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Tremor International - Director Dealings

March 27, 2023
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RNS Number : 3477U
Tremor International Ltd
27 March 2023
 

27 March 2023

Tremor International Ltd

("Tremor" or the "Company")

 

Director Dealings Pursuant to Previously Established Non-Discretionary Plans to Trade Under Rule 10b-5

 

Tremor International Ltd. (AIM/NASDAQ: TRMR) ("Tremor" or the "Company"), a global leader in Video, Data, and Connected TV ("CTV") advertising offering an end-to-end technology platform that enables advertisers to optimize their campaigns and media partners to maximize yield on their digital advertising inventory, 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") 463,750 RSUs over Ordinary Shares have vested and been issued to certain Directors of the Company as set out in the table below.

 

In addition, pursuant to previously established non-discretionary plans to trade in the Company's Ordinary Shares in accordance with the terms of Rule 10b5-1 promulgated under the U.S. Securities Exchange Act of 1934, as amended (the "Rule 10b5-1 Plans"), Ofer Druker, the Company's Chief Executive Officer, and Yaniv Carmi, the Company's Chief Operating Officer, have sold Ordinary Shares (the "Share Sale") in order to cover the tax obligations triggered by the vesting of RSUs. Full details of the Share Sale are detailed in the table below.

 

Director

Position

Ordinary Shares Issued

Ordinary Shares Sold

Share Sale Price

Resultant Holding

% of total voting rights

Ofer Druker

Chief Executive Officer

218,750

6,384

14,354

3,520

$2.74

$2.70

$2.61

3,957,255

2.78%

Yaniv Carmi

Chief Operating Officer

96,250

36,016

12,110

$2.75

$2.69

1,775,791

1.25%

Sagi Niri

Chief Financial Officer

148,750

-

-

993,900

0.70%

 

 

For further information please contact:

 

Tremor International Ltd.

Billy Eckert, Senior Director Investor Relations
ir@tremorinternational.com

 

KCSA (U.S. Investor Relations)
David Hanover, Investor Relations
tremorir@kcsa.com

 

Vigo Consulting (U.K. Financial PR & Investor Relations)
Jeremy Garcia / Kate Kilgallen

Tel: +44 20 7390 0230 or tremor@vigoconsulting.com

 

finnCap Ltd.
Jonny Franklin-Adams / Charlie Beeson / George Dollemore (Corporate Finance)
Tim Redfern / Harriet Ward (ECM)
Tel: +44 20 7220 0500

 

Stifel Nicolaus Europe Limited
Fred Walsh / Alain Dobkin / Nick Adams / Richard Short

Tel: +44 20 7710 7600

 

About Tremor International

 

Tremor is a global company offering an end-to-end technology advertising platform, operating across three core capabilities - Video, Data, and CTV. Tremor's unique approach is centered on offering a full stack of end-to-end solutions which provides it with a major competitive advantage within the video advertising ecosystem.

 

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 content. Tremor Video's innovative video advertising technology has offerings in CTV, in-stream, out-stream, and in-app. To learn more, visit www.tremorvideo.com    

 

Amobee optimizes outcomes for advertisers and media companies, while providing a better consumer experience. Its platform assists customers by furthering their audience development, optimizing their cross-channel performance across TV, connected TV, and digital media, and driving new customer growth through detailed analytics and reporting. To learn more, visit www.amobee.com

 

Unruly, the media side of Tremor, drives real business outcomes in multiscreen advertising. Its programmatic platform efficiently and effectively delivers performance, quality, and actionable data to demand and supply-focused clients and partners. Tremor has a meaningful number of direct integrations with premium publishers, unique demand relationships with a variety of advertisers, and privileged access to News Corp inventory. Unruly connects to the world's largest DSPs and is compatible with most Ad Age top 100 brands. To learn more, visit www.unruly.com

 

Tremor is headquartered in Israel and maintains offices throughout the United States, Canada, Europe, and Asia-Pacific and is traded on the London Stock Exchange (AIM: TRMR) and NASDAQ (TRMR).

 

For more information, visit: https://www.tremorinternational.com/    

 

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

Restricted 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

218,750

d)

Aggregated information:

· Aggregated volume

· Price

 


218,750 Ordinary Shares

n/a

 

e)

Date of the transaction

22 March 2023

f)

Place of the transaction

NASDAQ Global Market

 

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)

$2.7375

$2.6991

$2.6076

6,384

14,354

3,520

d)

Aggregated information:

· Aggregated volume

· Price

 


See 4c) above

 

e)

Date of the transaction

22 March 2023

23 March 2023

24 March 2023

f)

Place of the transaction

NASDAQ Global Market

 

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

Restricted 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

96,250

d)

Aggregated information:

· Aggregated volume

· Price

 


96,250 Ordinary Shares

n/a

 

e)

Date of the transaction

22 March 2023

f)

Place of the transaction

NASDAQ Global Market

 

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)

$2.7540

$2.6915

36,016

12,110

d)

Aggregated information:

· Aggregated volume

· Price

 


See 4c) above

 

e)

Date of the transaction

22 March 2023

23 March 2023

f)

Place of the transaction

NASDAQ Global Market

 

1. 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Sagi Niri

2. 

Reason for the Notification

a)

Position/status

Chief Financial 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

Restricted 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

n/a

70,000

78,750

d)

Aggregated information:

· Aggregated volume

· Price

 


148,750 Ordinary Shares

n/a

 

e)

Date of the transaction

1 March 2023

22 March 2023

f)

Place of the transaction

NASDAQ Global Market

 

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