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:
Matomy Media Group
Lipaz Kloper, Head of Investor Relations
Elizabeth Barker / Garth Russell