 19 October 2023 | ||||
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 | 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 | Performance Stock Units over Ordinary Shares of NIS 0.01 each | ||||
Identification code | IL0011320343 | |||||
b) | Nature of the transaction | Vesting of PSUs | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: · Aggregated volume · Price |
135,000 Ordinary Shares n/a
| ||||
e) | Date of the transaction | 19 October 2023
| ||||
f) | Place of the transaction | NASDAQ Global Market | ||||