2 Sep 2019 07:00
September 02, 2019
Re: Update about the upcoming bondholders meeting
Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA) (the "Company") hereby announces that the trustee of the bondholders (Series A) of the Company (the "Trustee") has published a notice to convene a bondholders meeting, at the request of a few bondholders, that will be held on September 5, 2019 (the "Notice"). On the agenda of such meeting is a resolution of a contingent demand of an immediate repayment of the bonds.
According to the Notice, if the bondholders approve the resolution on the agenda by a simple majority, and one of the following actions will not be taken within 30 days following the day of the publication of the results of such bondholders meeting, the trustee will demand an immediate and full repayment of the bonds:
a. A partial early repayment of the bonds, in the amount of $5.5M.
b. The shareholders who provided the Letters of Support (as was extended on August 28, 2019 (RNS 4599K)), will inject the funds necessary by the Company to fully repay its obligations.
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