StockMarketWire.com - Advertising technology group Taptica said chief executive Hagai Tal had resigned with immediate effect due to a court ruling.

Tal, however, would remain with the company 'as long as necessary' to ensure minimal disruption to the business.

The current head of the company's performance advertising business, Rivi Block, had been appointed as interim CEO while the board searched for a permanent successor.

'The board confirms that the impact of the court's ruling against Mr. Tal bears no direct impact on Taptica from a structural, financial or operational point of view,' the company said.

Tal was found liable on Tuesday for statements made in relation to the sale of Plimus in 2011, where he was CEO.


At 8:38am: [LON:TAP] Taptica International Ltd share price was +4p at 195p



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