17th Feb 2020 15:48
(Alliance News) - Matomy Media Group Ltd said its Chair Sami Totah has resigned with immediate effect, following the stake sale by Viola AV Adsmarket LP, where he is general partner.
Matomy Media shares were trading 7.9% lower in London at 4.02 pence each on Monday.
The Tel-Aviv, Israel headquartered company did not disclose the reason for Totah's departure.
Earlier today the company had announced that Viola sold entire 9.5% stake in Matomy Media.
At the end of December, Matomy had sold its 90% stake in Team Internet to repay outstanding convertible bonds.
By Loreta Juodagalvyte; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
MTMY.L