Following the recent appointment of new CEO Liam Galin, and a successful roadshow among leading institutional investors in Israel, Matomy successfully completed the institutional stage of its convertible bond issuance on January 30, 2018 and the public stage on February 1, 2018. Key details include:
A total gross consideration of103 million NIS was raised through the issuance of 101,000 units of convertible bonds, which bear a coupon of 5.5 percent per annum (the 'Convertible Bond(s)').
Each unit of Convertible Bonds is composed of 1,000 Convertible Bonds and issued at 1,000 NIS par value each.
The final price per unit of Convertible Bond rose to 1,020 NIS as a result of strong demand.
Matomy CEO Liam Galin commented: 'The strong demand at this stage demonstrates the confidence of investors in Matomy's potential and strategic focus. I would like to thank the consortium of underwriters headed by Poalim IBI, Epsilon, Rosario Capital, Apax Partners, Menorah Underwriting and Radhan, who led the successful offering. Of course, I also thank the Matomy team who work effectively, with creativity and enthusiasm, to ensure the continued growth and success of the company.'
The proceeds from the issuance will be mainly used to acquire an additional 10% of Team Internet, a global market leader in Domain Monetization, raising Matomy's holding to 90%. Matomy expects to acquire the final 10% of Team Internet in November 2018.
About Matomy Media Group Ltd.
Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA) is a global media company with a portfolio of superior data-driven platforms for mobile, video, domain and email advertising. By providing customized performance and programmatic solutions supported by internal media capabilities, data analytics, and optimization technology, Matomy empowers advertising and media partners to meet their evolving growth-driven goals. Founded in 2007 with headquarters in Tel Aviv and 11 offices around the world, Matomy is dual-listed on the London and Tel Aviv Stock Exchanges.
For more information:Website:http://investors.matomy.com
Matomy Media Group
Pamela Becker, VP Global Marketing
Press Contact Information:
UK: 0203-769-5656 | USA: 917-724-2176
The Convertible Bonds, may be offered and sold only in Israel pursuant to the issuance prospectus. This announcement is for information purposes only and does not constitute an offer to sell or issue, or the solicitation of an offer to buy, acquire or subscribe for the Convertible Bonds in Israel, or any other jurisdiction.
No offering of the Convertible Bonds referred to in this announcement will be made in the United States, the European Economic Area, Australia, Canada, South Africa or Japan or any other state or jurisdiction in which publication, release or distribution would be unlawful, restricted or unauthorised or elsewhere outside Israel.
The Convertible Bonds have not been and will not be approved or disapproved by the US Securities and Exchange Commission, any state securities commission or any other regulatory authority in the United States or elsewhere other than in Israel, nor have any of the foregoing authorities passed upon or endorsed the merits of the Convertible Bonds or the accuracy or adequacy of this announcement. Any representation to the contrary is unlawful.