Tremor International Ltd (AIM:TRMR) announces a share repurchase program. Under the program, the company will repurchase up to $50 million worth of its shares. The shares will be repurchased at a maximum price of no more than 105% of the average middle market closing price of a share on the AIM, for the five business days preceding the date of purchase.

The program will be funded through its existing cash reserves. The repurchased shares will be reclassified as dormant shares under the Israeli Companies Law and will be held in treasury. The commencement of program is subject to receipt of the consent of the Company?s bank lenders.

The program will continue until either until November 1, 2024, or until it has been completed.