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On May 3, 2022, Tremor International Ltd announced that Chief Executive Officer Ofer Druker sold a total of 110,600 Ordinary Shares in transactions on April 28, 29, and May 2, 2022. These sales, conducted on the NASDAQ Global Market at prices ranging from $5.77 to $6.01 per share, aggregated to $655,523.30 and were made to cover tax obligations. Following these transactions, Mr. Druker holds 3,493,251 Ordinary Shares, representing 2.26% of the company's total voting rights.
| Date | 3 May 2022 |
| Time | 15:15:02 |
| Category | Director/PDMR dealings |
| ID | 1575K |
3 May 2022
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, Ofer Druker, Chief Executive Officer, has sold shares (the "Share Sale") of NIS0.01 each in the capital of the Company ("Ordinary Shares") in order to cover the tax obligations triggered by the vesting of PSUs announced on 20 April 2022. Full details of the Share Sale are detailed in the table below.
The Ordinary Shares were sold on the NASDAQ Global Market in order to cover part of the tax obligations of the Chief Executive Officer 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.
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Director |
Position |
Ordinary Shares Sold |
Share Sale Price |
Resultant Holding |
% of total voting rights |
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Ofer Druker |
Chief Executive Officer |
32,000 42,800 35,800 |
$5.99 $5.77 |
3,493,251 |
2.26% |
For further information please contact:
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Tremor International Ltd Billy Eckert, Investor Relations Director
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KCSA (US Investor Relations) Adam Holdsworth
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Vigo Consulting (UK Financial PR and Investor Relations) Jeremy Garcia Kate Kilgallen
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Tel: +44 20 7390 0230
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finnCap Ltd Jonny Franklin-Adams / James Thompson (Corporate Finance) Tim Redfern / Dicky Chambers (ECM)
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Tel: +44 20 7220 0500 |
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Stifel Nicolaus Europe Limited Fred Walsh Alain Dobkin Nick Adams Richard Short
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Tel: +44 20 7710 7600
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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
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.co
Tremor is headquartered in Israel and maintains offices throughout the United States, Canada, Europe, Asia-Pacific and is traded on the London Stock Exchange (AIM: TRMR) and NASDAQ (TRMR).
For more information visit: https://www.tremorinternational.com/
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Ofer Druker |
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2. |
Reason for the Notification |
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a) |
Position/status |
Chief Executive Officer |
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b) |
Initial notification/Amendment |
Initial |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Tremor International Ltd |
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b) |
LEI |
213800ZNSR7AIJZ2J557 |
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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 |
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a) |
Description of the Financial instrument, type of instrument |
Ordinary Shares of NIS 0.01 each |
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Identification code |
IL0011320343 |
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b) |
Nature of the transaction |
Sale of Ordinary Shares |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information: · Aggregated volume · Price |
$655,523.30
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e) |
Date of the transaction |
28 April 2022 29 April 2022 2 May 2022 |
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f) |
Place of the transaction |
NASDAQ Global Market |
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