Albert Technologies Ltd Exercise and Grant of Options (1452A)
22 December 2017 - 6:00PM
UK Regulatory
TIDMALB
RNS Number : 1452A
Albert Technologies Ltd
22 December 2017
22 December 2017
ALBERT TECHNOLOGIES LTD
(the "Company")
Exercise and Grant of Options
Albert Technologies (AIM: ALB), a software company operating in
the high-growth online advertising market, announces both the
exercise of options by, and the grant of options to, certain
employees of the Company.
Exercise of options
Application has been made for the admission to AIM of 177,175
new Ordinary Shares of 0.01 NIS each ("Ordinary Shares") in the
Company. The new Ordinary Shares will rank pari passu with the
Company's existing issued Ordinary Shares and dealings are expected
to commence on 2 January 2018. The new Ordinary Shares were issued
pursuant to an exercise of options at an exercise price of 0.01 NIS
per share.
Following admission of the new Ordinary Shares to trading on
AIM, the total number of Ordinary Shares with voting rights in
issue will be 62,390,708 (the "Enlarged Issued Share Capital").
This figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure and Transparency Rules.
Grant of options
On 21 December 2017 certain employees of the Company were
granted options over, in aggregate, 323,000 ordinary shares,
pursuant to the Adgorithms Ltd. 2013 Israeli Share Option Plan. All
of the options will be exercisable at a price of 25.5 pence (equal
to 1.188 NIS or 0.341 U.S. dollars), based on the price of the
Company's shares at the close of business on 21 December 2017, and
will be subject to vesting conditions.
Following the grant and exercise of options to and by certain
employees of the Company, there will be outstanding options over a
total of 5,693,206 Ordinary Shares representing approximately
9.125% of the Enlarged Issued Share Capital of the Company.
For further information, please contact:
Albert Technologies Ltd. Tel: +972 3537 7137
Or Shani, Chief Executive Officer
Yoram Freund, Chief Financial
Officer
https://albert.ai/
Liberum (NOMAD and Broker) Tel: +44 20 3100
2000
Neil Patel / Chris Clarke /
Jonathan Wilkes-Green
About Albert Technologies Ltd.
Albert (AIM: ALB.L) is the first-ever fully autonomous
artificial intelligence marketing platform, driving digital
marketing campaigns from start to finish for some of the world's
leading brands. Albert's mission is to liberate businesses from the
complexities of digital marketing-not just by replicating their
existing efforts, but by executing them at a pace and scale not
previously possible. He serves as a highly intelligent and
sophisticated member of brands' marketing teams, wading through
mass amounts of data, converting this data into insights, and
autonomously acting on these insights, across channels, devices and
formats, in real time. This eliminates the manual and
time-consuming tasks that currently limit the effectiveness and
results of modern digital advertising and marketing. Brands such as
Harley Davidson, EVISU, The Big Red Group, and Dole Asia credit
Albert with significantly increased sales, an accelerated path to
revenue, the ability to make more informed investment decisions,
and reduced operational costs.
The Company's core focus is its SaaS Sales Channel, which offers
its artificial intelligence-based software, Albert, to brands using
a SaaS model. Albert Technologies Ltd. listed in 2015 to accelerate
both investment into and commercialisation of Albert.
The Company and Albert have received many awards in its short
existence, including two platinum MarCom awards and silver in the
Best in Biz awards 2016 for best new product of the year. Albert
was also named AI Application of the Year by The Global Annual
Achievement Awards for Artificial Intelligence.
About Albert
Albert replaces the human campaign manager in managing a brand's
online advertising campaigns. A brand provides Albert with access
to its Google, Facebook, Bing, Twitter and other online marketing
channels. When a brand manager wishes to launch a new online
advertising campaign, she simply logs into Albert and deploys that
new campaign, which is usually no more than a 15 minute task.
Albert autonomously creates hundreds of micro campaigns across
all relevant online marketing channels (Google, Facebook, Bing,
Twitter, Instagram, Display, Email, etc), then reviews these
hundreds of micro campaigns every few minutes and optimises each of
them as needed. Albert works in very much the same way that a human
campaign manager would, making correlation and cost/benefit based
decisions.
Where an experienced campaign manager could possibly make circa
100 decisions per day, Albert can make thousands per minute.
Albert's ability to launch hundreds of micro strategies and review
and amend them all every few minutes typically brings about a
significant increase in ROI. In addition, all learnings from the
decisions made remain in house, so the brand has full and instant
transparency and can easily scale up marketing activity through
larger budgets or application to new brands and new geographies
without hiring new expert campaign managers.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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