Matomy Media Group Ltd Sale Offer - Supplementary Report (9410Y)
May 14 2019 - 3:06AM
UK Regulatory
TIDMMTMY
RNS Number : 9410Y
Matomy Media Group Ltd
14 May 2019
May 14, 2019
Sale Offer - Supplementary Report
Further to the previous announcement made by Matomy Media Group
Ltd. (LSE: MTMY, TASE: MTMY.TA) ("Matomy" or the "Company") on
April 4, 2019 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 and a partner
designated by it, (the "Purchaser" and the "Sale Offer",
respectively) (RNS Number 2145V), the Company hereby announces that
the Purchaser has exercised its right to extend the due diligence
period by additional 30 days (i.e. until June 10, 2019). As noted
in the previous announcement, the performance of a satisfactory due
diligence by the Purchaser is one of the conditions precedent of
the Sale Offer.
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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