Matomy Media Group Ltd Update regarding EGM (1862O)
November 02 2016 - 12:10PM
UK Regulatory
TIDMMTMY
RNS Number : 1862O
Matomy Media Group Ltd
02 November 2016
FOR IMMEDIATE RELEASE
2 November 2016
Update Regarding Matomy Shareholders' Request
For Convention of An Extraordinary General Meeting of
Shareholders
LONDON and TEL AVIV, November 1, 2016 - Matomy Media Group Ltd.
(LSE: MTMY; TASE: MTMY.TA) (the "Company") announced on September
30, 2016 that it had issued a notice of Extraordinary General
Meeting (the "EGM") pursuant to a request of Brosh Funds Management
Ltd. and Exodus Management Israel Ltd. (collectively, "Brosh"), two
affiliated shareholders of the Company.
The EGM is convened to seek Shareholder votes on the following
proposed resolutions:
Resolution 1: To increase the number of Directors (as defined in
the Articles) from eight to ten;
Resolution 2: Subject to and conditional upon the adoption of
Resolution 1, to appoint Mr. Amir Efrati as a member of the Board;
and
Resolution 3: Subject to and conditional upon the adoption of
Resolution 1, to appoint Mr. Nir Tarlovsky as a member of the
Board,
(together, the "Brosh Resolutions").
This announcement is in furtherance to the strategic review to
evaluate opportunities to maximise shareholder value which was
initiated by the Company's board of directors (the "Board") in June
2016 (the "Strategic Review") which led to the engagement of RBC
Capital Markets, LLC as its financial advisor to consider strategic
alternatives as part of a Strategic Review, as indicated in the
Company's announcement of October 18, 2016.
Following the announcement of the Strategic Review, certain
members of the Board met and held discussions with Mr. Amir Efrati
and Mr. Nir Tarlovsky, pursuant to which they established that Mr.
Efrati and Mr. Tarlovsky are aligned with the Strategic Review's
goals set by the Board, and they will contribute positively to the
Board as the Company continues its Strategic Review. Therefore, the
Board is in favour of the Brosh Resolutions and is looking forward
to having Mr. Efrati and Mr. Tarlovsky join the Board.
About Matomy Media Group Ltd.
Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA) is a world
leading media company delivering smart technology solutions and a
personalized approach to advertising. By providing customized
performance and programmatic solutions supported by internal media
capabilities, "big data" analytics and optimization technology,
Matomy empowers advertising and media partners to meet their
evolving growth-driven goals. Matomy offers a single gateway to
digital media channels including mobile, video, display, social,
email marketing, search marketing (SEM, SEO, and ASO) anddomain
monetization. Founded in 2007, with headquarters in Tel Aviv,
growing presence in the USA and six offices around the world,
Matomy is dual listed on the London and Tel Aviv Stock Exchanges.
Learn more about Matomy at www.matomy.com.
For more information:
www.Matomy.com
Facebook: www.facebook.com/MatomyMediaGroup
Follow Matomy on Twitter: @MatomyGroup
LinkedIn: www.linkedin.com/company/matomy-media-group
Enquiries:
Matomy Media Group
Lipaz Kloper, Head of Investor Relations
lipaz.k@matomy.com
+972 77360 6161
KCSA
Investor Relations
Elizabeth Barker / Garth Russell
matomy@kcsa.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUGGMUGUPQGMP
(END) Dow Jones Newswires
November 02, 2016 13:10 ET (17:10 GMT)
Matomy Media (LSE:MTMY)
Historical Stock Chart
From Apr 2024 to May 2024
Matomy Media (LSE:MTMY)
Historical Stock Chart
From May 2023 to May 2024