Last checked at 15 Dec 2022 07:00
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 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 |
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.