Adgorithms Limited Director/PDMR Shareholdings (8746K)

TIDMADGO

RNS Number : 8746K

Adgorithms Limited

27 September 2016

 
   27 September 2016 
 

ADGORITHMS LTD

("Adgorithms" or the "Company")

Director/PDMR Shareholdings

Adgorithms was yesterday notified that on 26 September 2016, Ron Stern, Or Russo and Tomer Naveh purchased a total of 85,185 ordinary shares of 0.01 NIS ("Ordinary Shares") in the capital of the Company at a price of 21 pence per Ordinary Share.

Following the purchase, Ron Stern, Chief Financial Officer, is beneficially interested in 190,895 Ordinary Shares, representing approximately 0.31 per cent. of the Company's issued share capital.

Following the purchase, Or Russo, General Manager, is beneficially interested in 3,623,164 Ordinary Shares, representing approximately 5.87 per cent. of the Company's issued share capital.

Following the purchase, Tomer Naveh, Chief Technology Officer, is beneficially interested in 3,730,847 Ordinary Shares, representing approximately 6.05 per cent. of the Company's issued share capital.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1.    Details of the person discharging managerial 
        responsibilities / person closely associated 
----  --------------------------------------------------------------------------------------------------- 
 a)    Name                        Ron Stern              Or Russo                 Tomer Naveh 
----  --------------------------  ---------------------  -----------------------  ----------------------- 
 2.    Reason for the Notification 
----  --------------------------------------------------------------------------------------------------- 
 a)    Position/status             Chief Financial        General Manager          Chief Technology 
                                    Officer                                         Officer 
----  --------------------------  ---------------------  -----------------------  ----------------------- 
 b)    Initial                     Initial                Initial notification     Initial notification 
        notification/               notification 
        Amendment 
----  --------------------------  ---------------------  -----------------------  ----------------------- 
 3.    Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  --------------------------------------------------------------------------------------------------- 
 a)    Name                        Adgorithms             Adgorithms               Adgorithms 
                                    Ltd                    Ltd                      Ltd 
----  --------------------------  ---------------------  -----------------------  ----------------------- 
 b)    LEI                         n/a                    n/a                      n/a 
----  --------------------------  ---------------------  -----------------------  ----------------------- 
 4.    Details of the transaction(s): section 
        to be repeated for (i) each type of instrument; 
        (ii) each type of transaction; (iii) each 
        date; and (iv) each place where transactions 
        have been conducted 
----  --------------------------------------------------------------------------------------------------- 
 a)    Description                 Ordinary               Ordinary                 Ordinary shares 
        of the Financial            shares of              shares of                of 0.01 NIS 
        instrument,                 0.01 NIS               0.01 NIS                 each 
        type of                     each                   each 
        instrument 
---- 
       Identification              IL0011354904           IL0011354904             IL0011354904 
        code 
----  --------------------------  ---------------------  -----------------------  ----------------------- 
 b)    Nature of                   Purchase               Purchase                 Purchase of 
        the transaction             of ordinary            of ordinary              ordinary shares 
                                    shares                 shares 
----  --------------------------  ---------------------  -----------------------  ----------------------- 
 c)    Price(s)                    Price      Volume      Price       Volume       Price       Volume 
        and volume(s) 
----  --------------------------  ---------  ----------  ----------  -----------  ----------  ----------- 
                                   21p        28,395      21p         28,395       21p         28,395 
 -------------------------------  ---------  ----------  ----------  -----------  ----------  ----------- 
 d)    Aggregated                  Single transaction     Single transaction       Single transaction 
        information:                as in 4c)              as in 4c)                as in 4c) 
                                    above                  above                    above 
    *    Aggregated volume          28,395                 28,395                   28,395 
                                    21p                    21p                      21p 
 
    *    Price 
 -------------------------------  ---------------------  -----------------------  ----------------------- 
 e)    Date of                     26 September           26 September             26 September 
        the transaction             2016                   2016                     2016 
----  --------------------------  ---------------------  -----------------------  ----------------------- 
 f)    Place of                    London Stock           London Stock             London Stock 
        the transaction             Exchange,              Exchange,                Exchange, 
                                    AIM Market             AIM Market               AIM Market 
                                    (XLON)                 (XLON)                   (XLON) 
----  --------------------------  ---------------------  -----------------------  ----------------------- 
 

For further information, please contact:

 
 Adgorithms                        Tel: [phone] 
 Or Shani, Chief Executive 
  Officer 
 Ron Stern, Chief Financial 
  Officer 
 www.adgorithms.com 
 
 Liberum (NOMAD and Broker)      Tel: [phone] 
 Neil Patel / Chris Clarke 
  / Neil Elliot 
 
 Vigo Communications             Tel: [phone] 
 Jeremy Garcia / Ben Simons   [e-mail] 
  / Fiona Henson 
 www.vigocomms.com 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 27, 2016 02:01 ET (06:01 GMT)