REG - XLMedia PLC - Board Update

XLMediaAnnouncement

31/01/2025 13:15

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RNS Number : 5027V  XLMedia PLC  31 January 2025

 

31 January 2025

 

XLMedia PLC

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

 

Board Update

 

Further to its announcement on 23 December 2024 regarding updates to the
Board, the Company announces the formal appointment of Peter McCall, Company
Secretary and General Counsel, to the Board of Directors with immediate
effect. As previously announced, Peter will work on a reduced time basis,
overseeing the Group in the period to and beyond June 2025 during which time
the Company will carry out its planned return of capital to shareholders and
subsequent wind down process.

 

Peter was previously Company Secretary and Director of Legal and Corporate
Affairs at JPIMedia Group and more recently, he was Interim Director of
Corporate Legal at the Telegraph Media Group.

 

The following additional information is disclosed pursuant to Schedule Two,
paragraph (g) of the AIM Rules for Companies:

 

Peter Michael McCall, aged 53 is currently a director of  Capelaw Limited.

 

Marcus Rich   Independent Non-executive chair, commented:

 

'We are delighted that Peter has agreed to join the board.  He will play a
major role in running the process of returning cash to shareholders where his
extensive experience will be invaluable.'

 

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 (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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