27th Dec 2019 12:04
December 27, 2019
Amended Notice on the Full Redemption of Series A Convertible Bonds of
Matomy Media Group Ltd.
Further to Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA) ("Matomy" or the "Company") announcements dated December 2 and December 23, 2019 (RNS number: 3889V and 8830X) with regard to the full early redemption of the outstanding convertible bonds (Series A) of the Company (the "Bonds")[1], the Company hereby announces that the full early redemption of the Bonds shall be executed on January 8, 2020 (the "Early Redemption" and the "Redemption Date").
1. The last day to convert the Bonds into Company shares shall be December 30, 2019 (the "Last Conversion Date").
2. The consideration to be paid to the bondholder for the full early redemption of the Bonds is set forth below (the "Consideration")[2]:
Principal of the convertible bonds (Series A) | NIS101,000,000 |
The interest rate for the period commencing on January 1, 2020 and until the Redemption Date January 8, 2020 | 0.14246%[3] |
Accrued interest of the convertible bonds (Series A) for the period commencing on January 1, 2020 and until the Redemption Date January 8, 2020 | NIS 143,890 |
The total sum to be paid for each NIS 1 par value Bond | NIS 1.0014 |
The aggregate Consideration to be paid | NIS 101,143,8903 |
3. It should be noted that the Consideration to be paid to the bondholders on the Redemption Date, as set forth in section 3 above, is in addition to the interest payment for the period commencing on July 1, 2019 and ending on December 31, 2019, in the sum of NIS 3,282,500 that will be paid to the bondholders on December 31, 2019.
4. In accordance with Tel-Aviv Stock Exchange (the "TASE") Regulations, the bondholders that will be entitled for the Consideration for the full redemption of the Bonds shall be those who hold the Company's Bonds on the Redemption Date.
5. TASE members shall withhold any applicable tax from the Consideration.
6. Pursuant the early redemption, the Company shall fully repay all of its obligations to the bondholders and the Bonds will be delisted from the TASE.
About Matomy
Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA) is a global media company. Founded in 2007 with headquarters in Tel-Aviv. Matomy is dual-listed on the London and Tel Aviv Stock Exchanges.
For more information:
Press Contact Information:
Noam Yellin, [email protected], +972-54-4246720
Website: http://investors.matomy.com
[1] As of this date, the outstanding par value of the bonds (Series A) is NIS 101,000,000. Every NIS 4.26 par value Bond is convertible to NIS 0.01 ordinary shares of the Company.
[2] The Consideration set forth in the table above is based on the outstanding par value of the Bonds, as set forth in footnote 1 above. The Company estimates that none of the bondholders shall convert the Bonds prior to the Last Conversion Date.
[3] The table above includes an amendment to the interest rate for the period commencing on January 1, 2020 and until the Redemption Date and to the aggregate Consideration to be paid, due to a typo that was included in the previous announcement of the Company.
Related Shares:
MTMY.L