TIDMXLM

RNS Number : 2033N

XLMedia PLC

23 September 2019

23 September 2019

XLMedia PLC

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

Directorate Change

XLMedia (AIM: XLM), a leading provider of digital performance marketing, announces that Yehuda Dahan has notified the Board of his decision to step down as Chief Financial Officer of the Group with immediate effect.

Liat Hellman, currently Chief Financial Officer of XLMedia's wholly owned subsidiary Webpals, will assume the role of interim Group Chief Financial Officer but will not join the board at this time. Liat has over 20 years' experience in publicly traded companies and has been with XLMedia since 2012 and has detailed experience and understanding of the Company's structure and operations.

The Company will commence a search for a permanent Chief Financial Officer immediately, and will provide updates to shareholders on this process in due course.

Chris Bell, Non-executive Chairman of XLMedia, commented:

"We'd like to extend our thanks to Yehuda for his long-standing contribution to the Group. We wish him every success for his future endeavors."

For further information, please contact:

 
 XLMedia plc Ory Weihs www.xlmedia.com                Via Vigo Communications 
 Vigo Communications Jeremy Garcia / Fiona            Tel: 020 7390 0230 
  Henson / Simon Woods www.vigocomms.com 
 Cenkos Securities plc (Nomad and Joint               Tel: 020 7397 8900 
  Broker) Giles Balleny / Max Gould www.cenkos.com 
 Berenberg (Joint Broker) Chris Bowman                Tel: 020 3207 7800 
  / Mark Whitmore / Simon Cardron www.berenberg.com

The information contained within this announcement (the "Announcement") is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this Announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

September 23, 2019 02:01 ET (06:01 GMT)

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