20 August 2024
Nexxen International Ltd
(“Nexxen” or the “Company”)
Director Dealings Pursuant to Previously Established Non-Discretionary Plans to Trade Under Rule 10b-5
Nexxen International Ltd. (AIM/NASDAQ: NEXN) (“Nexxen” or the “Company”), a global, unified advertising technology platform with deep expertise in video and
Connected TV (“CTV”), announces that in accordance with the vesting schedule for certain restricted stock units and performance stock units over
Ordinary Shares of NIS0.01 each in the capital of the Company ("RSUs", “PSUs” and "Ordinary Shares") 70,000 time-based RSUs and 745,000 PSUs, respectively, over Ordinary Shares have
vested and been issued to certain Directors of the Company as set out in the table below.
In addition, pursuant to previously established non-discretionary plans to trade in the Company's Ordinary Shares in accordance with
the terms of Rule 10b5-1 promulgated under the U.S. Securities Exchange Act of 1934, as amended (the "Rule 10b5-1 Plans"), Ofer Druker, the Company's Chief Executive Officer, and Yaniv Carmi, the Company's Chief Operating Officer, have sold
Ordinary Shares (the "Share Sale") in order to cover the tax obligations triggered by the vesting of RSUs. Full details of the Share Sale are detailed in the table below.
Director
|
Position
|
Ordinary Shares Issued
|
Ordinary Shares Sold
|
Share Sale Price
|
Resultant Holding
|
% of total voting rights
|
Ofer Druker
|
Chief Executive Officer
|
375,000
|
45,718
|
$3.6259
|
4,837.075
|
3.55%
|
Yaniv Carmi
|
Chief Operating Officer
|
165,000
|
82,500
|
$3.6251
|
2,181,411
|
1.60%
|
Sagi Niri
|
Chief Financial Officer
|
275,000
|
-
|
-
|
1,867,650
|
1.37%
|
For further information please contact:
Nexxen International Ltd.
Billy Eckert, Vice President of Investor Relations
ir@nexxen.com
Caroline Smith, Vice President of Communications
csmith@nexxen.com
KCSA (U.S. Investor Relations)
David Hanover, Investor Relations
nexxenir@kcsa.com
Vigo Consulting (U.K. Financial PR &
Investor Relations)
Jeremy Garcia / Peter Jacob
Tel: +44 20 7390 0230 or nexxen@vigoconsulting.com
Cavendish Capital Markets Limited
Jonny Franklin-Adams / Seamus Fricker / Rory Sale (Corporate Finance)
Tim Redfern / Jamie Anderson (ECM)
Tel: +44 20 7220 0500
About Nexxen
Nexxen empowers advertisers, agencies, publishers and broadcasters around the world to utilize data and advanced TV in the ways that
are most meaningful to them. Our flexible and unified technology stack comprises a demand-side platform (“DSP”) and supply-side platform (“SSP”), with the Nexxen Data Platform at its core. With streaming in our DNA, Nexxen’s robust capabilities
span discovery, planning, activation, monetization, measurement and optimization – available individually or in combination – all designed to enable our partners to reach their goals, no matter how far-reaching or hyper niche they may be.
Nexxen is headquartered in Israel and maintains offices throughout the United States, Canada, Europe and Asia-Pacific, and is traded
on the London Stock Exchange (AIM: NEXN) and NASDAQ (NEXN). For more information, visit www.nexxen.com.
1.
|
Details of the person discharging managerial responsibilities / person closely associated
|
a)
|
Name
|
Ofer Druker
|
2.
|
Reason for the Notification
|
a)
|
Position/status
|
Chief Executive Officer
|
b)
|
Initial notification/Amendment
|
Initial
|
3.
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
a)
|
Name
|
Nexxen International Ltd
|
b)
|
LEI
|
213800ZNSR7AIJZ2J557
|
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 of the Financial instrument, type of instrument
|
Performance Stock Units over Ordinary Shares of NIS 0.01 each
|
|
|
Identification code
|
IL0011320343
|
b)
|
Nature of the transaction
|
Vesting of PSUs
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
|
|
n/a
|
375,000 |
|
d)
|
Aggregated information:
• Aggregated volume
• Price
|
375,000 Ordinary Shares
n/a
|
e)
|
Date of the transaction
|
19 August 2024
|
f)
|
Place of the transaction
|
NASDAQ Global Market
|
1.
|
Details of the person discharging managerial responsibilities / person closely associated
|
a)
|
Name
|
Ofer Druker
|
2.
|
Reason for the Notification
|
a)
|
Position/status
|
Chief Executive Officer
|
b)
|
Initial notification/Amendment
|
Initial
|
3.
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
a)
|
Name
|
Nexxen International Ltd
|
b)
|
LEI
|
213800ZNSR7AIJZ2J557
|
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 of the Financial instrument, type of instrument
|
Performance Stock Units over Ordinary Shares of NIS 0.01 each
|
|
|
Identification code
|
IL0011320343
|
b)
|
Nature of the transaction
|
Sale of Ordinary Shares
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
|
|
$3.6259
|
45,718
|
|
d)
|
Aggregated information:
• Aggregated volume
• Price
|
45,718 Ordinary Shares
$165,766.61
|
e)
|
Date of the transaction
|
19 August 2024
|
f)
|
Place of the transaction
|
NASDAQ Global Market
|
1.
|
Details of the person discharging managerial responsibilities / person closely associated
|
a)
|
Name
|
Yaniv Carmi
|
2.
|
Reason for the Notification
|
a)
|
Position/status
|
Chief Operating Officer
|
b)
|
Initial notification/Amendment
|
Initial
|
3.
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
a)
|
Name
|
Nexxen International Ltd
|
b)
|
LEI
|
213800ZNSR7AIJZ2J557
|
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 of the Financial instrument, type of instrument
|
Performance Stock Units over Ordinary Shares of NIS 0.01 each
|
|
|
Identification code
|
IL0011320343
|
b)
|
Nature of the transaction
|
Vesting of PSUs
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
|
|
n/a
|
165,000
|
|
d)
|
Aggregated information:
• Aggregated volume
• Price
|
165,000 Ordinary Shares
n/a
|
e)
|
Date of the transaction
|
19 August 2024
|
f)
|
Place of the transaction
|
NASDAQ Global Market
|
1.
|
Details of the person discharging managerial responsibilities / person closely associated
|
a)
|
Name
|
Yaniv Carmi
|
2.
|
Reason for the Notification
|
a)
|
Position/status
|
Chief Operating Officer
|
b)
|
Initial notification/Amendment
|
Initial
|
3.
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
a)
|
Name
|
Nexxen International Ltd
|
b)
|
LEI
|
213800ZNSR7AIJZ2J557
|
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 of the Financial instrument, type of instrument
|
Performance Stock Units over Ordinary Shares of NIS 0.01 each
|
|
|
Identification code
|
IL0011320343
|
b)
|
Nature of the transaction
|
Sale of Ordinary Shares
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
|
|
$3.6251
|
82,500
|
|
d)
|
Aggregated information:
• Aggregated volume
• Price
|
82,500 Ordinary Shares
$299,070.75
|
e)
|
Date of the transaction
|
19 August 2024
|
f)
|
Place of the transaction
|
NASDAQ Global Market
|
1.
|
Details of the person discharging managerial responsibilities / person closely associated
|
a)
|
Name
|
Sagi Niri
|
2.
|
Reason for the Notification
|
a)
|
Position/status
|
Chief Financial Officer
|
b)
|
Initial notification/Amendment
|
Initial
|
3.
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
a)
|
Name
|
Nexxen International Ltd
|
b)
|
LEI
|
213800ZNSR7AIJZ2J557
|
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 of the Financial instrument, type of instrument
|
Performance Stock Units over Ordinary Shares of NIS 0.01 each
|
|
|
Identification code
|
IL0011320343
|
b)
|
Nature of the transaction
|
Vesting of PSUs
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
|
|
n/a
|
205,000
|
|
d)
|
Aggregated information:
• Aggregated volume
• Price
|
205,000 Ordinary Shares
n/a
|
e)
|
Date of the transaction
|
19 August 2024
|
f)
|
Place of the transaction
|
NASDAQ Global Market
|
1.
|
Details of the person discharging managerial responsibilities / person closely associated
|
a)
|
Name
|
Sagi Niri
|
2.
|
Reason for the Notification
|
a)
|
Position/status
|
Chief Financial Officer
|
b)
|
Initial notification/Amendment
|
Initial
|
3.
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
a)
|
Name
|
Nexxen International Ltd
|
b)
|
LEI
|
213800ZNSR7AIJZ2J557
|
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 of the Financial instrument, type of instrument
|
Restricted Stock Units over Ordinary Shares of NIS 0.01 each
|
|
|
Identification code
|
IL0011320343
|
b)
|
Nature of the transaction
|
Vesting of RSUs
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
|
|
n/a
|
70,000
|
|
d)
|
Aggregated information:
• Aggregated volume
• Price
|
70,000 Ordinary Shares
n/a
|
e)
|
Date of the transaction
|
1 March 2024
|
f)
|
Place of the transaction
|
NASDAQ Global Market
|