XLMedia PLC Board Change (9593V)

TIDMXLM

RNS Number : 9593V

XLMedia PLC

12 August 2020

12 August 2020

XLMedia PLC

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

Board Change

XLMedia (AIM: XLM), a leading global digital performance publisher, today announces that Mr Amit Ben Yehuda is stepping down from the Board of XLMedia Plc with immediate effect.

Chris Bell, Chairman, commented:

"I would like to express my personal gratitude to Amit for the wise counsel he has provided over the last four years, and also thank him on behalf of the Board and the whole Company for his valuable contribution during a time of significant change."

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 
 Stuart Simms, Chief Executive Officer    [e-mail] 
  Iain Balchin, Chief Financial Officer 
  Kieran McKinney, Investor Relations 
  www.xlmedia.com 
 
 Vigo Communications                      Tel: [phone] 
 Jeremy Garcia 
 www.vigocomms.com 
 
 Cenkos Securities plc (Nomad and         Tel: [phone] 
  Joint broker) 
 Giles Balleny / Max Gould 
 www.cenkos.com 
 
 Berenberg (Joint broker)                 Tel: [phone] 
 Chris Bowman / Mark Whitmore / Simon 
  Cardron 
 www.berenberg.com 
 
 

Notes:

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

XLMedia has a clear transformation strategy, which will enable it to shape the future of the performance publishing industry. As previously communicated, the Company has set three Strategic Goals:

   --    Consolidation of publishing assets 

o The Company will consolidate its range of publishing assets, focusing its resources on a core set of premium sites in its chosen markets. XLMedia will seek to build stronger relationships with consumers through content-rich, engaging websites, underpinned by intelligent market-leading technology which enhances the yield from each interaction. This rebalancing of the portfolio will be supported by organic investment, disposals and acquisitions.

   --    Investment in US Sports and Personal Finance 

o XLMedia has identified North America as a core target market, where it has already established a solid foothold in Personal Finance, led by content-rich websites which are gaining traction. The Company will seek to further develop its Personal Finance presence and significantly increase its investment in the burgeoning US Sports market through partnerships and acquisitions.

   --    Further Investment in regulated markets 

o The Company is seeking to generate an increasing proportion of its revenue from more stable, regulated markets, both within current serviced verticals, such as gambling and personal finance and, over time, within additional target segments, where its core skills and scale can provide competitive advantage.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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August 12, 2020 09:44 ET (13:44 GMT)