XLMedia PLC AGM Statement (3825A)
May 29 2019 - 2:00AM
UK Regulatory
TIDMXLM
RNS Number : 3825A
XLMedia PLC
29 May 2019
29 May 2019
XLMedia PLC
("XLMedia" or "the Group" or "the Company")
AGM Statement
XLMedia (AIM: XLM), a leading provider of digital performance
marketing services, will be holding its Annual General Meeting at
9.00am today.
At the meeting, Chris Bell, Non-executive Chairman of XLMedia,
will make the following statement:
"The business continues to trade in line with management
expectations with our focus firmly on increasing the Group's
exposure to higher margin publishing activities as set out in
February 2019.
"Over the past decade, the Group has both created and acquired a
leading portfolio of assets in the publishing division. We are now
focusing our efforts to fully leverage this core expertise to build
a more comprehensive footprint across regulated gambling markets,
in addition to our growing presence in the financial services
vertical in North America.
"XLMedia continues to be a highly cash generative business with
a strong cash balance. Therefore, the board continues to evaluate
the Group's allocation of capital policy in order to both support
our growth ambitions and to maximise shareholder value. As a
consequence of the current weakness in the Company's share price
and pending approval at today's AGM granting the Company authority
to buy shares, we intend to continue the share buyback programme
that was initiated in December 2018. I would also like to reiterate
our commitment to maintaining a progressive dividend policy.
"We also continue to evaluate selective publishing acquisition
opportunities, which could potentially accelerate earnings
growth.
"We appreciate the ongoing support of our shareholders and
remain focused on delivering on our full year numbers for
2019."
For further information, please contact:
XLMedia plc Tel: 020 8817 5283
Chris Bell, Non-Executive Chairman
Ory Weihs, Chief Executive Officer www.xlmedia.com
Vigo Communications Jeremy Garcia / Fiona Tel: 020 7390 0233
Henson / Simon Woods www.vigocomms.com
Cenkos Securities plc (Nomad and Joint Tel: 020 7397 8900
Broker) Giles Balleny / Callum Davidson
www.cenkos.com
Berenberg (Joint Broker) Chris Bowman Tel: 020 3207 7800
/ Mark Whitmore / Simon Cardron www.Berenberg.com
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END
AGMLLFIRETITFIA
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