If you would like to learn more about future focusIR related events and roundtables, please submit your details here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMTMY.L Regulatory News (MTMY)

  • There is currently no data for MTMY

Partial Option Exercise - Team Internet AG Shares

13 Jan 2017 07:21

RNS Number : 1070U
Matomy Media Group Ltd
13 January 2017
 

13 January 2017

 

Matomy Media Group Ltd.

Partial Option Exercise for Team Internet AG Shares

Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA, "Matomy"), one of the world's leading digital advertising companies, is pleased to announce that the minority shareholder in Team Internet AG ("Team Internet") exercised the first of three options it holds that together provide for the transfer to Matomy Germany GmbH & Co. KG of all of its remaining shareholding in Team Internet (being 30% in aggregate). Each option provides for the transfer of a 10% stake in one of the applicable periods (each, an "Exit Sale"). Further details were presented in paragraphs 14.5 and 15.1 of the Additional Information section of Matomy's IPO prospectus, dated 9 July 2014.

In connection with the first Exit Sale, Matomy is purchasing 7,353 ordinary shares in Team Internet for a total cash consideration of US$10.4 Million. This, when combined with Matomy's existing holding, will result in Matomy holding 80% of Team Internet's issued share capital.

Matomy expects to publish one or more additional announcements upon the completion of further Exit Sales for the remaining stake.

Since Matomy's acquisition of a controlling stake in Team Internet in 2014, Team Internet has strengthened its leading position in the global online advertising market. Team Internet's core activities consist of three profitable and attractive business units:

· ParkingCrew, which provides monetization services to website owners;

· TONIC, a DSP, SSP and self-service ad network for desktop and mobile traffic sources; and

· Buyname, a domain registration engine that also manages Team Internet's portfolio of owned and operated websites.

The combined strength of these units has enabled Team Internet's consistent EBITDA growth and strong revenue generation. Team Internet's Q3 2016 revenues of US$ 15.6 million were approximately 46% greater than its Q3 2014 revenues of US$ 10.7 million and its Q3 2016 adjusted EBITDA of US$ 3 million was approximately 79% greater than its Q3 2014 EBITDA of 1.7 million.

The information contained within this announcement is deemed by Matomy to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

About Matomy Media Group Ltd.

Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA) is a world-leading media company with smarter marketing technology and a personalized approach to advertising. By providing customized performance and programmatic solutions supported by internal media capabilities, big data analytics, and optimization technology, Matomy empowers advertising and media partners to meet their evolving growth-driven goals. Matomy's holistic mobile advertising agency, mtmy, is fueled by an in-house Data Management Platform (DMP), and offers a fully-managed service across channels including video, display, social, email and search. Matomy's programmatic platforms include the MobFox SSP, the video advertising platform Optimatic, and the mobile demand side platform myDSP. Founded in 2007 with headquarters in Tel Aviv and 11 offices around the world, Matomy is dual-listed on the London and Tel Aviv Stock Exchanges. Learn more about Matomy at http://www.matomy.com.

 

 

For more information: www.Matomy.com 

Facebook: www.facebook.com/MatomyMediaGroupFollow Matomy on Twitter: @MatomyGroup

LinkedIn: www.linkedin.com/company/matomy-media-group 

Enquiries:

Matomy Media GroupLipaz Kloper, Head of Investor Relationslipaz.k@matomy.com+972 77360 6161

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
HOLZMGMMNFGGNZG
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 amRNSResults of Extraordinary General Meeting
30th Aug 20197:00 amRNSMatomy Media Group 2019 Interim Results
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

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.