TIDMTRMR
RNS Number : 1439F
Tremor International Ltd
14 July 2021
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION
Tremor Announces Exercise of Over-allotment Option
NEW YORK, NEW YORK, July 14, 2021 - Tremor International Ltd.
("Tremor"), a global company offering an end-to-end software
platform that enables advertisers to reach relevant audiences and
publishers to maximize yield on their digital advertising
inventory, announces that the underwriters of its offering of
American Depositary Shares ("ADSs")(the "Offering"), have given
notice to Tremor that they are exercising in full their
over-allotment option. The underwriters have elected to purchase an
additional 1,015,342 ADSs at the Offering price of $19.00 per ADS,
raising approximately an additional $19.3 million in gross proceeds
for Tremor and bringing the total gross proceeds of the Offering to
approximately $147.9 million. Closing of the full exercise of the
over-allotment option is expected to occur on July 15, 2021,
subject to customary closing conditions.
All ADSs sold in the Offering were sold by Tremor and are
trading on the NASDAQ Global Market under the ticker symbol "TRMR".
Tremor's ordinary shares are admitted to trading on the AIM market
of the London Stock Exchange ("AIM") under the symbol "TRMR". Each
ADS represents two ordinary shares of Tremor.
RBC Capital Markets and Stifel acted as the lead book-running
managers for the Offering. JMP Securities, Needham & Company
and Raymond James are acting as co-managers for the Offering.
Application has been made for the 2,030,684 ordinary shares of
Tremor underlying the ADSs to be issued pursuant to the full
exercise of the over-allotment option to be admitted to trading on
AIM, and it is expected that admission will become effective and
dealings in the ordinary shares will commence at 8:00 a.m.
(Greenwich Mean Time) on July 16, 2021.
Following the closing of the full exercise of the over-allotment
option, the issued share capital of Tremor is 151,778,852 ordinary
shares, and this figure may be used by shareholders as a
denominator for the calculations by which they will determine if
they are required to notify their interest in, or change to their
interest in, Tremor under the Disclosure Guidance and Transparency
Rules published by the Financial Conduct Authority.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission on
June 17, 2021. The Offering was made only by means of a prospectus.
Copies of the final prospectus relating to and describing the terms
of the Offering may be obtained from the offices of RBC Capital
Markets, LLC, 200 Vesey Street, 8th Floor, New York, NY 10281-8098;
Attention: Equity Syndicate, or by telephone at +1 877-822-4089, or
by e-mail at equityprospectus@rbccm.com; or from Stifel, Nicolaus
& Company, Incorporated, Attention: Prospectus Department, One
Montgomery Street, Suite 3700, San Francisco, CA 94104, or by
telephone at +1 (415) 364-2720 or by email at
syndprospectus@stifel.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of,
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of such state or
jurisdiction.
Forward Looking Statements
This press release contains forward-looking statements. All
statements contained in this press release that do not relate to
matters of historical fact should be considered forward-looking
statements, including without limitation statements regarding
Tremor's plans to conduct the Offering.
These forward-looking statements are based on management's
current expectations. These statements are neither promises nor
guarantees but involve known and unknown risks, uncertainties and
other important factors that may cause Tremor's actual results,
performance or achievements to be materially different from its
expectations expressed or implied by the forward-looking
statements, including, but not limited to, the following:
conditions in the U.S. capital markets, negative global economic
conditions, potential negative developments in the COVID-19
pandemic, other negative developments in Tremor's business or
unfavorable legislative or regulatory developments.
These and other important factors could cause actual results to
differ materially from those indicated by the forward-looking
statements made in this press release. Any such forward-looking
statements represent management's estimates as of the date of this
press release. While Tremor may elect to update such
forward-looking statements at some point in the future, Tremor
disclaims any obligation to do so, even if subsequent events cause
its views to change. These forward-looking statements should not be
relied upon as representing Tremor's views as of any date
subsequent to the date of this press release .
For further information please contact:
Tremor International Ltd via Vigo Consulting
Ofer Druker, Chief Executive Officer
Sagi Niri, Chief Financial Officer
RBC Capital Markets LLC Tel: +1 877-822-4089
Stifel Nicolaus Europe Limited Tel: +44 20 7710 7600
Fred Walsh
Alain Dobkin
Nick Adams
Richard Short
Vigo Consulting Tel: +44 20 7390 0230
Jeremy Garcia
Antonia Pollock
Tel: +44 20 7220 0500
finnCap Ltd
Jonny Franklin-Adams / James Thompson (Corporate
Finance)
Tim Redfern / Dicky Chambers (ECM)
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