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
David King, Chief Executive
Officer
www.xlmedia.com
|
ir@xlmedia.com
|
|
Cavendish Capital Markets Limited (Nomad and
Broker)
Giles Balleny / Callum Davidson
(Corporate Finance)
Charlie Combe (Corporate
Broking)
www.cavendish.com
|
Tel: 020 7220 0500
|
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.
