Director Dealing, Transaction in own shares & TVR

RNS Number : 5372A

Taptica International Ltd

30 May 2019

 

30 May 2019

Taptica International Ltd

("Taptica" or the "Company")

Director Dealing, Transaction in own shares and Total Voting Rights

Taptica (AIM: TAP), a global end-to-end mobile advertising platform, announces the issue and allotment of an aggregate of 8,761 ordinary shares of NIS 0.01 each in the Company ("New Ordinary Shares") to Ronni Zehavi, a Non-Executive Director of the Company, to satisfy Mr. Zehavi's pre-approved director fees for the three-month period ended 20 August 2018, 20 November 2018, 20 February 2019 and 31 March 2019 as defined by the terms of his employment. The New Ordinary Shares will be issued at a price based on the closing share price of the Company's ordinary shares in the trailing 30 days up to the period end on AIM as follows:

Period ended	Number of ordinary shares	Price
20 August 2018	1,952	3.20
20 November 2018	1,997	3.13
20 February 2019	3,353	1.86
31 March 2019	1,459	1.78

Following this announcement, Mr Zehavi holds 45,137 ordinary shares in the Company, representing 0.03 per cent. of the Company's issued ordinary share capital.

Application has been made to the London Stock Exchange for admission of the 8,761 New Ordinary Shares to trading on AIM ("Admission"). It is expected that Admission will take place on 4 June 2019. The New Ordinary Shares will rank pari passu with the Company's existing issued ordinary shares.

Share buyback-transaction in own shares

The Company also announces that on 29 May 2019 it bought-back 50,000 ordinary shares of NIS0.01 each in the capital of the Company ("Ordinary Shares") in the market at a price of 139.2 pence per Ordinary Share. The Ordinary Shares acquired pursuant to the Buyback Programme will be reclassified as dormant shares under the Israeli Companies Law (without any rights attached thereon) and will be held in treasury.

Total Voting Rights

Following the issue and allotment of the New Ordinary Shares, the total issued share capital of the Company is 128,161,115 ordinary shares each with one vote and [15,448,441] shares reclassified as dormant shares under the Israeli Companies Law (without any rights attached thereon). Therefore, the total number of shares with voting rights is [128,161,115]. This figure represents the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ronni Zehavi
2.	Reason for the Notification
a)	Position/status	Non-Executive Director
b)	Initial notification/Amendment	Initial
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Taptica 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	Grant of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 3.20 1,952 3.13 1,997 1.86 3,353 1.78 1,459
d)	Aggregated information: ·    Aggregated volume ·    Price	See above
e)	Date of the transaction	29 May 2019
f)	Place of the transaction	Outside of trading venue

For further information or enquiries please contact:

Taptica International Ltd	Tel: [phone]
Tim Weller, Non-Executive Chairman Yaniv Carmi, Chief Financial Officer
finnCap Ltd Jonny Franklin-Adams James Thompson Hannah Boros	Tel: [phone]
Vigo Communications Jeremy Garcia Antonia Pollock Charlie Neish	Tel: [phone]

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014. The Company confirms that it is no longer in possession of any unpublished price sensitive information.

About Taptica

Taptica International Ltd is a global leader in advertising technologies, operating in more than 70 countries. It has three core divisions: Tremor Video DSP (brand advertising), Taptica (performance advertising) and a Media division.

Tremor Video DSP helps advertisers deliver impactful brand stories across all screens through the power of creative video intelligence-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, influencer marketing, and private marketplaces.

The Taptica performance business is an end-to-end mobile technology advertising platform that helps the world's top brands reach their most valuable users with the widest range of traffic sources available today. Its proprietary technology leverages big data to target quality media at scale. It works with more than 600 advertisers including Amazon, Alibaba, Bytedance, Netmarble, Stubhub and OpenTable.

Taptica International Ltd is headquartered in Israel and maintains offices throughout the US and Canada, Asia-Pacific, Europe, India, and Latin America, and is traded on the London Stock Exchange (AIM: TAP).

 

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