XLMedia PLC Change in Director's disclosable interest (9634V)

TIDMXLM

RNS Number : 9634V

XLMedia PLC

03 February 2017

3 February 2016 FOR IMMEDIATE RELEASE

XLMedia PLC

("XLMedia" or "the Company")

Change in Director's disclosable interest

XLMedia (AIM: XLM), a leading provider of digital performance marketing services, today announces that following the sale of shares by Webpals Enterprises Partnership Limited ("WELP") announced earlier today, the disclosable interest in the Company of Ory Weihs, Chief Executive Officer, has been reduced. This change results from Mr. Weihs' indirect economic interest in (with no voting rights attaching to) WELP.

As a result of the transaction, which was completed at 100 pence per share, Mr. Weihs' interest has reduced by 3,973,333 ordinary shares to 6,834,423 (approximately 3.41% of the Company), of which 2,360,417 ordinary shares (approximately 1.18% of the Company's issued share capital) are held directly and 4,474,006 (approximately 2.23% of the Company's issued share capital) relate to his interest in WELP. Mr. Weihs also continues to hold options over 179,583 ordinary shares in the Company.

ANNEX

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------- 
 a)   Name                      Mr. Ory Weihs 
---  ------------------------  ------------------------------ 
 2    Reason for the notification 
---  -------------------------------------------------------- 
 a)   Position/status           CEO and Director / PDMR 
---  ------------------------  ------------------------------ 
 b)   Initial notification      Initial 
       /Amendment 
---  ------------------------  ------------------------------ 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  -------------------------------------------------------- 
 a)   Name                      XLMedia Plc 
---  ------------------------  ------------------------------ 
 b)   LEI                       NA 
---  ------------------------  ------------------------------ 
 4    Details of the transaction(s): section 
       to be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  -------------------------------------------------------- 
 a)   Description of            Ordinary Shares of US0.000001 
       the financial 
       instrument, type 
       of instrument             JE00BH6XDL31 
 
       Identification 
       code 
---  ------------------------  ------------------------------ 
 b)   Nature of the             Sale of indirect economic 
       transaction               interest 
---  ------------------------  ------------------------------ 
 c)   Price(s) and                Price(s)     Volume(s) 
       volume(s)                  -----------  ---------- 
                                   100 pence    3,973,333 
                                  -----------  ---------- 
---  ------------------------  ------------------------------ 
 d)   Aggregated information 
 
                                  NA 
       - Aggregated 
       volume 
 
 
       - Price 
---  ------------------------  ------------------------------ 
 e)   Date of the transaction   2 February 2017 
---  ------------------------  ------------------------------ 
 f)   Place of the              London Stock Exchange 
       transaction 
---  ------------------------  ------------------------------ 
 

For further information, please contact:

 
XLMedia plc                                     Tel: [phone] 
 Ory Weihs 
 www.xlmedia.com 
Vigo Communications                             Tel: [phone] 
 Jeremy Garcia / Fiona Henson 
 www.vigocomms.com 
Cenkos Securities plc (Nomad and Joint Broker)  Tel: [phone] 
 Ivonne Cantu / Camilla Hume 
 www.cenkos.com 
Berenberg (Joint Broker)                        Tel: [phone] 
 Chris Bowman / Mark Whitmore / Amritha Murali 
 www.berenberg.com 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 03, 2017 02:50 ET (07:50 GMT)