XLMedia PLC Result of AGM (0518A)

TIDMXLM

RNS Number : 0518A

XLMedia PLC

27 May 2021

27 May 2021

XLMedia PLC

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

Result of AGM

XLMedia (AIM: XLM), a leading provider of digital performance marketing services, announces the results of the Annual General Meeting ("AGM") of the Company held earlier today. Prior to the AGM, the Company received a proposal to amend Resolution 7 set out in the notice of the AGM which concerned the authority to issue shares by reducing the amount of the authorization to allow the issuance of up to 26,258,641 Ordinary Shares being ten per cent (10%) of the issued and outstanding capital of the Company as of the AGM and not 87,528,714 Ordinary Shares (being approximately one-third of the issued and outstanding capital of the Company) as originally stipulated in the notice of the meeting. This amendment was approved at the meeting and all the resolutions proposed at the AGM (including the amended Resolution 7) were duly passed.

All votes were taken on a poll and the total number of votes received on each resolution put to the AGM was as follows:

 
 Resolution (No.                Total For (i)         Total Against      Withheld (ii) 
  as noted on proxy 
  form) 
                             No. of votes   % of      No. of     % of    No. of votes 
                                             vote      votes      vote 
                            -------------  ------  -----------  ------  -------------- 
 Resolution 1: 
  Receive Annual 
  Report and Accounts        116,711,359    97.12   3,466,513    2.88        1,000 
                            -------------  ------  -----------  ------  -------------- 
 Resolution 2: 
  That Mr. Iain 
  Balchin be re-appointed 
  as a director 
  of the Company             109,885,557    91.44   10,292,315   8.56        1,000 
                            -------------  ------  -----------  ------  -------------- 
 Resolution 3: 
  That Mr. Jonas 
  Martensson be 
  re-appointed as 
  a director of 
  the Company                114,813,093    95.54   5,364,779    4.46        1,000 
                            -------------  ------  -----------  ------  -------------- 
 Resolution 4: 
  That Mr. Ory Weihs 
  be re-appointed 
  as a director 
  of the Company             101,264,464    84.26   18,913,408   15.74       1,000 
                            -------------  ------  -----------  ------  -------------- 
 Resolution 5: 
  Reappointment 
  of Kost Forer 
  Gabbay and Kasiere 
  as auditors of 
  the Company                117,322,071    97.62   2,856,801    2.38          0 
                            -------------  ------  -----------  ------  -------------- 
 Resolution 6: 
  To authorise the 
  Directors to agree 
  the remuneration 
  of the auditors 
  of the Company             117,750,407    97.98   2,428,465    2.02          0 
                            -------------  ------  -----------  ------  -------------- 
 Resolution 7 (as 
  amended): 
  Authority to issue 
  up to 10% of shares 
  until next AGM             120,177,831    99.99     1,041      0.01          0 
                            -------------  ------  -----------  ------  -------------- 
 Resolution 8: 
  Disapplication 
  of pre-emption 
  rights (iii)               120,128,886    99.96     49,986     0.04          0 
                            -------------  ------  -----------  ------  -------------- 
 Resolution 9: 
  Authorities for 
  the Company to 
  purchase its own 
  Ordinary Shares 
  (iii)                      119,907,759    99.79    251,113     0.21       20,000 
                            -------------  ------  -----------  ------  -------------- 
 

Notes:

   (i)    The "For" proxy vote includes those giving the Chairman discretion 

(ii) A vote "Withheld" is not a vote in law and is not included in the proxy votes "For" or "Against" the resolution

(iii) Special resolution

The full text of the resolutions can be found in the Notice of Annual General Meeting, which is available on the Company's website at: https://www.xlmedia.com/investor-relations/presentations-reports-documents/

For further information, please contact:

 
 XLMedia plc                              [e-mail] 
  Stuart Simms, Chief Executive Officer 
  Iain Balchin, Chief Financial Officer 
  www.xlmedia.com 
 Vigo Consulting                          Tel: [phone] 
  Jeremy Garcia / Fiona Hetherington 
  www.vigoconsulting.com 
 Cenkos Securities plc (Nomad and Joint   Tel: [phone] 
  Broker) 
  Giles Balleny / Max Gould 
  www.cenkos.com 
 Berenberg (Joint Broker)                 Tel: [phone] 
  Mark Whitmore / James White / Tejas 
  Padalkar 
  www.berenberg.com 
 
 

N otes :

XLMedia is a global performance publisher. Operating globally across a variety of verticals including online gaming, personal finance and sports, the Group uses proprietary data and advanced targeting capabilities to build valuable connections with consumers through high-quality content - a value which can be passed onto XLMedia customers.

Group strategy is rooted in two fundamental corporate objectives to evolve the XLMedia business, speed transformational progress and drive global growth:

   --    A balanced portfolio of online assets 

o Proactively managing the portfolio to ensure exposure to a diverse range of attractive territories and vertical markets, with different stages in their lifecycle/maturity. XLMedia seeks to achieve this through realigning the weighting of assets and moving towards more regulated markets (the US) and verticals (Sports), with more data-driven, conscious business model selection. In doing so, the Group seeks to promote sustainable revenue growth for the business and its customers, alongside data-driven intelligence to inform investment cases.

   --    Branded, content-rich, engaging websites 

o Cultivating premium publishing brands with a shared belief in quality. XLMedia seeks to achieve this through focused consolidation of its portfolio and resources to concentrate only on those publishing assets which are optimised for its chosen markets. In doing so, the Group seeks to deliver content-rich, consumer centric sites which promote tangible user value while benefiting and extending the capabilities of our customers.

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May 27, 2021 06:10 ET (10:10 GMT)