Director Update and Appointment of Interim CEO

RNS Number : 4516J

Taptica International Ltd

05 December 2018

 

5 December 2018

Taptica International Ltd

("Taptica" or the "Company")

Director Update and Appointment of Interim CEO

Further to the Company's announcement on 3 December 2018, Taptica (AIM: TAP), a global leader in advertising technologies for performance-based mobile marketing and brand advertising, announces that the Board has accepted the resignation of Hagai Tal as Chief Executive Officer and a Director of the Company with immediate effect. Mr. Tal will remain with the Company as long as necessary to ensure minimal disruption to the business.

The Board confirms that the impact of the court's ruling against Mr. Tal bears no direct impact on Taptica from a structural, financial or operational point of view.

The Board is pleased to announce the appointment of Rivi Bloch, the current Division Chief Executive Officer of the Taptica Performance Advertising business, as Interim Chief Executive Officer (non-Board) of the Company, reporting directly to the Board. Ms Bloch, who has been with the Company since 2013, will serve in this position while the Board undertakes a search for a permanent Chief Executive Officer, and it intends to consider internal as well as external candidates for this role. The Company will update the market in due course.

Tim Weller, Chairman of the Company, said: "After due deliberation, the Board has accepted the resignation of Hagai Tal. The Board is grateful that he moved promptly to put Taptica's interests ahead of his own by tendering his resignation immediately. We are also pleased to be able to confirm that he is staying on to ensure minimal disruption to the operations of the Company.

"Taptica has such strength and depth in its senior management team that we are not short of viable candidates to take the Company forward. We are delighted to appoint Rivi Bloch as interim CEO. She has been with us for the past five years and has been instrumental in growing Taptica's global presence and offering while maintaining an exceptional level of service. We look forward to benefitting from her experience as we move ahead."

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 The Company confirms that it is no longer in possession of any unpublished price sensitive information.

For further information please contact:

Taptica	[phone]
Tim Weller, Non-Executive Chairman Yaniv Carmi, Chief Financial Officer
finnCap	[phone]
Corporate Finance: Jonny Franklin Adams, James Thompson, Hannah Boros
Corporate Broking: Tim Redfern
Berenberg	[phone]
Chris Bowman, Mark Whitmore, Laure Fine
Luther Pendragon	[phone]
Harry Chathli, Claire Norbury

About Taptica

Taptica International Ltd is a global leader in advertising technologies that operates in more than 70 countries. It has two revenue streams: performance-based marketing, provided by its Taptica business, and brand advertising, provided by its Tremor Video DSP business.

The Taptica 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 and, combined with state-of-the-art machine learning, enables quality media targeting at scale. It works with more than 600 advertisers including Amazon, Disney, Twitter, OpenTable, Expedia and Zynga.

Tremor Video DSP is the leading programmatic video platform, matching advertisers with audiences - wherever they may be. Delivering custom video experiences across all screens, Tremor Video DSP helps advertisers tell captivating brand stories to create meaningful, personalised moments with prospective customers. Tremor Video DSP works with the top agencies and advertisers in the US.

Taptica International Ltd is headquartered in Israel with offices in San Francisco, New York, Tokyo (Adinnovation), Beijing, Seoul and London, and is traded on the London Stock Exchange (AIM: TAP).

 

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