Transfer in Significant Shareholding

RNS Number : 1914G

Taptica International Ltd

03 August 2016

 

3 August 2016

Taptica International Ltd

("Taptica" or the "Company")

Transfer in Significant Shareholding

Taptica (AIM: TAP), a global end-to-end mobile advertising platform for advertising agencies and brands, announces that it has been notified that IPE Interactive Investment Ltd ("IPE") (formerly Marimedia Holdings Ltd), which held 21,206,250 ordinary shares (the "Shares") in the Company representing 35.1% of the total issued share capital, is in the process of being liquidated and its shareholdings in the Company have been transferred between the joint owners of IPE, Mr Hagai Tal (Chief Executive Officer and a Director of Taptica) and Mr Ehud Levy, at a price of 77.48p per share, which represents the average closing price on AIM over the 90 days prior to the transaction. Until the liquidation process is completed, which is expected to occur within the next 12 months, the Shares will be held in trust by Eitan Epstein and Shirley Dahan Trust.

Mr Tal, through his direct and indirect holdings, remains the beneficial owner of 11,075,509 ordinary shares representing 18.3% of the issued share capital of the Company. Mr Levy, through his direct and indirect holdings, remains the beneficial owner of 11,075,509 ordinary shares representing 18.3% of the issued share capital of the Company.

The shareholdings in Taptica were the sole active asset of IPE.

For further details:

Taptica Hagai Tal, Chief Executive Officer                                 Investec Bank Dominic Emery, Henry Reast, Junya Iwamoto    Luther Pendragon Harry Chathli, Claire Norbury

[phone] [phone] [phone]

About Taptica

Taptica is a global end-to-end mobile advertising platform that helps the world's top brands reach their most valuable users with the widest range of traffic sources available today, including social. Its proprietary technology leverages big data and, combined with state-of-the-art machine learning, enables quality media targeting at scale. Taptica creates a single arena in which brands can scale and engage more relevantly with mobile audiences, staying ahead of the competition. It works with more than 450 advertisers including Amazon, Disney, Facebook, Twitter, OpenTable, Expedia, Lyft and Zynga. Taptica is headquartered in Israel with offices in San Francisco, New York, Boston, Beijing and Seoul. Taptica is traded on the London Stock Exchange (AIM: TAP).

 

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