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  5. Announcement Regarding a Demand Letter

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Announcement Regarding a Demand Letter

15 May 2020 07:00

RNS Number : 9807M
Matomy Media Group Ltd
14 May 2020
 

 

FOR IMMEDIATE RELEASEMay 14, 2020

Matomy Media Group Ltd.

 

 

Re: Announcement Regarding a Demand Letter

Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA) (the "Company") announces that the Company has recently received a demand letter from a German firm (the "German Firm") under which the German Firm contends it is entitled to a transaction fee of EUR1.25 million under a consultancy agreement between the Company and the German Firm dated November 22, 2017, in connection with the sale of Team Internet AG which was consummated on December 2019 (the "Transaction").

 

Following the Company's preliminary review, the Company rejects the claims under the demand letter since, among other reasons, it appears that the German Firm did not provide any services to the Company after November 2018 and was not involved in the Transaction. The Company will continue reviewing this demand and consulting with its legal advisors, with a view to defending its position if necessary.

About Matomy

Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA) founded in 2007 with headquarters in Tel-Aviv. Matomy is dual-listed on the London and Tel Aviv Stock Exchanges.

Press Contact Information: 

Ilan Tamir, Ilan.T@matomy.com, +972-525156464

 

Website: http://investors.matomy.com

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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Date   Source Headline
5th Feb 20209:19 amRNSResults of EGM - February 5, 2020
3rd Feb 20204:33 pmRNSTotal Voting Rights
3rd Feb 20207:00 amRNSHolding(s) in Company
30th Jan 20202:40 pmRNSNotice of EGM
20th Jan 20207:00 amRNSHolding(s) in Company
7th Jan 20207:23 amRNSTotal Voting Rights
3rd Jan 20207:00 amRNSDirector/PDMR Shareholding
31st Dec 20197:00 amRNSHolding(s) in Company
27th Dec 201912:04 pmRNSAmended Notice on the Full Redemption
27th Dec 201912:03 pmRNSHolding(s) in Company
24th Dec 20197:27 amRNSThe Completion of the Sale of Team Internet
23rd Dec 20194:40 pmRNSSecond Price Monitoring Extn
23rd Dec 20194:35 pmRNSPrice Monitoring Extension
23rd Dec 20193:16 pmRNSFull Redemption of Series A Convertible Bonds
23rd Dec 20198:39 amRNSNotice of Results of the EGM
9th Dec 201912:40 pmRNSResults of Extraordinary General Meeting
4th Dec 20191:04 pmRNSTotal Voting Rights
2nd Dec 20193:54 pmRNSContingent Full Redemption of Series A Bonds
2nd Dec 201910:21 amRNSResults of the Bondholders Vote
28th Nov 20196:04 pmRNS3rd Quarter Results
26th Nov 20192:08 pmRNSExtension Statement of Shareholders Support
25th Nov 20194:14 pmRNSUpdate about the upcoming bondholders meeting
15th Nov 20196:01 pmRNSNotice of GM
15th Nov 20195:57 pmRNSBinding agreement - the Sale of Team Internet
5th Nov 20195:07 pmRNSTotal Voting Rights
4th Nov 20198:29 amRNSNotice of an Extraordinary General Meeting
31st Oct 20192:29 pmRNSUpdate on non-binding offer
30th Oct 20197:00 amRNSExtension Statement of Shareholders Support
17th Oct 201912:42 pmRNSUpdate on non-binding offer
4th Oct 20194:41 pmRNSSecond Price Monitoring Extn
4th Oct 20194:36 pmRNSPrice Monitoring Extension
4th Oct 20197:00 amRNSResults of Bondholders vote
2nd Oct 201910:15 amRNSTotal Voting Rights
25th Sep 20193:37 pmRNSExtension Statement of Shareholders Support
24th Sep 20192:49 pmRNSUpdate and Company position on Bondholders meeting
23rd Sep 20197:00 amRNSCancellation of Vote
20th Sep 20197:00 amRNSUpdate on non-binding offer
16th Sep 20199:09 amRNSPostponement of Vote
9th Sep 20197:00 amRNSOffer for Sale of Company Shares in Team Internet
5th Sep 201910:09 amRNSPostponement of the Bondholders meeting
3rd Sep 20192:44 pmRNSTotal Voting Rights
2nd Sep 20197:00 amRNSUpdate about the upcoming bondholders meeting
30th Aug 20197:00 amRNSMatomy Media Group 2019 Interim Results
30th Aug 20197:00 amRNSResults of Extraordinary General Meeting
28th Aug 20194:16 pmRNSExtension Statement of Shareholders Support
28th Aug 201912:34 pmRNSOffers for the Sale of the Team Internet shares
21st Aug 20193:55 pmRNSUpdate on Negotiations
6th Aug 20197:00 amRNSTotal Voting Rights
5th Aug 20193:02 pmRNSExtension of Shareholder support letter
5th Aug 20197:00 amRNSUpdate on Negotiations
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