(Alliance News) - Matomy Media Group Ltd on Monday confirmed it will fully redeem all outstanding convertible bonds following a bondholder vote.
The vote was held on Sunday, with 78% of bondholders electing for full redemption, which is contingent on Tel Aviv-based Matomy completing the USD48 million sale of Team Internet AG to CentralNic Group PLC.
Advertising technology firm Matomy will redeem the bonds by January 8, it said, for NIS101.1 million, or GBP22.5 million.
Matomy shares ended 2.3% higher on Monday in London at a price of 2.71 pence each.
By George Collard; georgecollard@alliancenews.com
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