TIDMXLM

RNS Number : 8890R

XLMedia PLC

02 July 2020

2 July 2020

XLMedia PLC

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

Result of EGM

XLMedia (AIM: XLM), a global digital performance publisher, announces that the resolution proposed at the Extraordinary General Meeting ("EGM") of the Company held earlier today was duly passed.

The total number of proxy votes received on the resolution put to the EGM was as follows:

 
 Resolution (No.               Total For (i)        Total Against    Withheld (ii) 
  as noted on proxy 
  form) 
                              No. of      % of     No. of    % of    No. of votes 
                               votes       vote     votes     vote 
                           -----------  --------  --------  ------  -------------- 
 Resolution 1: 
  To resolve that 
  the XLMedia 2020 
  Global Share Incentive 
  Plan (the '2020 
  LTIP') be hereby 
  approved                  67,959,798    98.61%   957,518   1.39%      953,447 
                           -----------  --------  --------  ------  --------------

Notes:

   (i)    The "For" proxy vote includes those giving the Chairman discretion

(ii) A vote "Withheld" is not a vote in law and is not included in the proxy votes "For" or "Against" the resolution

The full text of the resolution can be found in the Notice of Extraordinary General Meeting, which is available on the Company's website at: https://www.xlmedia.com/investor-relations/presentations-reports-documents/

For further information, please contact:

 
 XLMedia plc Stuart Simms, Chief Executive             ir@xlmedia.com 
  Officer Iain Balchin, Chief Financial 
  Officer www.xlmedia.com 
 Vigo Communications Jeremy Garcia www.vigocomms.com   Tel: 020 7390 0233 
 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

Notes:

XLMedia is a leading global digital performance publisher. Operating globally across a variety of verticals including online gambling, personal finance, sports and technology, the Group uses proprietary tools and methodologies to identify and target high value clients for platform operators.

XLMedia has a clear transformation strategy, which will enable it to shape the future of the performance publishing industry. As previously communicated, the Company has set three Strategic Goals:

   --    Consolidation of publishing assets

o The Company will consolidate its range of publishing assets, focusing its resources on a core set of premium sites in its chosen markets. XLMedia will seek to build stronger relationships with consumers through content-rich, engaging websites, underpinned by intelligent market-leading technology which enhances the yield from each interaction. This rebalancing of the portfolio will be supported by organic investment, disposals and acquisitions.

   --    Investment in US Sports and Personal Finance

o XLMedia has identified North America as a core target market, where it has already established a solid foothold in Personal Finance, led by content-rich websites which are gaining traction. The Company will seek to further develop its Personal Finance presence and significantly increase its investment in the burgeoning US Sports market through partnerships and acquisitions.

   --    Further Investment in regulated markets

o The Company is seeking to generate an increasing proportion of its revenue from more stable, regulated markets, both within current serviced verticals, such as gambling and personal finance and, over time, within additional target segments, where its core skills and scale can provide competitive advantage.

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

July 02, 2020 08:45 ET (12:45 GMT)

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