Notice of Dividend Amount • Jan 21, 2016
Notice of Dividend Amount
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National Storage Mechanism | Additional information
RNS Number : 5150M
XLMedia PLC
21 January 2016
| For immediate release | 21 January 2016 |
XLMedia PLC
("XLMedia" or "the Company")
ANNOUNCEMENT OF DIVIDEND
Continued strong financial performance underpins progressive dividend policy
XLMedia (AIM: XLM), a leading provider of digital performance marketing services, is pleased to announce that the board has declared a dividend payment of US $5 million or 2.4956 cents per share for the year ended 31 December 2015. This totals full year 2015 dividends of 5.096 cents per share.
The dividend is paid following the strong performance of the Company in 2015 which is expected to deliver adjusted EBITDA of at least $28.2 million, as announced in the Company's trading update on 19 January 2016.
According to the Company's policy of paying out at least 50 per cent. of the retained earnings in any financial year by way of dividend, this payment indicates the Board's confidence in the business. The dividend will be paid on 26 February 2016, to shareholders on the register as at 29 January 2016.
Chris Bell, XLMedia Chairman commented:
"We are happy to announce another dividend to our shareholders, according to our progressive dividend policy. The Board is pleased with the 2015 performance and is confident in the continued growth and outlook for the Company."
For further information, contact:
| XLMedia plc Ory Weihs [email protected] www.xlmedia.com |
Tel: 020 8817 5283 |
| Vigo Communications Jeremy Garcia / Fiona Henson www.vigocomms.com |
Tel: 020 7016 9570 |
| Cenkos Securities plc (Nomad and Joint Broker) Ivonne Cantu / Camilla Hume www.cenkos.com |
Tel: 020 7397 8900 |
| Liberum (Joint Broker) Neil Patel / Chris Clarke www.liberum.com |
Tel: 020 3100 2000 |
This information is provided by RNS
The company news service from the London Stock Exchange
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