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Approval of Company's Proposed Plan

30th Jan 2019 07:00

RNS Number : 5103O
Matomy Media Group Ltd
30 January 2019
 

January 30, 2019

 

Approval of Company's Proposed Plan

 

Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA) ("Matomy" or the "Company") is pleased to announce that the trustee of the bondholders (the "Trustee") has published the results of yesterday's vote of the bondholders in which the majority of the bondholders voted in favour of an indicative non-binding approval of the Company's proposed plan, as announced on January 23, 2019 (RNS Number 9048N).

 

The bondholders vote was quorate (100% of the bonds participating). 72.14% of the bonds that voted, voted to in favour of the Company's proposed plan and 27.86% voted against.

 

The parties will now enter into discussions to complete the agreements and implement the actions required to give effect the Company's proposed plan.

 

It is noted that the final agreement subject to receipt of all the required approvals, including the Company's Board of Directors, the bondholders, the competent Israeli court, and any other body or authority whose approval may be required. As of the date hereof, such required approvals have not yet been received and there is no certainty or assurances that they will be accepted.

 

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:

Matomy Media Group

Pamela Becker, VP Global Marketing

[email protected]+972-74-7161971

Press Contact Information: 

Noam Yellin, [email protected], +972544246720

 

Website: http://investors.matomy.com LinkedIn: www.linkedin.com/Company/matomy-media-group 

Twitter: @MatomyGroup

Facebook: www.facebook.com/MatomyMediaGroup

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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