10 Jun 2019 07:00
June 10, 2019
Supplementary Report - Sale Offer
Further to the previous announcements made by Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA) ("Matomy" or the "Company") on April 4 and May 15, 2019 regarding a conditional offer received by the Company for the sale of all of its shares in Team Internet AG ("Team Internet") (90%) to Rainmaker Investments GmbH and a partner designated by it (the "Purchaser" and the "Sale Offer", respectively) (RNS Number 2145V and 9410Y, respectively), the Company hereby announces that the parties have mutually agreed to extend the due diligence period until June 30, 2019, in order to conclude the due diligence and reach an agreed upon definitive agreement. As noted in the previous announcements, the performance of a satisfactory due diligence by the Purchaser is one of the conditions precedent of the Sale Offer.
Cautionary Statement
THE NEGOTIATIONS RELATING TO THE FINAL TERMS OF THE SALE OFFER ARE STILL NOT FINALIZED AND THERE IS NO CERTAINTY THAT SUCH NEGOTIATIONS WILL RESULT IN A BINDING AGREEMENT OR THAT SUCH AGREEMENT WOULD BE CONCLUDED.
The announcement is prepared for convenience purposes only and it does not constitute or form part of, and should not be construed as, an offer to sell or issue, or the solicitation of an offer to buy or acquire, securities of Matomy in any jurisdiction or an inducement to enter into any investment activity.
This announcement includes forward-looking statements, which include all statements other than statements of historic facts, including, without limitation, those regarding Matomy's and/or its subsidiaries' (the "Group") financial position, business strategy, plans and objectives of management for future operations, or any statements preceded by, followed by or that include the words "targets", "believes", "expects", "aims", "intends", "will", "may", "anticipates", "would", "could" or similar expressions or negatives thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Group's control that could cause the actual results, performance or achievements of the Group to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Group's present and future business strategies and the environment in which the Group will operate in the future. These forward-looking statements speak only as at the date of this announcement. The Company, its directors and its or their advisers expressly disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the Group's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based unless required to do so by applicable law or the Rules of the High Growth Segment.
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.
Press Contact Information:
Noam Yellin, Noam@smartteam.co.il, +972544246720
Website: http://investors.matomy.com