XLMedia PLC Exploration of Sale of PF Division & CMD (7656J)

TIDMXLM

RNS Number : 7656J

XLMedia PLC

15 December 2022

XLMedia PLC

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

Exploration of Sale of Personal Finance Division

Capital Markets Day

XLMedia (AIM: XLM), the global digital media company that manages a portfolio of premium brands with an emphasis on Sports and Gaming in regulated markets, announces that the business is restructuring its Personal Finance division and is exploring the potential sale of all Personal Finance assets.

The process is currently underway, and the business is engaging with a number of potentially interested parties, however, there can be no certainty that any offer will be received, nor as to the terms on which any such offer may be made. Further announcements on progress will be made as and when appropriate.

These actions reflect the Company's decision to prioritise resource allocation to its core activities and remain focused on fully capturing the North America market opportunity in sports and gaming while also rebuilding its European sports and gaming operations to seek maximum value for shareholders.

XLMedia also announces it will be holding a virtual Capital Markets Day ("CMD") on 1 February 2023 at 2.00 p.m. GMT. The event will offer analysts and investors additional insight into the operations of the US and European sports and gaming businesses and provide an opportunity to hear from some of the Group's senior management, as well as updates on strategy, resource allocation, market conditions, recent State launches and new media partnerships.

The event will be hosted by David King, CEO, and Caroline Ackroyd, CFO, together with members of XLMedia's senior management from across the Group.

To join the live webcast of the event and Q&A session, please follow the below link to pre-register:

https://stream.brrmedia.co.uk/broadcast/639a145edc1e125e33799601

A recording of the presentation will also be made available on the Company's website after the event on:

https://www.xlmedia.com/investors/webcasts/

For further information, please contact:

 
 XLMedia plc 
  David King, Chief Executive Officer           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       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

About XLMedia:

XLMedia (AIM: XLM) is a leading global digital media company that creates compelling content for highly engaged audiences and connects them to relevant advertisers.

The Group manages a portfolio of premium brands with a primary emphasis on Sports and Gaming in regulated markets. XLMedia brands are designed to reach passionate people with the right content at the right time.

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December 15, 2022 02:00 ET (07:00 GMT)

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