Crossrider plc Termination of option agreement (4726H)
August 17 2016 - 11:05AM
UK Regulatory
TIDMCROS
RNS Number : 4726H
Crossrider plc
17 August 2016
Crossrider plc
("Crossrider," the "Company" or the "Group")
Termination of option agreement
Crossrider (AIM:CROS) announces that the call option agreement
entered into by Unikmind Holdings Limited ("Unikmind") on 23
September 2014 with Zirconium Limited, a company owned and
controlled by Koby Menachemi, the former CEO of the Company, has
been terminated. The agreement, as described in paragraph 5.4(a) of
Part 5 of the Company's AIM Admission Document, granted Zirconium
Limited an option to acquire up to 5,376,340 existing ordinary
shares of US$0.0001 each ("Ordinary Shares") held by Unikmind at an
exercise price of USD 0.44873 per Ordinary Share.
- ends -
For more information contact
Crossrider plc
Ido Erlichman, Chief Executive
Officer
Mark Carlisle, Chief Financial
Officer
c/o Bell Pottinger +44 (0) 20 3772 2496
Shore Capital
Bidhi Bhoma
Toby Gibbs +44 (0) 20 7408 4090
Bell Pottinger
David Rydell
James Newman
Sam Cartwright
Vrudhi Patel +44 (0) 20 3772 2496
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
This information is provided by RNS
The company news service from the London Stock Exchange
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