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Matomy Media Group (MTMY)

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Monday 25 November, 2019

Matomy Media Group

Update about the upcoming bondholders meeting

RNS Number : 5899U
Matomy Media Group Ltd
25 November 2019
 

November 25, 2019

 

Re:  Update about the upcoming bondholders meeting

Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA) (the "Company") hereby announces that the trustee of the bondholders (Series A) of the Company (the "Trustee") has published a notice to convene a bondholders meeting, that will be held on December 1, 2019 (the "Notice"). On the agenda of such meeting is a resolution of full early redemption of the bonds.

 

According to the Notice, if the bondholders approve the resolution on the agenda by a 2/3 majority, then, despite the provisions of section 7.2 of the Deed of Trust (Series A), the Company shall be authorized to execute a full early redemption of the bonds at their Par Value (principal and interest,) as shall be at the early redemption date, provided that such early redemption will be executed no later than January 15, 2020.

 

It's hereby clarified that such early redemption of the bonds is subject to the completion of the transaction for the sale of the company's shares in Team Internet, as further detailed in the  previous announcement made by the company on November 15, 2019 (RSN 6530T). 

 

 

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

 

 

 


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