XLMedia PLC Directorate Change (8804Y)

TIDMXLM

RNS Number : 8804Y

XLMedia PLC

19 January 2022

XLMedia PLC

("XLMedia" or the "Group" or the "Company")

Directorate change

XLMedia (AIM: XLM), a leading global digital performance publisher, today announces that Christopher Bell, Non-Executive Chair, has informed the Company of his intention to step down from the Board and as a director of the Company.

Christopher has spent nearly eight years as Chair of XLMedia, supporting the Company through its IPO in 2014, and helping the Group deliver a number of successful strategic acquisitions. More recently, Chris has provided key support throughout the restructuring of the business.

Chris has decided to step down from his role to focus on his recent appointment as Non-Executive Chairman of Nueva Codere, an international gaming operator, following shareholder approval at its EGM on 2 February 2021.

Christopher will assist in the orderly transfer to a new Chair and leave his role as Chair in due course.

Christopher Bell, Non-Executive Chair, commented:

"It has been a privilege to chair XLMedia for almost eight years. 2022 marks the beginning of a leaner Group structure set to benefit from significant progress made in rebalancing the Group to have a greater focus on regulated high-growth markets like US Sports. It feels like the right time to step aside and let someone new support the business through its next phase of growth. I wish everyone in the Company and its shareholders every success for the future."

Julie Markey, Non-Executive Director, commented:

"On behalf of the board, I would like to thank Chris for his significant contribution, dedication and commitment to XLMedia in his role as Chair and we wish him well in all of his future endeavours."

Stuart Simms, CEO of XLMedia, commented:

"We are very grateful to Chris for his exceptional service to XLMedia. I would like to personally thank him for his practical support and wise counsel. Chris has been very supportive as we have sought to restructure to become more agile and align the business with new growth markets - an initiative we will complete during the first half of this year - as well as integrating three hugely successful US acquisitions, which we believe will be pivotal to our long-term success."

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                               ir@xlmedia.com 
  Stuart Simms, Chief Executive Officer     via Vigo Consulting 
  Rowan Ellis, Interim Chief Financial 
  Officer 
  www.xlmedia.com 
 Vigo Consulting                           Tel: 020 7390 0233 
  Jeremy Garcia / Kendall Hill 
  www.vigoconsulting.com 
 Cenkos Securities plc (Nomad and Joint    Tel: 020 7397 8900 
  Broker) 
  Giles Balleny / Max Gould 
  www.cenkos.com 
 Berenberg (Joint Broker)                  Tel: 020 3207 7800 
  Mark Whitmore / Richard Andrews / Jack 
  Botros 
  www.berenberg.com

Notes:

XLMedia is a global digital performance publisher. Operating across a variety of vertical markets including online gambling, personal finance and sports, the Group uses proprietary tools and methodologies to identify and target high value consumers for platform operators.

XLMedia operates branded, content-rich websites, underpinned by intelligent market-leading technology and data, to build stronger and lasting relationships with consumers.

The Group seeks to create a balanced portfolio of premium websites to cover a range of attractive geographies, both stable and high-growth verticals, with greater exposure to regulated markets.

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END

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January 19, 2022 02:00 ET (07:00 GMT)

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