20th Dec 2018 17:10
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
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