REG - XLMedia PLC - Directorate Change

XLMediaAnnouncement

04/04/2022 07:00

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RNS Number : 0613H  XLMedia PLC  04 April 2022

4 April 2022

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

 

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                                                                                                                                                                                                                                                                                                ir@xlmedia.com (mailto:ir@xlmedia.com)

 Caroline Ackroyd, Chief Financial Officer                                                                                                                                                                                                                                                                  via Vigo Consulting

 www.xlmedia.com
 (https://urldefense.proofpoint.com/v2/url?u=http-3A__www.xlmedia.com_&d=DwMFaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=_j7WE8b4VBDMQh_NEDyHzuFbYwFlFY6-qLfGA6Yt41Y&m=DVVCNZwmu_ac9hl5ohXT4wpJr4z599217_wVFtBpEgQ&s=Q5UVdAHcTsLlclrxsimuE3YVgPSl2_FC8sl-lhAnCDY&e=)

 Vigo Consulting                                                                                                                                                                                                                                                                                            Tel: 020 7390 0233

 Jeremy Garcia / Kendall Hill

 www.vigoconsulting.com
 (https://urldefense.proofpoint.com/v2/url?u=http-3A__www.vigoconsulting.com&d=DwMFaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=_j7WE8b4VBDMQh_NEDyHzuFbYwFlFY6-qLfGA6Yt41Y&m=DVVCNZwmu_ac9hl5ohXT4wpJr4z599217_wVFtBpEgQ&s=Dp3eOyMI4Rc_hHhLHn_XMP2oSvtXXIYM-7-VYEozhr0&e=)

 Cenkos Securities plc (Nomad and Joint Broker)                                                                                                                                                                                                                                                             Tel: 020 7397 8900

 Giles Balleny / Max Gould

 www.cenkos.com
 (https://urldefense.proofpoint.com/v2/url?u=http-3A__www.cenkos.com_&d=DwMFaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=_j7WE8b4VBDMQh_NEDyHzuFbYwFlFY6-qLfGA6Yt41Y&m=DVVCNZwmu_ac9hl5ohXT4wpJr4z599217_wVFtBpEgQ&s=9lVDL6O-YsX8UjXyO1ANaF7qBeR0iwe6ltOaQDIZEZc&e=)

 Berenberg (Joint Broker)                                                                                                                                                                                                                                                                                   Tel: 020 3207 7800

 Mark Whitmore / Richard Andrews / Jack Botros www.berenberg.com
 (https://urldefense.proofpoint.com/v2/url?u=http-3A__www.berenberg.com&d=DwMFaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=_j7WE8b4VBDMQh_NEDyHzuFbYwFlFY6-qLfGA6Yt41Y&m=DVVCNZwmu_ac9hl5ohXT4wpJr4z599217_wVFtBpEgQ&s=WgnXRV7uBRGKqNr8X0nKVw1UJ_m4MWhPQA1VvqE7HQo&e=)

 

 

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.

 

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