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Isitsaturdayyet this might help. Not totally worthless but not far off.
8/3/21. Matomy Media Group Plc - Delisting
What has happened?
Matomy Media Group Plc Shares were cancelled from trading on the LSE from 23 November 2020. This was due to their failure to meet the required listing rules. Matomy Media Group Plc will now be solely quoted and traded on the Tel Aviv Stock Exchange. As we are unable to trade on the Tel Aviv Stock Exchange you are unable to sell these shares via Hargreaves Lansdown.
Important information for ISA holders
As a result of the delisting, the Company’s shares no longer meet the HMRC rules to be held within an ISA and must therefore be removed from your ISA.
In order to continue to hold these shares on our platform they will need to be moved into a Fund & Share Account. If you have a Fund & Share Account open on 18 March 2021 then you will be required to take no further action. There is no charge for moving these shares. If you do not have a Fund & Share Account open with us you can open one with us either online or over the phone on 0117 900 9000.
If you do not have a Fund & Share Account open by 18 March 2021 then we will place your holding into an inactive version which you can subsequently activate by following the same account opening procedure as above.
Should you have any queries relating to the Delisting please contact us at https://www.hl.co.uk/contact-us. Please note, we can provide factual assistance but cannot provide advice.
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Yours sincerely
HL Corporate Actions
Hi , got a small holding or is it now , i had a small holding in MTMY . I've not checked in here for ages , knew it was delisted last June , are the shares now worthless ? Any help would be much appreciated .
Anyone know where we are up to with this share.
Any key dates, transfers or renumeration
How much are you offering per share AJ?
The company has outlined a PAINFUL process of transferring the registration of the shares from LSE to TASE
If you wish to avoid this, I am an Israeli shareholder and am willing to buy shares off-market.
I am buying! Who is selling?
0.0485+0.0031 (+6.83%)
MATOMY MEDIA GROUP IS-,01 (09M.BE)
Berlin - Berlin Delayed price. Currency in EUR
0.0485+0.0031 (+6.83%)
As of 12 June 8:06AM CEST. Market open.
"The Company has been informed by the London Stock Exchange that it must comply in full with all continuing eligibility requirements under the HGS Rules within six months of the date of the extraordinary general meeting of the Company's shareholders approving the sale of Team Internet which occurred on 24 December 2019 (the "Compliance Period"). If the Company is unable to meet all continuing eligibility requirements within the Compliance Period, the Company's securities will be suspended from admission to trading on the High Growth Segment of the London Stock Exchange's main market for listed securities."
Matomy has a net asset value of around 3p. A change in management is not going to change the value of a company with no business.
This share will delist from LSE on the 24th of June. I see no justification for the current share price.
Summary:
Medigus purchased all the shares owned by Publicis (22.67%) for NIS 23 (5.32p), and want to convene a meeting to install Medigus as directors.
Medigus Ltd. (the “Company”), hereby announces that, following its Report of Foreign Private Issuer on Form 6-K, furnished to the Securities and Exchange Commission, or SEC, on February 13, 2020, regarding its ongoing negotiations with certain shareholders of Matomy Media Group Ltd. (“Matomy”), and on February 18, 2020, regarding its purchase of 2,284,865 ordinary shares of Matomy, representing 2.32% of the issued and outstanding share capital of Matomy, the Company has completed a transaction to purchase additional 22,326,246 ordinary shares of Matomy, representing 22.67% of the issued and outstanding share capital of Matomy for a total consideration of US$ 1,463,807.46 (reflecting the same
price per share, as in the previous transaction, of NIS 0.23).
Pursuant to Section 63(b)(2) of the Israeli Companies Law, 5759-1999 (the “Companies Law”), the Company issued a letter to Matomy’s board of directors, requesting to convene a special general meeting of the shareholders of Matomy immediately, and no later than April 30, 2020, as required by the Companies Law (the “Special Meeting”). The agenda for the Special Meeting includes: (i) resolutions to remove the current serving director of the Company, other than the external director, and to appoint in his stead the following director nominees: Mr. Eli Yoresh, the Company’s chairman of the board of directors, Mr. Liron Carmel, the Company’s chief executive officer, Ms. Kineret Tzedef, member of the Company’s board of directors, Mr. Lior Amit and Mr. Amitay Wiss; and (ii) resolution to amend the current articles of association of the Company to approve a reduction in the board of directors size.
Reminder of the takeover code:
a shareholder must make an offer when its shareholding, including that of parties acting in concert (a "concert party"), reaches 30% of the target
the level of the offer must not be less than any price paid by the bidder in the twelve months before the announcement of a firm intention to make an offer
if shares are bought during the offer period at a price higher than the offer price, the offer must be increased to that price
"Medigus Ltd. (the “Company”), hereby announces that, following its Report of Foreign Private Issuer on Form 6-K, furnished to the Securities and Exchange Commission, or SEC, on February 13, 2020 regarding its ongoing negotiations with certain shareholders of Matomy Media Group Ltd. (“Matomy”), the Company purchased 2,284,865 ordinary shares of Matomy, representing 2.32% of the issued and outstanding share capital of Matomy for a total consideration of approximately US$ 153,034 (reflecting a price per share of NIS 0.23 (5.16p) (the “PPS”)). The Company continues its negotiations to purchase up to additional 22.67% of the issued and outstanding share capital of Matomy based on the same PPS."
Medigus is an Israeli medical devices company. Buying Matomy would give them a London listing and a whole bunch of Tel Aviv office space. The selling shareholder must be Publicis.
Tel Aviv up 15%
"On February 13, 2020, Medigus Ltd. (the “Company”), announced its ongoing negotiations with certain shareholders of Matomy Media
Group Ltd., a dual listed Israeli public company with its shares listed on the London Stock Exchange and the Tel-Aviv Stock Exchange Ltd.
(“Matomy”) for the potential purchase of outstanding ordinary shares, representing 24.99% of the issued and outstanding share capital of Matomy. "
"Medigus negotiates with Matomy's shareholders to acquire 24.99% of Matomi"
That statement seems to have perked the market...
Tomer Kornfeld:
"The battle for Matomy's skeleton is heating up - Cybele investment house has become a stakeholder alongside Kfir Silberman.
Whoever wins the skeleton is the one that Publicis will agree to sell his shares to....
After selling its business and repaying the entire bond - Matomy is today a cash-rich skeleton."
Why always dwelling on the past, wongtogo? Sure, it is a great injustice to the shareholders that this $250m company was reduced in this way, but we have to move past that and focus on the here and now.
Rats leaving a sinking ship springs to mind. A s far as the $8.5mill owed by WhiteDelivery. just one of many deals done to enrich the rats leaving. now past to a 3rd party and job done $300mill richer.
Shachar Saidon now has a 5.85% stake. Kfir Silberman has a 5% stake. Ilan Shiloah and Nir Talovsky sold their stakes. Looks like a changing of the management, and not a moment too soon. They should cancel the management bonuses, lease out the unused office space and consider selling the stock exchange listings. This company has plenty of potential for increasing its value. Still can't believe they haven't recovered the $8.5m from WhiteDelivery.
Still very odd that we have not been officially notified that the 101 million
Nis bonds have been repaid.
Perhaps behind the scenes somethings
Brewing
Hopefully some news soon
Strange no RNS today on payment of the bonds
And financial position of equity of matomy
Hopefully something tomorrow
Bonds should be paid back today leaving just a positive cash balance.
In my view, as the share price is so much lower than the cash value of the company any distribution of funds to shareholders should be in the form of share buybacks.