CEO Purchase of Shares and Holdings in Company

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	[phone]
Shore Capital Bidhi Bhoma Toby Gibbs Jamie Cameron	[phone]
Bell Pottinger David Rydell Olly Scott James Newman	[phone]

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

 

END

 

 

MSCJMMPTMBBTBRA