Israeli digital marketing firm Adgorithms prepares £27 million LSE public listing this Friday


For all online businesses these days, the acquisition and retention of customers is of paramount importance.

This has raised the value tremendously of ingenious algorithmic digital marketing companies, the latest example of which Adgorithms, a firm which operates in the high growth online advertising market.

The company has developed a proprietary, artificial intelligence based algorithmic technology to maximize an advertiser’s ability to deliver an online advertisement to the right user, at the right price and at the right time. The Company is headquartered in Tel Aviv, Israel.

The company’s expected size of offer is £27 million and the listing is scheduled to take place on Friday June 12 on London Stock Exchange’s Alternative Investment Market (AIM), a very popular venue for the listing of online trading firms.

As far as corporate structure is concerned, Charles John Allwood stands as Proposed Non-Executive Chairman, Or Eliezer Shani as Chief Executive Officer, Ron Stern as Chief Financial Officer and Lisa Jane Gordon as Proposed Non-Executive Director.

The company has enlisted the services of Liberium Capital as the nominated advisor and nominated broker for the public listing.

Before Admission:

Shareholder Number of Ordinary Shares

Percentage of issued share capital Or Eliezer Shani 31,837,500 70.5% Tomer Naveh, 4,040,000 8.9% Or Russo, 3,922,500 8.7% Rafael Zoldan 2,777,500 6.2% Ofir Perry 1,542,500 3.4%

This assumes conversion of all options and warrants which are due to take effect immediately prior to Admission. These Ordinary Shares will be held by Meitav Dash Trusts Ltd. as trustee for the relevant individuals.

After Admission:

Shareholder Number of Ordinary Shares Percentage of issued share capital Or Eliezer Shani 29,177,431 47.3% Schroder Investment Management Limited 6,390,977 10.4% Tomer Naveh2 3,702,452 6.0% Or Russo 3,594,769 5.8%, Rathbone Investment Management Limited 3,444,737 5.6%, Inflection Point Investments LLP 3,383,459 5.5%, Standard Life Investments Limited 3,007,519 4.9%, Rafael Zoldan 2,545,436 4.1%, ACPI Investments Limited 2,255,639 3.7%.

These Ordinary Shares will be held by Meitav Dash Trusts Ltd. as trustee for the relevant individuals.

For the official announcement from the London Stock Exchange

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Israeli digital marketing firm Adgorithms prepares £27 million LSE public listing this Friday

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