24 Dec 2021 07:00
24 December 2021
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), a global leader in Video and Connected TV ('CTV') advertising, offering an end-to-end technology platform that enables advertisers to reach relevant audiences and publishers to maximize yield on their digital advertising inventory, 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 order to cover the tax obligations triggered by the vesting of the RSUs, certain Directors have also sold shares (the "Share Sale") of NIS0.01 each in the capital of the Company of the Directors. Full details of the Share Sale are detailed in the table below.
The Ordinary Shares were sold on the NASDAQ Global Market in order to cover the tax obligations of certain Directors 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.
Director | Position | Ordinary Shares Issued | Ordinary Shares Sold | Share Sale Price | Resultant Holding | % of total voting rights |
Ofer Druker | Chief Executive Officer | 218,750 | 109,376 | $7.25 | 2,851,081 | 1.85% |
Yaniv Carmi | Chief Operating Officer | 96,250 | 48,126 | $7.25 | 1,207,399 | 0.78% |
Sagi Niri | Chief Financial Officer | 78,750 | - | - | 255,150 | 0.17% |
This announcement also includes a report on the sale of 728 Ordinary Shares by Ofer Druker on 9 November 2021 at $10.01 per Ordinary Share, which were not included by a clerical mistake in the Company's announcement of 12 November 2021. Ofer Druker's current resultant holding remains as stated in the table above.
For further information please contact:
Tremor International Ltd Billy Eckert, Investor Relations ir@tremorinternational.com
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KCSA (U.S. Investor Relations) Adam Holdsworth, Investor Relations aholdsworth@kcsa.com
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Vigo Consulting (U.K. Financial PR & Investor Relations) Jeremy Garcia Antonia Pollock Tel: +44 20 7390 0230 or tremor@vigoconsulting.com
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finnCap Ltd Jonny Franklin-Adams / James Thompson (Corporate Finance) Tim Redfern / Dicky Chambers (ECM) Tel: +44 20 7220 0500
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Stifel Nicolaus Europe Limited Fred Walsh Alain Dobkin Nick Adams Richard Short Tel: +44 20 7710 7600 | |
About Tremor International
Tremor is a global company offering an end-to-end technology advertising platform, operating across three core capabilities - Video, Data and CTV. Tremor International's unique approach is centered on offering a full stack of end-to-end solutions which provides it with a major competitive advantage within the video advertising ecosystem.
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 content. Tremor Video's innovative video advertising technology has offerings in CTV, in-stream, out-stream and in-app.
The media side of Tremor International, Unruly, drives real business outcomes in multiscreen advertising. Its programmatic platform efficiently and effectively delivers performance, quality, and actionable data to demand and supply-focused clients and partners. Tremor International has a meaningful number of direct integrations with publishers, unique demand relationships with a variety of advertisers and privileged access to News Corp inventory. Unruly connects to the world's largest DSPs and is compatible with most Ad Age top 100 brands.
Tremor International is headquartered in Israel and maintains offices throughout the United States, Canada, Europe, Asia-Pacific and Australia and is traded on the London Stock Exchange (AIM: TRMR) and NASDAQ (TRMR).
For more information visit: https://www.tremorinternational.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 | 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 December 2021 | ||||
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 | 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 December 2021 | ||||
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 | 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 December 2021 | ||||||
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 | 109,376 Ordinary Shares $792,976.00 | ||||
e) | Date of the transaction | 22 December 2021 | ||||
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 | 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 $348,913.50 | ||||
e) | Date of the transaction | 22 December 2021 | ||||
f) | Place of the transaction | NASDAQ Global Market | ||||