Matomy Media Group Ltd Partial Option Exercise - Team Internet AG Shares (1070U)
13 January 2017 - 6:21PM
UK Regulatory
TIDMMTMY
RNS Number : 1070U
Matomy Media Group Ltd
13 January 2017
13 January 2017
Matomy Media Group Ltd.
Partial Option Exercise for Team Internet AG Shares
Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA, "Matomy"),
one of the world's leading digital advertising companies, is
pleased to announce that the minority shareholder in Team Internet
AG ("Team Internet") exercised the first of three options it holds
that together provide for the transfer to Matomy Germany GmbH &
Co. KG of all of its remaining shareholding in Team Internet (being
30% in aggregate). Each option provides for the transfer of a 10%
stake in one of the applicable periods (each, an "Exit Sale").
Further details were presented in paragraphs 14.5 and 15.1 of the
Additional Information section of Matomy's IPO prospectus, dated 9
July 2014.
In connection with the first Exit Sale, Matomy is purchasing
7,353 ordinary shares in Team Internet for a total cash
consideration of US$10.4 Million. This, when combined with Matomy's
existing holding, will result in Matomy holding 80% of Team
Internet's issued share capital.
Matomy expects to publish one or more additional announcements
upon the completion of further Exit Sales for the remaining
stake.
Since Matomy's acquisition of a controlling stake in Team
Internet in 2014, Team Internet has strengthened its leading
position in the global online advertising market. Team Internet's
core activities consist of three profitable and attractive business
units:
-- ParkingCrew, which provides monetization services to website owners;
-- TONIC, a DSP, SSP and self-service ad network for desktop and mobile traffic sources; and
-- Buyname, a domain registration engine that also manages Team
Internet's portfolio of owned and operated websites.
The combined strength of these units has enabled Team Internet's
consistent EBITDA growth and strong revenue generation. Team
Internet's Q3 2016 revenues of US$ 15.6 million were approximately
46% greater than its Q3 2014 revenues of US$ 10.7 million and its
Q3 2016 adjusted EBITDA of US$ 3 million was approximately 79%
greater than its Q3 2014 EBITDA of 1.7 million.
The information contained within this announcement is deemed by
Matomy to constitute inside information as stipulated under the
Market Abuse Regulations (EU) No. 596/2014 ("MAR").
About Matomy Media Group Ltd.
Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA) is a
world-leading media company with smarter marketing technology 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's holistic mobile advertising
agency, mtmy, is fueled by an in-house Data Management Platform
(DMP), and offers a fully-managed service across channels including
video, display, social, email and search. Matomy's programmatic
platforms include the MobFox SSP, the video advertising platform
Optimatic, and the mobile demand side platform myDSP. 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.
Learn more about Matomy at http://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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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January 13, 2017 02:21 ET (07:21 GMT)
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