Matomy Media Group Ltd Results of Bondholders Vote (9627V)
April 11 2019 - 11:51AM
UK Regulatory
TIDMMTMY
RNS Number : 9627V
Matomy Media Group Ltd
11 April 2019
April 11, 2019
Result of Bondholders Vote
Further to the previous announcements made by Matomy Media Group
Ltd. (LSE: MTMY, TASE: MTMY.TA) ("Matomy" or the "Company")
regarding a conditioned offer received by the Company for the sale
of all of its shares in Team Internet AG ("Team Internet") (90%) to
Rainmaker Investments GmbH (the "Sale Offer"), and regarding the
Company's letter to its bondholders' trustee (the "Trustee") with
regard to the Trustee's convening of a bondholders' meeting to vote
on the approval of such Sale Offer, as were published by the
Company on April 4, 2019 and April 8, 2019 (RNS Number 2145V and
RNS 4863V, respectively), the Company hereby announces that the
Trustee has published, on April 11, 2019, a report on the results
of such bondholders' vote as follows.
The bondholders vote was quorate (79.4% of the outstanding bonds
were represented). All the present bondholders have unanimously
voted to approve the Sale Offer, and it was clarified that such
vote was also considered to include an approval of the bondholders
to a full early payment of the bonds at their par value to be made
around the same time of the closing of the Sale Offer transaction,
as well as to the amendment of the Trust Deed to allow such early
payment and constituted the authorization of the Trustee to execute
such an amendment to the Trust Deed, all subject to the closing of
the Sale Offer transaction.
Cautionary Statement
THE NEGOTIATIONS RELATING TO THE FINAL TERMS OF THE SALE OFFER
ARE STILL NOT FINALIZED AND THERE IS NO CERTAINTY THAT SUCH
NEGOTIATIONS WILL RESULT IN A BINDING AGREEMENT OR THAT SUCH
AGREEMENT WOULD BE CONCLUDED.
The announcement is prepared for convenience purposes only and
it does not constitute or form part of, and should not be construed
as, an offer to sell or issue, or the solicitation of an offer to
buy or acquire, securities of Matomy in any jurisdiction or an
inducement to enter into any investment activity.
This announcement includes forward-looking statements, which
include all statements other than statements of historic facts,
including, without limitation, those regarding Matomy's and/or its
subsidiaries' (the "Group") financial position, business strategy,
plans and objectives of management for future operations, or any
statements preceded by, followed by or that include the words
"targets", "believes", "expects", "aims", "intends", "will", "may",
"anticipates", "would", "could" or similar expressions or negatives
thereof. Such forward-looking statements involve known and unknown
risks, uncertainties and other important factors beyond the Group's
control that could cause the actual results, performance or
achievements of the Group to be materially different from future
results, performance or achievements expressed or implied by such
forward-looking statements. Such forward-looking statements are
based on numerous assumptions regarding the Group's present and
future business strategies and the environment in which the Group
will operate in the future. These forward-looking statements speak
only as at the date of this announcement. The Company, its
directors and its or their advisers expressly disclaim any
obligation or undertaking to disseminate any updates or revisions
to any forward-looking statements contained herein to reflect any
change in the Group's expectations with regard thereto or any
change in events, conditions or circumstances on which any such
statements are based unless required to do so by applicable law or
the Rules of the High Growth Segment.
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
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
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