LONDON (Alliance News) - Matomy Media Group Ltd said Thursday its bondholders have unanimously voted to approve the sale of Matomy's 90% stake in Team Internet to Rainmaker Investments GmbH.
The media company said Monday it would accept a USD36 million cash offer for its Team Internet stake and would use the funds to make early payments to Matomy bondholders. 79% of bonds were represented in the vote, all of which were cast in favour of the sale.
"All the present bondholders have unanimously voted to approve the sale offer, and it was clarified that such vote was also considered to include an approval of the bondholders to a full early payment of the bonds at their par value to be made around the same time of the closing of the sale offer transaction," said Matomy.
Shares in Matomy closed down 1.9% at 5.15 pence on Thursday.