XLMedia Plans AIM Delisting as Part of Wind-Down Strategy

 

XLMedia (LSE:XLM) has revealed its plan to remove its ordinary shares from trading on the AIM market amid its ongoing wind-down process. This move follows the company’s recent reclassification as an AIM Rule 15 Cash Shell and the suspension of its shares. The proposed delisting, which requires approval from shareholders, aims to reduce operational costs and streamline the company’s liquidation efforts.

Post-delisting, shareholders may encounter difficulties trading their shares, and XLMedia will no longer be bound by AIM’s regulatory and reporting requirements.

About XLMedia

Previously listed on AIM, XLMedia has recently exited its sports and gaming digital media operations. The company is now focused on returning cash proceeds from these asset disposals to its shareholders.

• Average Daily Trading Volume: 2,620,781

• Technical Sentiment: Strong Sell

• Market Capitalization: £9.05 million

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