XLMedia PLC Result of EGM (8890R)
July 02 2020 - 8:45AM
UK Regulatory
TIDMXLM
RNS Number : 8890R
XLMedia PLC
02 July 2020
2 July 2020
XLMedia PLC
("XLMedia" or the "Group" or the "Company")
Result of EGM
XLMedia (AIM: XLM), a global digital performance publisher,
announces that the resolution proposed at the Extraordinary General
Meeting ("EGM") of the Company held earlier today was duly
passed.
The total number of proxy votes received on the resolution put
to the EGM was as follows:
Resolution (No. Total For (i) Total Against Withheld (ii)
as noted on proxy
form)
No. of % of No. of % of No. of votes
votes vote votes vote
----------- -------- -------- ------ --------------
Resolution 1:
To resolve that
the XLMedia 2020
Global Share Incentive
Plan (the '2020
LTIP') be hereby
approved 67,959,798 98.61% 957,518 1.39% 953,447
----------- -------- -------- ------ --------------
Notes:
(i) The "For" proxy vote includes those giving the Chairman discretion
(ii) A vote "Withheld" is not a vote in law and is not included
in the proxy votes "For" or "Against" the resolution
The full text of the resolution can be found in the Notice of
Extraordinary General Meeting, which is available on the Company's
website at:
https://www.xlmedia.com/investor-relations/presentations-reports-documents/
For further information, please contact:
XLMedia plc Stuart Simms, Chief Executive ir@xlmedia.com
Officer Iain Balchin, Chief Financial
Officer www.xlmedia.com
Vigo Communications Jeremy Garcia www.vigocomms.com Tel: 020 7390 0233
Cenkos Securities plc (Nomad and Joint Tel: 020 7397 8900
Broker) Giles Balleny / Max Gould www.cenkos.com
Berenberg (Joint Broker) Chris Bowman Tel: 020 3207 7800
/ Mark Whitmore / Simon Cardron www.berenberg.com
Notes:
XLMedia is a leading global digital performance publisher.
Operating globally across a variety of verticals including online
gambling, personal finance, sports and technology, the Group uses
proprietary tools and methodologies to identify and target high
value clients for platform operators.
XLMedia has a clear transformation strategy, which will enable
it to shape the future of the performance publishing industry. As
previously communicated, the Company has set three Strategic
Goals:
-- Consolidation of publishing assets
o The Company will consolidate its range of publishing assets,
focusing its resources on a core set of premium sites in its chosen
markets. XLMedia will seek to build stronger relationships with
consumers through content-rich, engaging websites, underpinned by
intelligent market-leading technology which enhances the yield from
each interaction. This rebalancing of the portfolio will be
supported by organic investment, disposals and acquisitions.
-- Investment in US Sports and Personal Finance
o XLMedia has identified North America as a core target market,
where it has already established a solid foothold in Personal
Finance, led by content-rich websites which are gaining traction.
The Company will seek to further develop its Personal Finance
presence and significantly increase its investment in the
burgeoning US Sports market through partnerships and
acquisitions.
-- Further Investment in regulated markets
o The Company is seeking to generate an increasing proportion of
its revenue from more stable, regulated markets, both within
current serviced verticals, such as gambling and personal finance
and, over time, within additional target segments, where its core
skills and scale can provide competitive advantage.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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