XLMedia PLC Directorate Change (0613H)
April 04 2022 - 2:01AM
UK Regulatory
TIDMXLM
RNS Number : 0613H
XLMedia PLC
04 April 2022
4 April 2022
XLMedia PLC
("XLMedia" or the "Group" or the "Company")
Directorate Change
XLMedia (AIM: XLM), a leading global digital performance
publisher, announces that Stuart Simms, the Company's Chief
Executive Officer, has notified the Board of his intention to
resign to pursue other interests. He will remain with the business
for the next few months to support the Executive Team and Board,
and to facilitate an orderly handover.
The Board is undertaking a formal executive search process to
identify a new Chief Executive Officer, someone who the Board
believes can build upon the transformation of XLMedia over the past
two years, and will provide further updates in due course.
Julie Markey, Interim-Chair at XLMedia, commented:
"I would like to thank Stuart for his contribution to XLMedia
through a very challenging period in our history. He departs having
expanded our Sports footprint in North America, a key strategic
focus. I, on behalf of the Board, wish him all the very best for
the future."
Stuart Simms outgoing Chief Executive Officer at XLMedia,
added:
"During my time at XLMedia, and with the support of my team, we
have been able to deliver substantive, tangible change; de-risking
the core business whilst moving the Company's operational focus
towards the growing North American Sports market - creating a
strong asset base capable of delivering shareholder value for many
years to come."
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 as amended by The
Market Abuse (Amendment) (EU Exit) Regulations 2019. Upon the
publication of this announcement via the 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
Caroline Ackroyd, Chief Financial Officer via Vigo Consulting
www.xlmedia.com
Vigo Consulting Tel: 020 7390 0233
Jeremy Garcia / Kendall Hill
www.vigoconsulting.com
Cenkos Securities plc (Nomad and Joint Broker) Tel: 020 7397 8900
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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