6 Dec 2018 08:40
December 6, 2018
Clarification regarding the Correspondence with the Trustee of the Bondholders
In furtherance to the announcement made on 5 December 2018, regarding the Correspondence with the Trustee of the Bondholders (the "Announcement"), Matomy Media Group Ltd. (LSE:MTMY, TASE:MTMY.TA) (the "Company") announces that an English translation of the letters referenced in the Announcement will also be made available on the Company's website.
The Company is also clarifying that the letter received from legal counsel to the trustee of the bondholders which is referenced in the Announcement includes various alleged claims against the Company and its officers, regarding its conduct, provision of information and past disclosures. The letter also states that as part of rights and remedies available to the bondholders they are entitled to declare an event of default under the terms of the bond and an immediate repayment of all amounts under the bonds.
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The Company also provided a copy of its response letter, which reject these claims, lists various defaults and violations of the terms of the bonds, explains that despite various statements, currently no event has occurred that constitutes an event of default under the Company's bonds, clarifies the Company's compliance with its disclosure obligations and calls all stakeholders to commence discussion based on the plan presented by the Company as announced on December 3, 2018.
About Matomy
Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA) is a global media company. Founded in 2007 with headquarters in Tel-Aviv and seven offices around the world, Matomy is dual-listed on the and Tel Aviv Stock Exchanges.
For more information:
Matomy Media GroupPamela Becker, VP Global Marketingpamela.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