RCS - XLMedia PLC - Reminder of Tender Offer Application Deadline

XLMediaAnnouncement

23/04/2025 14:00

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RNS Number : 9032F  XLMedia PLC  23 April 2025

REACH

 

XLMedia PLC

("XLMedia", the "Group", or the "Company")

 

REMINDER OF TENDER OFFER APPLICATION DEADLINE

Further to the Company's announcement on 11 April 2025 regarding the proposed
return of capital to Shareholders of up to £11.0 million (the "Tender
Offer"), further details of which were set out in the Circular sent to
Shareholders on 11 April and which is available to view on the Company's
website at https://www.xlmedia.com/investors/tender-offer/ , the Company
reminds Qualifying Shareholders that the deadline for applying to tender their
shares is 1.00pm on Monday 28 April 2025.  Qualifying Shareholders holding
shares in uncertificated form wishing to participate in the Tender Offer may
contact their personal broker or platform through which their shares are held,
to assist with participation in accordance with the instruction below.

ACTION TO BE TAKEN IN RESPECT OF THE TENDER OFFER

(a)  Ordinary Shares held in uncertificated form

Qualifying Shareholders who hold their Ordinary Shares in uncertificated form
(that is, in CREST) and who wish to participate in the Tender Offer should
tender electronically through CREST so that the TTE Instruction settles no
later than 1.00 p.m. on 28 April 2025.

Further details of the procedures for tendering and settlement are set out in
Part 3 of the Circular.

Shareholders who do not wish to participate in the Tender Offer should not
complete the Tender Form and should not make or arrange for a TTE Instruction.

In many instances where a Qualifying Shareholder's shares are held by a broker
or platform, the broker or platform will provide these actions through CREST
to the Receiving Agent.  These broker and platforms may have their own
deadlines for the underlying shareholders holders to notify them of their
intention, that are in advance of the Company's Tender application deadline.
Qualifying Shareholders of the underlying shares should contact their brokers
and platform to check these deadlines and processes for acceptance.

(b)  Ordinary Shares held in certificated form

Qualifying Shareholders who hold Ordinary Shares in certificated form and who
wish to participate in the Tender Offer should follow the instructions on the
Tender Form provided to them and return it to the Receiving Agent to arrive by
no later than 1.00 p.m. on 28 April 2025. Qualifying Shareholders who hold
their Ordinary Shares in certificated form should also send their original
valid share certificate(s) in respect of the Ordinary Shares tendered with
their Tender Form.

The Company reminds Shareholders that following completion of the Tender
Offer, it does not expect to make any further distributions of capital to
Shareholders prior to the planned suspension of the Company's Ordinary Shares
on AIM, expected on 14 May 2025 and there can be no certainty that there will
be any further distributions as part of the liquidation process, which will
commence following suspension of trading.

The Directors are making no recommendation to Qualifying Shareholders in
relation to participation in the Tender Offer itself. If you are in any doubt
as to the action you should take, you are recommended to seek your own
independent advice.

 

Unless otherwise defined, capitalised terms in this announcement shall have
the meaning set out in the Circular.

For further information, please contact:

 XLMedia plc                                                           ir@xlmedia.com

 David King, Chief Executive Officer

 www.xlmedia.com (http://www.xlmedia.com)

 Cavendish Capital Markets Limited (Nomad and Broker)                  Tel: 020 7220 0500

 Giles Balleny / Callum Davidson / Hamish Waller (Corporate Finance)

 Charlie Combe (Corporate Broking)

 www.cavendish.com (http://www.cavendish.com)

 

About XLMedia

XLMedia (AIM: XLM) has recently disposed of its sports and gaming digital
media operations.

Forward Looking Statements

This announcement contains forward-looking statements. Forward-looking
statements are neither historical facts nor assurances of future performance.
They are based only on our current beliefs, expectations and assumptions
regarding the future of our business, future plans and strategies,
projections, anticipated events and trends, the economy and other future
conditions. Because forward-looking statements relate to the future, they are
subject to inherent uncertainties, risks and changes in circumstances that are
difficult to predict and many of which are outside of our control. Our actual
results and financial condition may differ materially from those indicated in
the forward-looking statements. Therefore, you should not rely on any of these
forward-looking statements.

 

 

 

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