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Results of Bondholders vote

4th Oct 2019 07:00

RNS Number : 7450O
Matomy Media Group Ltd
03 October 2019
 

October 3, 2019

 

Re: Results of the Bondholders Vote

Further to the previous announcement made by Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA) ("Matomy" or the "Company") on September 23, 2019 (RNS 5061N) regarding the convening of a bondholders meeting by the trustee of the bondholders (Series A) of the Company ("Trustee") that was held on October 2, 2019, with a proposed resolution to approve a contingent demand for an immediate repayment of the bonds if the Company will not sign a binding share purchase agreement to sell the Company's shares (90%) in Team Internet AG for a consideration that will suffice for the full repayment of the bonds (principal and interest) by November 6, 2019 (the "Proposed Repayment Demand Resolution"), the Company hereby announces that the Trustee has published the results of such bondholders' vote, according to which the Proposed Repayment Demand Resolution was rejected.

The bondholders vote was quorate (78.8% of the bonds were represented). 52.88% of the bonds that voted, voted to reject the Proposed Repayment Demand Resolution and 47.12% voted in favor of the proposed resolution.

 

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.

Press Contact Information: 

Noam Yellin, [email protected], +972544246720

 

Website: http://investors.matomy.com

 

 

 

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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