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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Xlmedia Plc | LSE:XLM | London | Ordinary Share | JE00BH6XDL31 | ORD USD0.000001 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.25 | 1.89% | 13.50 | 13.00 | 14.00 | 13.50 | 13.25 | 13.25 | 328,607 | 08:01:56 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Advertising, Nec | 73.74M | -9.44M | -0.0359 | -3.76 | 35.45M |
From Apr 2019 to Apr 2024
TIDMXLM
RNS Number : 8486N
XLMedia PLC
14 August 2017
For immediate release 14 August 2017
XLMedia PLC
("XLMedia" or the "Group" or the "Company")
Acquisition of a US financial services review website
XLM strengthens financial services footprint and broadens North American reach
XLMedia (AIM: XLM), a leading provider of digital performance marketing, is pleased to announce the acquisition of www.Moneyunder30.com ("MU30"), a US focused price comparison website for financial services, for a total consideration of US$7 million. The acquisition will be immediately earnings enhancing from completion.
MU30 is a personal finance site providing information for young adults wanting to make informed financial decisions, particularly around credit cards, loans, mortgages and savings accounts. The acquisition of MU30 is firmly in line with XLMedia's strategy to expand geographically in North America and to expand its footprint in the financial services sector. MU30 complements XLMedia's recent acquisition of www.Greedyrates.ca, a Canadian focused credit card comparison website.
The consumer loans market in the US is growing steadily and according to the US Federal Reserve, total outstanding consumer credit grew 30% from 2012 to 2016, reaching a total of $3.8 trillion in May 2017, representing a CAGR of 6.6%.
Ory Weihs, Chief Executive Officer of XLMedia, commented:
"We are delighted to have extended our North American reach with the acquisition of MU30, which complements our existing publishing assets in the financial services sector.
"As a leading personal finance review site, MU30 is a known publisher in the US, and with its existing footprint and brand recognition, it represents an excellent opportunity for XLMedia to increase its North American presence and expand within the financial services market."
For further information, please contact:
Hot Features
Premium
XLMedia plc Ory Weihs www.xlmedia.com Tel: 020 8817 5283
Vigo Communications Jeremy Garcia Tel: 020 7830 9701
/ Fiona Henson / Natalie Jones
www.vigocomms.com
Cenkos Securities plc (Nomad Tel: 020 7397 8900
and Joint Broker) Ivonne Cantu
/ Camilla Hume www.cenkos.com
Berenberg (Joint Broker) Chris Tel: 020 3207 7800
Bowman / Mark Whitmore www.berenberg.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQQXLFFDVFXBBZ
(END) Dow Jones Newswires
August 14, 2017 02:00 ET (06:00 GMT)
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