TIDMMTMY
RNS Number : 8424D
Matomy Media Group Ltd
02 February 2018
FOR IMMEDIATE RELEASE
2 February 2018
Matomy Media Group Ltd.
Completion of Institutional Tender
Matomy Media Group Ltd. (the "Company") is pleased to confirm
that, further to the announcement made on 28 December 2017
regarding the contemplated issuance of convertible bonds, it has
completed the Institutional Tender in connection with such
issuance.
The Institutional Tender was completed following the recent
appointment of new CEO Liam Galin, and a successful roadshow among
leading institutional investors in Israel, resulting in Matomy
successfully completing the institutional stage of its convertible
bond issuance which has been approved by the Tel Aviv Stock
Exchange.
The Company is pleased to announce that at the institutional
stage the bond was over three times oversubscribed, with
institutional demand of nearly 280 million NIS. The Company will be
raising NIS 80 million from institutional investors, who
participated in this stage, this, as planned represents 80% of the
total bond issuance.
As previously noted the proceeds from the issuance will be used
mainly to acquire an additional 10% of Team Internet, a global
market leader in domain monetization, raising Matomy's holding to
90%. Matomy expects to acquire the final 10% of Team Internet in
November 2018.
The following shareholders, each of whom are related parties for
the purposes of the High Growth Segment Rules for Companies because
they are either directors of the Company ("Directors") or
substantial shareholders, will be purchasing bonds through the
Institutional stage. The pricing of the bonds is subject to an
auction process, with acceptances above the minimum price
level.
Bid Price Number of
Related party (NIS) Bonds Total Subscription
Brosh Capital
Ltd. 1,100 8,400 NIS 9.2m
WVP (affiliated
entity of
Brosh Capital
Ltd.) 1,100 836 NIS 0.9m
MEITAV DASH
PROVIDENT
FUNDS AND
PENSION LTD 1,051 14,850 NIS 15.6m
MEITAV DASH
PORTFOLIO
MANAGEMENT
LTD. 1,056 847 NIS 0.9m
In light of the fact that pricing of the bonds is determined
through an auction process as aforesaid, the Board considers that
the terms of the related party transactions are fair and reasonable
insofar as the Company's shareholders are concerned.
The Company will provide a further update in due course on the
results of the public tender for the remaining 20% of the bond
issuance, the final results of the issuance and any further
notifications of participation from related parties that are
received.
About Matomy Media Group Ltd.
Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA) Matomy is a
global media company with a portfolio of superior data-driven
platforms for mobile, video, domain and email advertising. By
providing customized performance and programmatic solutions
supported by internal media capabilities, data analytics, and
optimization technology, Matomy empowers advertising and media
partners to meet their evolving growth-driven goals. Founded in
2007 with headquarters in Tel Aviv and 11 offices around the world,
Matomy is dual-listed on the London and Tel Aviv Stock
Exchanges.
For more information:
Website: http://investors.matomy.com/
LinkedIn: www.linkedin.com/company/matomy-media-group
Twitter: @MatomyGroup
Facebook: www.facebook.com/MatomyMediaGroup
Enquiries:
Matomy Media Group
Pamela Becker, VP Global Marketing
pamela.b@matomy.com
+972-74-7161971
Press Contact Information:
Justine Rosin
justine@headline-media.com
UK: 0203-769-5656 | USA: 917-724-2176
Investor Relations:
Daniel Polad
danielp@pr-ir.co.il
+972-505560216
Legal Disclaimers
This announcement and the information contained in it is
restricted and is not for publication, release or distribution, in
whole or in part, directly or indirectly, in, into or from the
United States, Australia, Canada, South Africa or Japan or any
other state or jurisdiction in which publication, release or
distribution would be unlawful, restricted or unauthorised (each a
"Restricted Territory"). This announcement is for information
purposes only and does not constitute an offer to sell or issue, or
the solicitation of an offer to buy, acquire or subscribe for the
Bonds in any Restricted Territory or any other state or
jurisdiction in which such offer or solicitation is not authorised
or to any person to whom it is unlawful to make such offer or
solicitation. Any failure to comply with these restrictions may
constitute a violation of the securities laws of such
jurisdictions. Subject to certain exemptions, the securities
referred to in this announcement may not be offered or sold in any
Restricted Territory or for the account or benefit of any national
resident or citizen of any Restricted Territory. The Bonds have not
been and will not be registered under the United States Securities
Act of 1933, as amended (the "Securities Act"), or with any
securities regulatory authority of any state or other jurisdiction
of the United States and may not be offered, sold, taken up,
resold, transferred or delivered, directly or indirectly, in, into
or within the United States.
The Bonds, may be offered and sold only in Israel pursuant to a
prospectus, subject to the approval of the approval of the Israel
Securities Authority ("ISA") and subject to Tel Aviv Stock Exchange
("TASE") approval of the registration of the Bonds for trade. This
announcement is for information purposes only and does not
constitute an offer to sell or issue, or the solicitation of an
offer to buy, acquire or subscribe for the Bonds in Israel, or any
other jurisdiction.
No offering of the Bonds referred to in this announcement will
be made in the United States, the European Economic Area, any
Restricted Territory or elsewhere outside Israel.
The Bonds have not been and will not be approved or disapproved
by the US Securities and Exchange Commission, any state securities
commission or any other regulatory authority in the United States
or elsewhere other than in Israel, nor have any of the foregoing
authorities passed upon or endorsed the merits of the Bonds or the
accuracy or adequacy of this announcement. Any representation to
the contrary is unlawful.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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February 02, 2018 12:43 ET (17:43 GMT)
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