XLMedia PLC Update (3644A)
20 Janeiro 2020 - 1:00PM
UK Regulatory
TIDMXLM
RNS Number : 3644A
XLMedia PLC
20 January 2020
20 January 2020
XLMedia PLC
("XLMedia" or the "Group" or the "Company")
Update
XLMedia (AIM: XLM) provides the following update concerning the
Google ranking of a number of its online casino sites which has
currently resulted in a significant decrease in traffic to those
sites.
On 18 January 2020, the Company became aware that a number of
its casino sites have been manually demoted by Google, which
impacts the visibility of the sites and their ability to generate
meaningful levels of online traffic, and hence revenues, from new
visitors.
Whilst it is too early to accurately assess the financial impact
of this action by Google, any further material delay to the full
restoration of rankings of these online assets would result in a
corresponding reduction of both revenue and adjusted EBITDA during
that period.
The Company confirms that the Group's other online publishing
assets remain unaffected.
A process of review is now taking place, with a view to
resolving any issue as soon as possible and the Company will
provide a further update in due course as more information becomes
available.
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, Group Chief Via Vigo Communications
Executive Officer Liat Hellman, Acting
Group Chief Financial Officer www.xlmedia.com
Vigo Communications Jeremy Garcia / Fiona Tel: 020 7390 0233
Henson / Fiona Norman www.vigocomms.com
Cenkos Securities plc (Nomad and Joint Tel: 020 7397 8900
Broker) Giles Balleny / Max Gould www.cenkos.com
Berenberg (Joint Broker) Chris Bowman Tel: 020 3207 7800
/ Mark Whitmore / Simon Cardron www.berenberg.com
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 rns@lseg.com or visit www.rns.com.
END
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