XLM Xlmedia Plc

TIDMXLM

RNS Number : 2194X

XLMedia PLC

30 April 2021

30 April 2021

XLMedia PLC

("XLMedia" or the "Company")

Grant of Share Awards

XLMedia (AIM: XLM), a global digital performance publisher, announces that it has today granted share awards over a total of 1,959,707 ordinary shares in the Company under the XLMedia 2020 Global Share Incentive Plan (the "Awards"), as approved by shareholders at the EGM in July 2020. The Awards represent 0.746 % of the currently issued share capital of the Company.

T he Awards were granted to persons discharging managerial responsibilities ("PDMRs") and are summarised below:

 
    Employee     Role    Award Type    Number of shares 
                                        subject to the 
                                             Award 
 S tuart Simms    CEO     PSU Award    1,190,476 
                 -----  ------------  ----------------- 
 Iain Balchin     CFO     PSU Award    769,231 
                 -----  ------------  ----------------- 
 

The PSU Award are contingent rights to acquire shares for no consideration. The PSU Award is subject to a four-year vesting period followed by a one year holding period and the achievement of performance targets measured by the increase in the share price of the Company during the period between 1 January 2021 and 31 December 2024 ("Performance Period"), as summarized in the table below.

 
   Average Share Price during      % of the Award capable of vesting 
     the 30 days prior to the 
  end of the Performance Period 
        GBP1.50 or higher                        100% 
                                  ---------------------------------- 
   Between GBP1.35 and GBP1.50     On a straight line basis between 
                                              50% and 100% 
                                  ---------------------------------- 
   Between GBP1.20 and GBP1.35     On a straight line basis between 
                                              25% and 50% 
                                  ---------------------------------- 
        Less than GBP1.20                         0% 
                                  ---------------------------------- 
 

In order to adjust for the effect of any dividend payments over the Performance Period, the share price targets will be reduced by reference to any dividends per share paid over the Performance Period.

Following this grant, the Company will have 6,547,042 plus this grant shares (3.24%) subject to options granted and outstanding under the Company's share plans.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further details.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Stuart Simms 
     --------------------------  ----------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status             CEO 
     --------------------------  ----------------------------------------- 
 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                         2138008U4S6FBDHGWY81 
     --------------------------  ----------------------------------------- 
 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 the          Contingent share awards over ordinary 
       financial instrument,       shares of USD0.000001 each in XLMedia 
       type of instrument          PLC under the XLMedia 2020 Global Share 
                                   Incentive Plan 
       Identification code 
                                   ISIN of ordinary shares: JE00BH6XDL31 
     --------------------------  ----------------------------------------- 
 b)   Nature of the transaction   Grant of contingent share awards 
     --------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)      1,190,476 at a nil price per share 
     --------------------------  ----------------------------------------- 
 d)   Aggregated information      N/A single transaction 
 
       - Aggregated volume 
 
       - Price 
     --------------------------  ----------------------------------------- 
 e)   Date of the transaction     30 April 2021 
     --------------------------  ----------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ----------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Iain Balchin 
     --------------------------  ----------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status             CFO 
     --------------------------  ----------------------------------------- 
 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                         2138008U4S6FBDHGWY81 
     --------------------------  ----------------------------------------- 
 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 the          Contingent share awards over ordinary 
       financial instrument,       shares of USD0.000001 each in XLMedia 
       type of instrument          PLC under the XLMedia 2020 Global Share 
                                   Incentive Plan 
       Identification code 
                                   ISIN of ordinary shares: JE00BH6XDL31 
     --------------------------  ----------------------------------------- 
 b)   Nature of the transaction   Grant of contingent share awards 
     --------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)      769,231 at a nil price per share 
     --------------------------  ----------------------------------------- 
 d)   Aggregated information      N/A single transaction 
 
       - Aggregated volume 
 
       - Price 
     --------------------------  ----------------------------------------- 
 e)   Date of the transaction     30 April 2021 
     --------------------------  ----------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ----------------------------------------- 
 

For further information, please contact:

 
 XLMedia plc                              ir@xlmedia.com 
  Stuart Simms, Chief Executive Officer 
  Iain Balchin, Chief Financial Officer 
  Kieran McKinney, Investor Relations 
  www.xlmedia.com 
 Vigo Consulting                          Tel: 020 7390 0233 
  Jeremy Garcia / Fiona Hetherington 
  www.vigoconsulting.com 
 Cenkos Securities plc (Nomad and Joint   Tel: 020 7397 8900 
  Broker) 
  Giles Balleny / Max Gould 
  www.cenkos.com 
 Berenberg (Joint Broker)                 Tel: 020 3207 7800 
  Mark Whitmore / James White / Tejas 
  Padalkar 
  www.berenberg.com 
 
 

N otes:

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. The Company has set out a clear strategic agenda under two fundamental priorities:

   --    A balanced portfolio of online assets 

o XLMedia seeks to create a balanced portfolio of websites to cover a range of attractive geographies, both stable and high-growth verticals and with greater exposure to regulated markets. In doing so, the Company will focus particularly on developing our presence in North American sports, primarily through targeted acquisition.

   --    Branded, content-rich, engaging websites 

o XLMedia will consolidate its online portfolio, concentrating on a much smaller number of publishing assets, and focusing its resources on optimising this core set of premium sites for its chosen markets. These content-rich, engaging websites, underpinned by intelligent market-leading technology, will seek to build stronger lasting relationships with consumers and enhance monetisation opportunities.

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April 30, 2021 04:42 ET (08:42 GMT)