Tremor International Ltd. announces the price of the initial
NEW YORK, June 17, 2021 (GLOBE NEWSWIRE) – Tremor International Ltd. (âTremorâ) today announced the price of its initial public offering of 6,768,953 American Depositary Shares (âADSâ), representing a total of 13,537,906 ordinary shares, at a public offering price of 19, $ 00 per ADS. Tremor raised total gross proceeds of $ 128.6 million, before the deduction of underwriting discounts and commissions. Each ADS offered represents two common shares of Tremor. The ADSs are offered as part of a registered public offering in the United States (the âOfferâ). All ADS for sale under the Offer will be sold by Tremor.
The underwriters of the offer will also have a 30 day option to purchase up to 1,015,342 additional ADSs from Tremor at the initial public offer price. ADSs are expected to begin trading on the Nasdaq Global Market on June 18, 2021 under the symbol âTRMRâ. Tremor common stock is currently admitted to trading on the AIM market of the London Stock Exchange under the ticker symbol âTRMRâ.
The offer is expected to close on June 22, 2021, subject to the satisfaction of customary closing conditions.
RBC Capital Markets and Stifel act as principal bookkeepers for the Offering. JMP Securities, Needham & Company and Raymond James act as co-managers of the Offer.
The Offer is being made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained, when available, from the offices of RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor, New York, NY 10281-8098; Attention: Equity Syndicate, or by phone at +1 877-822-4089, or by email at [email protected]; or from Stifel, Nicolaus & Company, Incorporated, Attention: Prospectus Department, One Montgomery Street, Suite 3700, San Francisco, CA 94104, or by phone at +1 (415) 364-2720 or by email at syndprospectus @ stifel. com.
A registration statement on Form F-1 relating to these securities has been filed with and declared effective by the United States Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal. prior to registration or qualification under the securities laws of any such state or jurisdiction.
This press release contains forward-looking statements. All statements contained in this press release that do not relate to historical facts should be considered as forward-looking statements, including, but not limited to, statements regarding Tremor’s plans to complete the offer.
These forward-looking statements are based on the current expectations of management. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other material factors which may cause Tremor to have actual results, performance or achievements materially different from its expectations expressed or implied in forward-looking statements, including, but not limited to the following: Tremor may decide not to conduct a registered initial public offering within the time frame it currently expects or not at all, due to a number of important potential factors, including US capital market conditions, economic conditions, potential negative developments in the COVID-19 pandemic, other negative developments in Tremorâs business or adverse legislative or regulatory developments.
These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements contained in this press release. These forward-looking statements represent management’s estimates as of the date of this press release. Although Tremor may choose to update these forward-looking statements at some point in the future, Tremor disclaims any obligation to do so, even if subsequent events cause its views to change. These forward-looking statements should not be taken as representing the views of Tremor as of a date subsequent to the date of this press release.
For readers in the European Economic Area and the United Kingdom
There will be no public offering of ADSs to the public in the European Economic Area or the UK.
This communication, insofar as it constitutes an invitation or an incentive to undertake an investment activity within the meaning of Article 21 of the Financial Services and Markets Act 2000, as amended (“FSMA“) in relation to the securities which are the subject of the offer described in this press release or otherwise, is only addressed to: (a) in the European Economic Area (the”EEE“), persons who are qualified investors within the meaning of Article 2 (e) of the Prospectus Regulation (EU) 2017/1129 (the”Prospectus Regulation“) (“Qualified investors“); and (b) in the United Kingdom, Qualified Investors within the meaning of Article 2 (e) of the Prospectus Regulation as it forms part of domestic law in the United Kingdom by virtue of Union law European (Withdrawal) 2018, who are (i) persons who fall within the definition of âinvestment professionalsâ in Article 19 (5) of the 2005 Ordinance on Financial Services and Markets (Financial Promotion) of 2005, as amended (the âOrdinanceâ); or (ii) persons who fall under Section 49 (2) (a) through (d) (âHigh Net Worth Corporations, Unincorporated Associations , etc. “) of the Order; or (c) the persons to whom it may otherwise be legally communicated (all these persons referred to in points (b) and (c) above being together referred to as”Persons concerned“).
The ADSs offered in the Offer are only available for, and any invitation, offer or agreement to subscribe, purchase or acquire these ADSs will only be concluded, in the EEA, with Qualified Investors and the United Kingdom, Concerned Persons. Anyone who in the EEA is not an accredited investor or in the United Kingdom is not a relevant person should not act or rely on this document or any of its contents. This communication does not contain an offer or constitute part of an offer to the public within the meaning of Articles 85 and 102B of the FSMA or otherwise.
|For more information, please contact:|
|Tremor International Ltd||via Vigo Consulting|
|Ofer Druker, Chairman and CEO|
|Sagi Niri, Chief Financial Officer|
Jonny Franklin-Adams / James Thompson (Corporate Finance)
Tim Redfern / Dicky Chambers (ECM)
|Phone: +44 20 7220 0500|
|Stifel Nicolaus Europe Limited
|Phone. : +44 20 7710 7600|
|Advice from Vigo
|Phone. : +44 20 7390 0230|
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|Phone. : 347 687 3721
Phone. : 312 919 9222