Last checked at 4 Apr 2022 07:00
4 April 2022
XLMedia PLC
("XLMedia" or the "Group" or the "Company")
Directorate Change
XLMedia (AIM: XLM), a leading global digital performance publisher, announces that Stuart Simms, the Company's Chief Executive Officer, has notified the Board of his intention to resign to pursue other interests. He will remain with the business for the next few months to support the Executive Team and Board, and to facilitate an orderly handover.
The Board is undertaking a formal executive search process to identify a new Chief Executive Officer, someone who the Board believes can build upon the transformation of XLMedia over the past two years, and will provide further updates in due course.
Julie Markey, Interim-Chair at XLMedia, commented:
"I would like to thank Stuart for his contribution to XLMedia through a very challenging period in our history. He departs having expanded our Sports footprint in North America, a key strategic focus. I, on behalf of the Board, wish him all the very best for the future."
Stuart Simms outgoing Chief Executive Officer at XLMedia, added:
"During my time at XLMedia, and with the support of my team, we have been able to deliver substantive, tangible change; de-risking the core business whilst moving the Company's operational focus towards the growing North American Sports market - creating a strong asset base capable of delivering shareholder value for many years to come."
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
For further information, please contact:
XLMedia plc Caroline Ackroyd, Chief Financial Officer www.xlmedia.com
| ir@xlmedia.com via Vigo Consulting |
Vigo Consulting Jeremy Garcia / Kendall Hill www.vigoconsulting.com
| Tel: 020 7390 0233 |
Cenkos Securities plc (Nomad and Joint Broker) Giles Balleny / Max Gould www.cenkos.com
| Tel: 020 7397 8900 |
Berenberg (Joint Broker) Mark Whitmore / Richard Andrews / Jack Botros www.berenberg.com | Tel: 020 3207 7800 |
Notes:
XLMedia is a global digital performance publisher. Operating across a variety of vertical markets including online gambling, personal finance and sports, the Group uses proprietary tools and methodologies to identify and target high value consumers for platform operators.
XLMedia operates branded, content-rich websites, underpinned by intelligent market-leading technology and data, to build stronger and lasting relationships with consumers.
The Group seeks to create a balanced portfolio of premium websites to cover a range of attractive geographies, both stable and high-growth verticals, with greater exposure to regulated markets.