Director Dealing

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 Financial instrument, type of instrument

R estricted 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

413,064

n/a

129,082

n/a

75,036

n/a

81,336

 

d)

Aggregated information:

· Aggregated volume

· Price

Total of 698,518RSUs

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 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)

1.30

413,064

1.38

129,082

1.34

75,036

1.36

81,336

 

d)

Aggregated information:

· Aggregated volume

· Price

See above

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 Financial instrument, type of instrument

R estricted 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

312,718

 

d)

Aggregated information:

· Aggregated volume

· Price

See above

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 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)

1.2

312,718

 

d)

Aggregated information:

· Aggregated volume

· Price

See above

e)

Date of the transaction

8 April 2020

f)

Place of the transaction

London AIM

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

 

 

T el: +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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