Ofer Eitan Implements Automatic Share Disposition Plan at Zoomd Technologies

Ofer Eitan, who previously served as the CEO of Zoomd Technologies Ltd. and is currently a director of the company, has recently set in motion an Automatic Securities Disposition Plan (ASDP). This strategic move aligns with Canadian securities legislation and the company's insider trading policies, aiming to facilitate orderly management of his share sales.

Understanding the Automatic Securities Disposition Plan (ASDP)

The ASDP allows for the execution of trades based on preset criteria, minimizing the influence of insider information. Specifically, Eitan's plan restricts daily trade volumes to 10% of a general daily volume threshold unless he possesses undisclosed material information. This structured approach ensures that trades are handled independently by a designated broker, keeping Eitan removed from any decision-making processes concerning sales.

Sale Parameters and Conditions

Under the ASDP, Eitan is permitted to sell up to two million shares, but only within the confines of a minimum price established within the plan. This framework is designed not just for immediate liquidity, but to ensure that transactions extend up to December 31, 2025. Notably, the first trade execution under this plan is scheduled for May 5, 2025. Furthermore, Eitan is prohibited from making amendments or halting the plan, ensuring regulatory compliance throughout its term.

The Significance of the ASDP in Corporate Governance

The implementation of such a plan underscores the growing emphasis on transparency and governance in corporate operations, particularly in technology and marketing sectors. Eitan's actions reflect a broader trend among executives to manage their financial interests responsibly while adhering to regulatory frameworks that safeguard against potential market manipulation. This initiative not only boosts investor confidence but also aligns with the best practices outlined in recent guidance from the Canadian Securities Administrators (CSA), specifically Staff Notice 55-317.

About Zoomd Technologies

Founded in 2012 and listed on the TSX Venture Exchange, Zoomd Technologies has established itself as a prominent player in the marketing technology sector, specializing in user acquisition and engagement solutions. Its comprehensive platform integrates various digital media channels, allowing advertisers to streamline their campaign management processes. By offering a holistic view of media sources, Zoomd empowers clients to optimize their advertising strategies, while providing significant operational efficiencies and cost savings.

Zoomd has garnered recognition for innovative solutions that simplify the complexities of user acquisition, establishing robust partnerships with digital media outlets globally. The company's commitment to enhancing customer acquisition outcomes positions it favorably in an increasingly competitive landscape.

For further updates or inquiries about Zoomd's corporate initiatives and ongoing projects, stakeholders and interested parties are encouraged to visit the company’s official website or consult their investor relations team.

Eitan’s proactive strategy to manage his shares reflects a significant shift toward more structured and responsible financial practices in the corporate arena, setting a potential benchmark for future executives in similar positions across the industry.