Matomy Media Gets Stakeholder, Bondholder Support Extension

(Alliance News) - Matomy Media Group PLC on Wednesday said shareholders and bondholders have agreed to extend a period of support up to the end of October.

The Israeli media firm on Tuesday said a bondholder had demanded a meeting to vote in immediate bond repayments, unless Matomy sells its Team Internet AG stake by November 6.

A similar resolution was tabled in July, which was rejected.

Matomy has been working to sell its Team Internet stake and repay bondholder debt and "a unilateral decision to demand an immediate repayment of the bonds may materially prejudice the chances to complete such sale", it said previously.

By George Collard; georgecollard@alliancenews.com

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