7 May 2024
Nexxen
International Ltd
("Nexxen" or
the "Company")
Director Dealings Pursuant to Previously Established
Non-Discretionary Plans to Trade Under Rule 10b-5
Nexxen International Ltd.
(AIM/NASDAQ: NEXN), a global, unified advertising
technology platform with deep expertise in video and Connected TV
("CTV"), announces that 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,
has sold shares (the "Share
Sale") of NIS0.01 each in the capital of the Company, in
order to cover the tax obligations triggered by the vesting of RSUs
announced on 26 March 2024. Full details of the Share Sale are
detailed in the table below.
Director
|
Position
|
Ordinary Shares
Sold
|
Share Sale
Price
|
Resultant
Holding
|
% of total voting
rights
|
Ofer Druker
|
Chief Executive Officer
|
7,132
2,324
8,524
9,248
6,150
7,832
2,384
6,102
4,080
1,594
3,378
|
$2.6101
$2.6054
$2.6179
$2.8049
$2.8242
$2.8310
$2.7694
$2.8511
$2.8271
$2.8279
$2.8741
|
4,416,379
|
3.17%
|
For further
information please contact:
Nexxen International
Ltd.
Billy Eckert, Vice President of Investor
Relations
ir@nexxen.com
Caroline Smith, Vice President of Communications
csmith@nexxen.com
KCSA
(U.S. Investor Relations)
David Hanover, Investor Relations
nexxenir@kcsa.com
Vigo
Consulting (U.K. Financial PR & Investor
Relations)
Jeremy Garcia
Peter Jacob
Aisling Fitzgerald
Tel: +44 20 7390 0230
or nexxen@vigoconsulting.com
Cavendish Capital
Markets Limited
Jonny Franklin-Adams / Charlie Beeson / George Dollemore
(Corporate Finance)
Tim Redfern / Harriet Ward (ECM)
Tel: +44 20 7220 0500
About Nexxen
International
Nexxen International empowers advertisers,
agencies, publishers and broadcasters around the world to utilize
video and Connected TV in the ways that are most meaningful to
them. Comprised of a demand-side platform (DSP), supply-side
platform (SSP), ad server and data management platform (DMP),
Nexxen delivers a flexible and unified technology stack with
advanced and exclusive data at its core. Our robust capabilities
span discovery, planning, activation, measurement, and optimization
- available individually or in combination - all designed to enable
our partners to reach their goals, no matter how far-reaching or
hyper niche they may be. For more information, visit
nexxen.com.
Nexxen 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:
NEXN) and NASDAQ (NEXN).
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
|
Nexxen 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
|
Sale of Ordinary Shares
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
$2.6101
$2.6054
$2.6179
$2.8049
$2.8242
$2.8310
$2.7694
$2.8511
$2.8271
$2.8279
$2.8741
|
7,132
2,324
8,524
9,248
6,150
7,832
2,384
6,102
4,080
1,594
3,378
|
|
d)
|
Aggregated information:
· Aggregated volume
· Price
|
58,748 Ordinary Shares
$162,215.17
|
e)
|
Date of the transaction
|
8 April 2024
9 April 2024
10 April 2024
11 April 2024
12 April 2024
15 April 2024
16 April 2024
17 April 2024
18 April 2024
19 April 2024
22 April 2024
|
f)
|
Place of the transaction
|
NASDAQ Global Market
|