23 Jun 2020 15:48
FOR IMMEDIATE RELEASEJune 23, 2020
Matomy Media Group Ltd.
Re: Announcement Regarding a Receiving Deferred Cash Payment of EUR 1.6 Million
Further to the announcements made by Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA) (the "Company" or "Matomy") on November 15, 2019 and December 24, 2019 (RNS 6530T and RNS 9519X, respectively), regarding the sale of the Company shares (90%) in Team Internet AG to Centralnic Group PLC ("CNIC"), the Company hereby announces that on June 23, 2020, six months following the closing, the deferred cash payment of EUR 1.6 million was paid by CNIC to the Company, in accordance with the terms of the transaction between the Company, Rainmaker Investments GmbH and CNIC.
About Matomy
Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA) founded in 2007 with headquarters in Tel-Aviv. Matomy is dual-listed on the London and Tel Aviv Stock Exchanges.
Press Contact Information:
Ilan Tamir, Ilan.T@matomy.com, +972-525156464
Website: http://investors.matomy.com
MTMY.L (MTMY)