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1 Apr 2020 07:00
THE FOLLOWING ANNOUNCEMENT IS BEING MADE PURSUANT TO THE REQUIREMENTS OF RULE 19.6(C) OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE"), WHICH, INTER ALIA, REQUIRES A PARTY TO AN OFFER TO MAKE AN ANNOUNCEMENT AT THE END OF A PERIOD OF 12 MONTHS FROM THE DATE ON WHICH THE OFFER PERIOD ENDED CONFIRMING WHETHER IT HAS TAKEN, OR NOT TAKEN, THE COURSE OF ACTION SET OUT IN ITS STATED INTENTIONS.
01 April 2020
Tremor International Ltd
("Tremor" or the "Company")
Rule 19.6(c) confirmation with respect to stated post-offer intentions with regard to RhythmOne Plc
On 1 April 2019, the recommended offer by the Company for the entire issued and to be issued ordinary share capital of RhythmOne plc ("RhythmOne"), which was effected by way of a scheme of arrangement under Part 26 of the Companies Act 2006, completed. The announcement by the Company pursuant to Rule 2.7 of the Code on 4 February 2019 and the subsequent scheme document dated 25 February 2019 included statements of intent pursuant to Rules 2.7(c)(iv) and 24.2 of the Code (the "Published Intentions").
On 4 July 2019, pursuant to Rule 19.6(b) of the Code, the Company announced that it had taken a different course of action from the Published Intentions (the "Revised Intentions").
The Company confirms, in accordance with the requirements of Rule 19.6(c) of the Code, that its board of directors has duly confirmed in writing to The Panel on Takeovers and Mergers that the Company has complied with the Published Intentions and Revised Intentions as appropriate.
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 multiple 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).
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