Albert Technologies Ltd Exercise of Options / Additional Listing (7883E)
23 October 2018 - 5:00PM
UK Regulatory
TIDMALB
RNS Number : 7883E
Albert Technologies Ltd
23 October 2018
23 October 2018
Albert Technologies Ltd.
("Albert Technologies" or the "Company")
Exercise of Options / Additional Listing
Albert Technologies (AIM: ALB) announces that, following the
exercise of options by former employees, it has issued and allotted
89,466 ordinary shares of NIS 0.01 in the share capital of the
Company ("Ordinary Shares").
Application has been made to the London Stock Exchange for the
89,466 new Ordinary Shares to be admitted to trading on AIM
("Admission") and dealings are expected to commence at 8.00 a.m. on
or around 26 October 2018. The new Ordinary Shares will rank pari
passu with the Company's existing Ordinary Shares.
The total number of Ordinary Shares in issue following Admission
will be 99,734,917. There are no Ordinary Shares held in treasury.
The total number of voting rights in the Company is therefore
99,734,917. This number 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 Guidance and
Transparency Rules.
Albert Technologies Ltd
Or Shani, Chief Executive Officer Tel: +972 3537 7137
Yoram Freund, Chief Financial Officer
Cantor Fitzgerald Europe
Marc Milmo
Catherine Leftley +44 (0)20 7894 7000
About Albert Technologies
Founded in 2010, Albert Technologies Ltd. (AIM: ALB.L), a global
software company, is the creator of Albert - 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. Albert serves as a highly
intelligent and sophisticated member of brands' marketing teams,
wading through massive 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 The Big Red Group, Gallery Furniture and
Dole Asia, and global advertising agencies, 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 its management received 18 awards in 2017,
including being named as Gartner Cool Vendors in Advertising, an
International Stevie Award for "Best New Product of the Year," the
"Market Disruptor" Award from the Masters of Marketing, and being
named "AI Application of the Year" by the Global Annual Achievement
Awards for AI. Albert CEO, Or Shani, was recognized as Innovator of
the Year (bronze) in the International Stevie Awards and was chosen
for the DMN 40 Under 40 List.
About Albert
Albert replaces the human campaign manager in managing brands'
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, all that is needed is to simply log into
Albert and deploy 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, and the brand has full and instant
transparency and can easily scale up marketing activities through
larger budgets or applications to new brands and new geographies,
without hiring new expert campaign managers.
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END
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