Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Request to appoint Financial Expert by the Trustee

20th Dec 2018 17:10

RNS Number : 1909L
Matomy Media Group Ltd
20 December 2018
 

December 20, 2018

 

Request by the Trustee of the Bondholders to appoint a Financial Expert

 

Matomy Media Group Ltd. (LSE:MTMY, TASE:MTMY.TA) (the "Company") announces that the trustee of the bondholders (the "Trustee") filed on December 19, 2018, an application to the District Court in Tel-Aviv for the appointment of Mr Omer Servinsky, as a court appointed financial expert in connection with the discussions between the Company and the representatives of the bondholders (the "Application").

 

The Application states that such appointment (including the requirement that the Company will bear the costs of the financial expert) is made in accordance with sections 350(18)(c) and 350(22)(b) of the Companies Law 5759-1999 and the regulations promulgated pursuant thereto. The Application further notes that it is the Company's position that under these current circumstances there is no need for appointing such a financial expert.

 

The Court ruled that the Company should submit its response within 7 days.

 

A copy of the full Application is available on the website of the Israel Securities Authority: http://www.magna.isa.gov.il/.

 

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 GroupPamela Becker, VP Global Marketingpamela.b@matomy.com+972-74-7161971

Press Contact Information: 

Noam Yellin, Noam@smartteam.co.il, +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 rns@lseg.com or visit www.rns.com.
 
END
 
 
MSCPGGCUPUPRGMU

Related Shares:

MTMY.L
FTSE 100 Latest
Value8,601.29
Change46.49