TORONTO, April 18, 2018 /CNW/ - Tal Hayek (the "Shareholder") announced today that on April 17, 2018, the Shareholder acquired 105,000 common shares (the "Acquired Shares") of AcuityAds Holdings Inc. ("Acuity" or the "Company") in connection with Acuity's brokered private placement financing, which closed on April 17, 2018 (the "Offering"). Prior to the completion of this transaction, the Shareholder held 3,692,821 common shares of Acuity, representing 10.50% of the issued and outstanding common shares of Acuity.
As a result of the Offering, the Shareholder beneficially owns and controls 3,797,821 common shares of the Company, representing approximately 9.46% of the outstanding common shares of the Company (based on 40,130,120 common shares of the Company outstanding as of April 17, 2018), and 8.91% of the outstanding common shares of the Company on a fully-diluted basis (based on 2,484,763 stock options to purchase common shares of the Company outstanding as of April 17, 2018, 1,720,630 deferred share units outstanding as of April 17, 2018, and 581,467 common share purchase warrants of the Company outstanding as of April 17, 2018).
The Acquired Shares were purchased for investment purposes. The Shareholder may purchase additional common shares of Acuity or sell common shares of Acuity presently held by the Shareholder from time to time in one or more transactions in their discretion based on market conditions and other factors that they deem relevant. No assurances can be made as to the timing of any purchase or sale by the Shareholder of common shares of Acuity or that any such transaction will occur at all.
This press release is being issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issuers which requires a report to be filed under the Company's profile on SEDAR (www.sedar.com) containing additional information respecting the foregoing matters. A copy of such report may be obtained by contacting Tal Hayek at 416-218-9888.
The name and address of the Shareholder filing the report is:
c/o AcuityAds Holdings Inc.
181 Bay Street, Suite 320, Brookfield Place
SOURCE Tal Hayek