RNS Number : 0338B
Adgorithms Limited
13 June 2016
For immediate release
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13 June 2016
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ADGORITHMS LTD
(the "Company")
Notice of AGM and Grant of Options
Adgorithms Ltd (AIM: ADGO), a software company operating in the high growth online advertising
market, announces that it will be holding its Annual General Meeting at 10.00am on 7 July 2016 at the offices of Berwin Leighton
Paisner LLP, Adelaide House, London Bridge, London EC4R 9HA.
The Notice includes special majority resolutions to approve (i) the grant of options
to new employees of the Company over, in aggregate, 1,583,977 ordinary shares pursuant
to the Adgorithms Ltd. 2013 Israeli Share Option Plan and (ii) the grant of options over 500,000 ordinary shares to Ron Stern,
the Company's Chief Financial Officer, pursuant to the Adgorithms Ltd. 2013 Israeli Share Option Plan. All of the options will be
exercisable at a price of 16 pence (equal to 0.89 NIS or 0.231 U.S. dollars), based on the average closing
price of the Company's shares for the 30 trading days preceding the date of the notice, and will be subject to
performance and vesting conditions. Following this grant, Mr. Stern will hold options over a total of
1,496,000 ordinary shares of the Company.
In addition, Or Shani, the Company's Chief Executive Officer, has waived his rights with respect
to all his existing options over 2,012,999 ordinary shares.
Following the grant of options to the new employees and Mr. Stern and waiver of rights to options
by Mr. Shani, there will be outstanding options over a total of 6,049,362 ordinary shares representing approximately 9.8% of the
current issued share capital of the Company.
The Notice of Annual General Meeting, Form of Proxy and/or Form of Direction have been sent to
shareholders and will shortly be available to download from the Company's website at http://adgorithms.com/investor-relations/.
For further information, please contact:
Adgorithms
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Tel: +972 3537 7137
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Or Shani, Chief Executive Officer
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Ron Stern, Chief Financial Officer
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www.adgorithms.com
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Liberum (NOMAD and Broker)
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Tel: +44 20 3100 2000
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Neil Patel / Chris Clarke / Tom Fyson
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Vigo Communications
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Tel: +44 20 7830 9700
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Jeremy Garcia / Ben Simons / Fiona Henson
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adgorithms@vigocomms.com
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www.vigocomms.com
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This information is provided by RNS
The company news service from the London Stock Exchange
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