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 Fitzgerald
Tel: +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)
|
|
Price(s)
|
Volume(s)
|
|
n/a
|
218,750
|
|
|
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)
|
|
Price(s)
|
Volume(s)
|
|
$2.4656
|
1,572
|
|
$2.4306
|
4,058
|
|
|
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)
|
|
Price(s)
|
Volume(s)
|
|
n/a
|
96,250
|
|
|
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)
|
|
Price(s)
|
Volume(s)
|
|
$2.4679
$2.4322
|
10,196
37,930
|
|
|
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)
|
|
Price(s)
|
Volume(s)
|
|
n/a
|
78,750
|
|
|
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
|