TIDMTRMR
RNS Number : 6296J
Tremor International Ltd
14 April 2020
14 April 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 2019
in relation to the RhythmOne acquisition) 1,607,592 RSUs belonging
to Ofer Druker, CEO of the Company, have vested and accordingly,
698,518 Ordinary Shares were sold on 1 April 2020, 2 April 2020, 6
April 2020 and April 8 2020, at range of 1.3-1.38 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 1,970,632 vested RSUs or Ordinary Shares in
the Company, representing 1.48 per cent. of the total voting
rights.
In addition to the above, 625,437 time based RSUs over Ordinary
Shares granted to Yaniv Carmi, COO of the Company, have vested and
been issued to Yaniv Carmi. Yaniv sold 312,718 of these Ordinary
Shares at a price of 1.2 pence per Ordinary Shares on 8 April 2020.
Following the issue of the RSUs and sale of Ordinary Shares, Yaniv
holds a total of 512,098 vested RSUs or Ordinary Shares in the
Company, representing 0.38 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 R estricted Stock Units over Ordinary
Financial instrument, Shares of NIS 0.01 each
type of instrument
Identification code IL0011320343
------------------------------- --------------------------------------
b) Nature of the transaction Vesting of RSUs
------------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
n/a 413,064
----------
n/a 129,082
----------
n/a 75,036
----------
n/a 81,336
----------
------------------------------- --------------------------------------
d) Aggregated information: Total of 698,518 RSUs
* Aggregated volume
* Price
------------------------------- --------------------------------------
e) Date of the transaction 1nd April 2020, April 2 2020, April
6 2020 , April 8 2020 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 Ordinary Shares of NIS 0.01 each
Financial instrument,
type of instrument
Identification code IL0011320343
------------------------------- ------------------------------------
b) Nature of the transaction Sale of Ordinary Shares
------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1.30 413,064
----------
1.38 129,082
----------
1.34 75,036
----------
1.36 81,336
----------
------------------------------- ------------------------------------
d) Aggregated information: See above
* Aggregated volume
* Price
------------------------------- ------------------------------------
e) Date of the transaction 1 April 2020, 2 April 2020, 6 April
2020, April 8 2020 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 R estricted Stock Units over Ordinary
Financial instrument, Shares of NIS 0.01 each
type of instrument
Identification code IL0011320343
------------------------------- --------------------------------------
b) Nature of the transaction Vesting of RSUs
------------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
n/a 312,718
----------
------------------------------- --------------------------------------
d) Aggregated information: See above
* Aggregated volume
* Price
------------------------------- --------------------------------------
e) Date of the transaction 8 April 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 Ordinary Shares of NIS 0.01 each
Financial instrument,
type of instrument
Identification code IL0011320343
-------------------------------- ---------------------------------
b) Nature of the transaction Sale of Ordinary Shares
-------------------------------- ---------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1.2 312,718
----------
-------------------------------- ---------------------------------
d) Aggregated information: See above
* Aggregated volume
* Price
-------------------------------- ---------------------------------
e) Date of the transaction 8 April 2020
-------------------------------- ---------------------------------
f) Place of the transaction London AIM
-------------------------------- ---------------------------------
For further information please contact:
Tremor International Ltd Tel: +972 3 545 3900
Ofer Druker, Chief Executive Officer
Sagi Niri, Chief Financial Officer
finnCap Ltd (Nominated Adviser) T el: +44 (0)20 7220
Corporate Finance - Jonny Franklin-Adams, James 0500
Thompson, Hannah Boros
ECM - Tim Redfern, Richard Chambers
Vigo Communications (Financial Public Relations) Tel: +44 (0)20 7390
Jeremy Garcia 0230
Antonia Pollock
Charlie Neish
tremor@vigocomms.com
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).
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
April 14, 2020 11:20 ET (15:20 GMT)