Petrus Advisers Files Criteo 13D/A Amendment

TL;DR

Petrus Advisers updated its Criteo stake filing on 9/10/24.

AI Summary

Petrus Advisers Ltd. filed an amendment (No. 7) to its Schedule 13D on September 10, 2024, regarding Criteo S.A. The filing indicates a change in the beneficial ownership of Criteo's American Depositary Shares. Petrus Advisers Ltd., based in London, is the filer, with Connie Neumann listed as the authorized contact.

Why It Matters

This filing signals a potential shift in significant shareholder activity or strategy concerning Criteo S.A., which could influence its stock performance.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant investor activity, which can lead to volatility.

Key Numbers

• Amendment No. 7 — Filing Amendment (Indicates this is an update to a previous filing.)

Key Players & Entities

• Petrus Advisers Ltd. (company) — Filing entity
• Criteo S.A. (company) — Subject company
• Connie Neumann (person) — Authorized contact for filer
• 20240910 (date) — Filing date

FAQ

Key Financial Figures

• $34 m — as follows: A total of approximately $34 million, excluding commissions, was used
• $46 — ght to recall at any time at a price of $46.75, pursuant to a repurchase agreement
• $0 — ght to recall at any time at a price of $0.00, pursuant to a repurchase agreement

Filing Documents

• ea0214101-13da7petrus_crit.htm (SC 13D/A) — 94KB
• 0001213900-24-077376.txt ( ) — 96KB

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration. Item 3 of the Schedule 13D is hereby amended and supplemented as follows: A total of approximately $34 million, excluding commissions, was used to acquire our new stake of ADS compared to the previous filing of Amendment No. 6 on August 20, 2024, which amount includes proceeds related to repurchase agreements with RBC Bank. The sources of funds used to purchase the ADS reported herein include the working capital of the investment vehicles and managed accounts that own the ADS directly, for which Petrus serves as investment manager or portfolio adviser, the personal funds of the private individuals who have signed powers of attorney in favor of Petrus, Mr. Hufnagel and Mr. Umek, and proceeds related to the Reporting Persons’ repurchase agreements with RBC Bank.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer

(a)-(c) of the

Item 5(a)-(c) of the Schedule 13D is hereby amended and supplemented as follows: (a) See rows (11) and (13) of pages 2, 3 and 4 of this Amendment No. 7 for the aggregate number of ADS and percentage of ADS beneficially owned by the Reporting Persons as of September 6, 2024. These amounts include (i) an aggregate 2,800,000 ADS that the Reporting Persons have the right to acquire within 60 days upon exercise of long standardized call options, (ii) 510,000 ADS that the Reporting Persons have the right to recall at any time at a price of $46.75, pursuant to a repurchase agreement with RBC Bank that is scheduled to terminate on October 11, 2024, and (iii) 25,000 ADS that the Reporting Persons have the right to recall at any time at a price of $0.00, pursuant to a repurchase agreement with RBC Bank that currently has no expiration date. The aggregate percentage of ADS reported beneficially owned by the Reporting Persons is based upon 55,985,114 Shares outstanding as of July 26, 2024, as disclosed in the Issuer’s quarterly report on Form 10-Q filed by the Issuer with the Commission on August 1, 2024. (b) See rows (7) through (10) of pages 2, 3 and 4 of this Amendment No. 7 for the ADS as to which the Reporting Persons have the sole or shared power to vote or direct the vote and sole or shared power to dispose or direct the disposition as of September 6, 2024. Each of Petrus, Mr. Hufnagel and Mr. Umek may be deemed to share voting power and share dispositive power over the ADS and options to acquire ADS held directly by the investment vehicles and managed accounts for which Petrus serves as investment manager or portfolio adviser and the private individuals who have signed powers of attorney in favor of Petrus. (c) The transactions in the ADS effected by the Reporting Persons since the filing of Amendment No. 6 on August 20, 2024 and through September 6, 2024 are set forth on Schedule 8 attached hereto. CUSIP No. 226718104 13D Page 7 of 9 SIGNATURE After

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