XLMedia PLC Exploration of Sale of PF Division & CMD (7656J)
15 Dezembro 2022 - 4:00AM
UK Regulatory
TIDMXLM
RNS Number : 7656J
XLMedia PLC
15 December 2022
15 December 2022
XLMedia PLC
("XLMedia" or the "Group" or the "Company")
Exploration of Sale of Personal Finance Division
&
Capital Markets Day
XLMedia (AIM: XLM), the global digital media company that
manages a portfolio of premium brands with an emphasis on Sports
and Gaming in regulated markets, announces that the business is
restructuring its Personal Finance division and is exploring the
potential sale of all Personal Finance assets.
The process is currently underway, and the business is engaging
with a number of potentially interested parties, however, there can
be no certainty that any offer will be received, nor as to the
terms on which any such offer may be made. Further announcements on
progress will be made as and when appropriate.
These actions reflect the Company's decision to prioritise
resource allocation to its core activities and remain focused on
fully capturing the North America market opportunity in sports and
gaming while also rebuilding its European sports and gaming
operations to seek maximum value for shareholders.
XLMedia also announces it will be holding a virtual Capital
Markets Day ("CMD") on 1 February 2023 at 2.00 p.m. GMT. The event
will offer analysts and investors additional insight into the
operations of the US and European sports and gaming businesses and
provide an opportunity to hear from some of the Group's senior
management, as well as updates on strategy, resource allocation,
market conditions, recent State launches and new media
partnerships.
The event will be hosted by David King, CEO, and Caroline
Ackroyd, CFO, together with members of XLMedia's senior management
from across the Group.
To join the live webcast of the event and Q&A session,
please follow the below link to pre-register:
https://stream.brrmedia.co.uk/broadcast/639a145edc1e125e33799601
A recording of the presentation will also be made available on
the Company's website after the event on:
https://www.xlmedia.com/investors/webcasts/
For further information, please contact:
XLMedia plc
David King, Chief Executive Officer ir@xlmedia.com
Caroline Ackroyd, Chief Financial Officer via Vigo Consulting
www.xlmedia.com
Vigo Consulting Tel: 020 7390 0233
Jeremy Garcia / Kendall Hill
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 / Richard Andrews / Jack
Botros
www.berenberg.com
About XLMedia:
XLMedia (AIM: XLM) is a leading global digital media company
that creates compelling content for highly engaged audiences and
connects them to relevant advertisers.
The Group manages a portfolio of premium brands with a primary
emphasis on Sports and Gaming in regulated markets. XLMedia brands
are designed to reach passionate people with the right content at
the right time.
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END
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