Matomy Media Group Ltd Results of Bondholders vote (7450O)
October 04 2019 - 1:00AM
UK Regulatory
TIDMMTMY
RNS Number : 7450O
Matomy Media Group Ltd
03 October 2019
October 3, 2019
Re: Results of the Bondholders Vote
Further to the previous announcement made by Matomy Media Group
Ltd. (LSE: MTMY, TASE: MTMY.TA) ("Matomy" or the "Company") on
September 23, 2019 (RNS 5061N) regarding the convening of a
bondholders meeting by the trustee of the bondholders (Series A) of
the Company ("Trustee") that was held on October 2, 2019, with a
proposed resolution to approve a contingent demand for an immediate
repayment of the bonds if the Company will not sign a binding share
purchase agreement to sell the Company's shares (90%) in Team
Internet AG for a consideration that will suffice for the full
repayment of the bonds (principal and interest) by November 6, 2019
(the "Proposed Repayment Demand Resolution"), the Company hereby
announces that the Trustee has published the results of such
bondholders' vote, according to which the Proposed Repayment Demand
Resolution was rejected.
The bondholders vote was quorate (78.8% of the bonds were
represented). 52.88% of the bonds that voted, voted to reject the
Proposed Repayment Demand Resolution and 47.12% voted in favor of
the proposed resolution.
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, Noam@smartteam.co.il, +972544246720
Website: http://investors.matomy.com
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