Crossrider plc CEO Purchase of Shares and Holdings in Company (1099I)
23 March 2015 - 6:00PM
UK Regulatory
TIDMCROS
RNS Number : 1099I
Crossrider plc
23 March 2015
Crossrider plc
("Crossrider," the "Company" or the "Group")
CEO Purchase of Shares and Holdings in Company
Crossrider (AIM:CROS) the creator of digital advertising
platforms specialising in monetising web and mobile media through
the use of big data, announces that it was informed on 20 March
2015 by Koby Menachemi, the Chief Executive Officer of the Company,
that on 20 March 2015 he acquired 68,000 ordinary shares of
US$0.0001 each in the capital of the Company ("Ordinary Shares") at
a price of 100.5 pence each. Following this purchase Mr Menachemi
is interested in 142,339 Ordinary Shares, which represents 0.10 per
cent. of the entire issued share capital of the Company.*
The Company was also informed on 20 March 2015 by Unikmind
Holdings Limited ("Unikmind"), that Unikmind had on 20 March 2015
acquired 3,500,000 Ordinary Shares at a price of 100.5 pence each.
Following this purchase Unikmind is interested in 103,500,002
Ordinary Shares, which represents 69.71 per cent. of the entire
issued share capital of the Company. The entire shareholding of
Unikmind is held by a trust, the sole beneficiary of which is Teddy
Sagi.
*As described in the Company's AIM Admission Document dated 23
September 2014, Zirconium Limited, a company of which Koby
Menachemi is the sole shareholder, has entered into a call option
agreement with Unikmind pursuant to which Zirconium Limited has an
option to acquire up to 5,376,340 existing Ordinary Shares held by
Unikmind at an exercise price of US$ 0.44873 per Ordinary
Share.
- Ends -
For more information contact
Crossrider plc
Koby Menachemi, Chief Executive
Officer
Mark Carlisle, Chief Financial
Officer
c/o Bell Pottinger +44 (0) 20 3772 2500
Shore Capital
Bidhi Bhoma
Toby Gibbs
Jamie Cameron +44 (0) 20 7408 4090
Bell Pottinger
David Rydell
Olly Scott
James Newman +44 (0) 20 3772 2500
About Crossrider
Crossrider is a creator of digital advertising platforms
specialising in monetising web and mobile media through the use of
big data. The Company's web and mobile platforms power ad networks,
agencies and direct publishers and enable the delivery of relevant
digital advertising through the analysis of big data: making online
marketing significantly more efficient and cost effective.
The Group operates web and mobile platforms which generate big
data, enabling the development of a proprietary ad serving
algorithm and engine that can extract value from this data to
deliver relevant advertising to targeted users.
Crossrider's vision is to become the de facto standard platform
for delivering relevant web and mobile adverts to billions of
people, powering the next generation of digital advertising.
www.crossrider.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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