XLMedia PLC Board Change (9593V)
August 12 2020 - 9:44AM
UK Regulatory
TIDMXLM
RNS Number : 9593V
XLMedia PLC
12 August 2020
12 August 2020
XLMedia PLC
("XLMedia" or the "Company" or the "Group")
Board Change
XLMedia (AIM: XLM), a leading global digital performance
publisher, today announces that Mr Amit Ben Yehuda is stepping down
from the Board of XLMedia Plc with immediate effect.
Chris Bell, Chairman, commented:
"I would like to express my personal gratitude to Amit for the
wise counsel he has provided over the last four years, and also
thank him on behalf of the Board and the whole Company for his
valuable contribution during a time of significant change."
The information contained within this announcement (the
"Announcement") is deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulation (EU)
No. 596/2014. Upon the publication of this Announcement via a
Regulatory Information Service, this inside information is now
considered to be in the public domain.
For further information, please contact:
XLMedia plc
Stuart Simms, Chief Executive Officer ir@xlmedia.com
Iain Balchin, Chief Financial Officer
Kieran McKinney, Investor Relations
www.xlmedia.com
Vigo Communications Tel: 020 7390 0233
Jeremy Garcia
www.vigocomms.com
Cenkos Securities plc (Nomad and Tel: 020 7397 8900
Joint broker)
Giles Balleny / Max Gould
www.cenkos.com
Berenberg (Joint broker) Tel: 020 3207 7800
Chris Bowman / 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
BOASFSFDEESSELA
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