30 Jan 2019 07:00
January 30, 2019
Approval of Company's Proposed Plan
Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA) ("Matomy" or the "Company") is pleased to announce that the trustee of the bondholders (the "Trustee") has published the results of yesterday's vote of the bondholders in which the majority of the bondholders voted in favour of an indicative non-binding approval of the Company's proposed plan, as announced on January 23, 2019 (RNS Number 9048N).
The bondholders vote was quorate (100% of the bonds participating). 72.14% of the bonds that voted, voted to in favour of the Company's proposed plan and 27.86% voted against.
The parties will now enter into discussions to complete the agreements and implement the actions required to give effect the Company's proposed plan.
It is noted that the final agreement subject to receipt of all the required approvals, including the Company's Board of Directors, the bondholders, the competent Israeli court, and any other body or authority whose approval may be required. As of the date hereof, such required approvals have not yet been received and there is no certainty or assurances that they will be accepted.
About Matomy
Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA) is a global media company. Founded in 2007 with headquarters in Tel-Aviv. Matomy is dual-listed on the London and Tel Aviv Stock Exchanges.
For more information:
Matomy Media Group
Pamela Becker, VP Global Marketing
pamela.b@matomy.com+972-74-7161971
Press Contact Information:
Noam Yellin, Noam@smartteam.co.il, +972544246720
Website: http://investors.matomy.com LinkedIn: www.linkedin.com/Company/matomy-media-group
Twitter: @MatomyGroup
Facebook: www.facebook.com/MatomyMediaGroup