LONDON and TEL AVIV, Israel, October 18, 2016 /PRNewswire/ --
Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA, the 'Company'
or 'Matomy'), one of the world's leading digital advertising
companies, announces that it has engaged RBC Capital Markets, LLC
as its financial advisor to lead a review of strategic
alternatives. This appointment forms part of a process initiated by
the directors of the Company (the 'Board') in June 2016 and the intention is that all
opportunities for maximising shareholder value will be considered
(the 'Strategic Review').
Notwithstanding the recent progress against strategic milestones
and the Company's financial strength, the Board determined it was
appropriate at this juncture to evaluate all opportunities to
maximise value for shareholders. Subject to the conclusion of the
Strategic Review, the Board will continue to deliver demonstrable
progress against its existing strategy and these strategic
initiatives are expected to drive growth and build shareholder
value.
No decision has been made to enter into any transaction at this
time, and there can be no assurance that the consideration of
strategic alternatives will result in any transaction. There is no
set timetable with respect to the Strategic Review, and the Company
does not expect to make further public comment regarding these
matters unless and until the Board approves a specific action or
otherwise concludes its review.
The Company has also extended the scope of its existing
corporate broking relationship with Canaccord Genuity Limited.
The information contained within
this announcement is deemed to
constitute inside information as
stipulated under the Market
Abuse Regulations (EU) No.
596/2014. Upon the publication
of this announcement, this
inside information is now
considered to be in the
public domain.
About Matomy Media Group Ltd.
Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA) is a world
leading media company delivering smart technology solutions and a
personalized approach to advertising. By providing customized
performance and programmatic solutions supported by internal media
capabilities, 'big data' analytics and optimization technology,
Matomy empowers advertising and media partners to meet their
evolving growth-driven goals. Matomy offers a single gateway to
digital media channels including mobile, video, display, social,
email marketing, search marketing (SEM, SEO, and ASO)
and domain monetization. Founded in 2007, with headquarters in
Tel Aviv, growing presence in the
USA and six offices around the
world, Matomy is dual listed on the London and Tel Aviv Stock Exchanges. Learn
more about Matomy at www.matomy.com.
For more information:
www.Matomy.com
Facebook: www.facebook.com/MatomyMediaGroup
Follow Matomy on Twitter: @MatomyGroup
LinkedIn: www.linkedin.com/company/matomy-media-group
Enquiries:
Matomy Media Group
Lipaz Kloper, Head of Investor Relations
lipaz.k@matomy.com
+972-77360-6161
KCSA
Investor Relations
Elizabeth Barker / Garth Russell
matomy@kcsa.com
SOURCE Matomy