Matomy Media trustee sets new series A bondholder meeting for Dec. 1

Chicago, Nov. 25 – Matomy Media Group Ltd. said the trustee of the series A bondholders published a notice to convene a bondholders meeting that will be held on Dec. 1.

On the agenda is a resolution of full early redemption of the bonds, according to the notice.

If the bondholders approve the resolution on the agenda by a 2/3 majority, then the company will be authorized to execute a full early redemption of the bonds at par plus interest, provided that early redemption will take place before Jan. 15, 2020.

Early redemption of the bonds is subject to the completion of the transaction for the sale of the company’s shares in Team Internet.

Matomy Media Group is a Tel Aviv-based global media company.

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