Matomy Media Group Ltd Announcement Regarding a Demand Letter (9807M)

TIDMMTMY

RNS Number : 9807M

Matomy Media Group Ltd

14 May 2020

FOR IMMEDIATE RELEASE

May 14, 2020

Matomy Media Group Ltd.

Re: Announcement Regarding a Demand Letter

Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA) (the "Company") announces that the Company has recently received a demand letter from a German firm (the "German Firm") under which the German Firm contends it is entitled to a transaction fee of EUR1.25 million under a consultancy agreement between the Company and the German Firm dated November 22, 2017, in connection with the sale of Team Internet AG which was consummated on December 2019 (the "Transaction").

Following the Company's preliminary review, the Company rejects the claims under the demand letter since, among other reasons, it appears that the German Firm did not provide any services to the Company after November 2018 and was not involved in the Transaction. The Company will continue reviewing this demand and consulting with its legal advisors, with a view to defending its position if necessary.

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

MSCBRGDUSSBDGGS

(END) Dow Jones Newswires

May 15, 2020 02:00 ET (06:00 GMT)

Matomy Media (LSE:MTMY)
Graphique Historique de l'Action
De Déc 2024 à Jan 2025