Adgorithms Limited Notice of AGM and Grant of Options (0688F)
May 15 2017 - 2:01AM
UK Regulatory
TIDMADGO
RNS Number : 0688F
Adgorithms Limited
15 May 2017
15 May 2017
ADGORITHMS LTD
(the "Company")
Notice of AGM and Grant of Options
Adgorithms Ltd (AIM: ADGO), a software company operating in the
high growth online advertising market, announces that it will be
holding its Annual General Meeting at 10.00 a.m. (London time) /
12.00 p.m. (Tel Aviv time) on 22 June 2017 at the offices of Berwin
Leighton Paisner LLP, Adelaide House, London Bridge, London EC4R
9HA.
The Notice includes special majority resolutions to approve the
grant of options over, in aggregate, 617,253 ordinary shares to
Yoram Freund, the Company's Chief Financial Officer, pursuant to
the Adgorithms Ltd. 2013 Israeli Share Option Plan. All of the
options will be exercisable at a price of 24.4 pence (equal to
1.113 NIS or 0.315 U.S. dollars), based on the average closing
price of the Company's shares for the 60 trading days preceding the
close of business on 12 May 2017, and will be subject to vesting
conditions.
Following the grant of options to Mr. Freund and certain
employees of the Company, there will be outstanding options over a
total of 6,320,850 ordinary shares representing approximately
10.24% of the current issued share capital of the Company.
The Notice of Annual General Meeting, Form of Proxy and/or Form
of Direction have been sent to shareholders and will shortly be
available to download from the Company's website at
http://adgorithms.com/investor-relations/.
For further information, please contact:
Adgorithms +972 3537 7137
Or Shani, Chief Executive
Officer
Yoram Freund, Chief Financial
Officer
www.adgorithms.com
Liberum (NOMAD and Broker) +44 20 3100 2000
Neil Patel / Chris Clarke
www.liberum.com
Bell Pottinger +44 203 772 2556
Elly Williamson / Joanna adgorithms@bellpottinger.com
Davidson
www.bellpottinger.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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