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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Matomy Media Group Ltd. | LSE:MTMY | London | Ordinary Share | IL0011316978 | ORD NIS0.01 (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 4.50 | 3.60 | 5.40 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
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)
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