Ofer Eitan Implements Strategic Disposition Plan for Zoomd
Zoomd's Automatic Disposition Plan Explained
In a notable development for Zoomd Technologies Ltd., Ofer Eitan, a key figure in the company, has initiated an Automatic Securities Disposition Plan (ASDP). This plan is intended to allow for the systematic sale of a specified number of shares over a defined period, ensuring that all trades adhere to both company policies and Canadian securities laws.
Understanding the Automatic Share Disposition Plan
The ASDP is designed to facilitate trades based on predetermined instructions provided to a broker. This allows for a structured approach to the sale of securities, eliminating the need for continuous oversight from Mr. Eitan while safeguarding compliance with legal standards. According to the details released, trades will occur under a 10% daily volume limit, which will apply only when Mr. Eitan lacks any relevant undisclosed information that could materially affect stock prices.
Key Features of the ASDP
The ASDP sets clear boundaries for how stocks can be sold, with up to two million shares available for sale. However, this will only proceed if the sales meet a minimum price threshold established as part of the plan. The intention is to ensure a smooth market presence as securities are gradually disposed of without causing abrupt fluctuations in stock value.
Timeline for Implementation
This plan has a structured timeline, with the first sales not expected before a specified date, aiming for an orderly market process until the end of a set period. This carefully calibrated strategy reflects a commitment to providing clarity and stability to both shareholders and the market.
Who is Ofer Eitan?
Ofer Eitan is not only a member of the board for Zoomd but also served as its former CEO. His extensive experience in the field includes founding Moblin, a significant player in the mobile marketing space, which ultimately merged with Zoomd. His leadership has been pivotal in steering the company's strategic direction and operational advancements in the competitive marketing technology arena.
About Zoomd Technologies Ltd.
Founded in 2012, Zoomd Technologies Ltd. has established itself as a leading player in the marketing technology sector. The company specializes in providing user acquisition solutions for mobile applications, capitalizing on its integration with various digital media platforms. This innovative approach allows advertisers to manage their campaigns through a centralized interface, streamlining the acquisition process and optimizing operational efficiencies.
Benefits for Advertisers
The comprehensive platform not only enhances efficiency but also leads to cost savings for clients. By consolidating various media sources into one streamlined interface, Zoomd reduces the complexity of managing multiple data streams. Advertisers benefit from improved insights into campaign performance and enhanced data collection methodologies.
Commitment to Transparency
Zoomd's proactive measures regarding share dispositional strategies reflect its broader commitment to transparency and ethical practices in corporate governance. By adhering to rigorous standards, the company maintains trust with its stakeholders, ensuring that all processes remain fair and compliant with regulatory expectations.
Frequently Asked Questions
What is an Automatic Securities Disposition Plan?
An Automatic Securities Disposition Plan allows company insiders to sell shares according to pre-arranged instructions, ensuring regulatory compliance and market stability.
Who is Ofer Eitan?
Ofer Eitan is a director and former CEO of Zoomd, known for his role in the company's strategic initiatives and for his prior experience with Moblin.
How many shares can be sold under the ASDP?
Under the ASDP, up to two million shares may be sold, adhering to specific minimum price conditions.
What are the benefits of Zoomd's platform for advertisers?
Zoomd provides a unified platform for managing user acquisition campaigns, offering operational efficiencies, data insights, and cost savings.
How does Zoomd ensure compliance with trading regulations?
Zoomd's ASDP complies with Canadian securities laws, ensuring that all dispositional activities are reported and transparent.
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