XLMEDIA PLC

AGM Information • May 27, 2021

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RNS Number : 0518A

XLMedia PLC

27 May 2021

27 May 2021

XLMedia PLC

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

Result of AGM

XLMedia (AIM: XLM), a leading provider of digital performance marketing services, announces the results of the Annual General Meeting ("AGM") of the Company held earlier today.  Prior to the AGM, the Company received a proposal to amend Resolution 7 set out in the notice of the AGM which concerned the authority to issue shares by reducing the amount of the authorization to allow the issuance of up to 26,258,641 Ordinary Shares being ten per cent (10%) of the issued and outstanding capital of the Company as of the AGM and not 87,528,714 Ordinary Shares (being approximately one-third of the issued and outstanding capital of the Company) as originally stipulated in the notice of the meeting.  This amendment was approved at the meeting and all the resolutions proposed at the AGM (including the amended Resolution 7) were duly passed.

All votes were taken on a poll and the total number of votes received on each resolution put to the AGM was as follows:

Resolution (No. as noted on proxy form)	Total For (i)		Total Against		Withheld (ii)
	No. of votes	% of vote	No. of votes	% of vote	No. of votes
---	---	---	---	---	---
Resolution 1: Receive Annual Report and Accounts	116,711,359	97.12	3,466,513	2.88	1,000
Resolution 2: That Mr. Iain Balchin be re-appointed as a director of the Company	109,885,557	91.44	10,292,315	8.56	1,000
Resolution 3: That Mr. Jonas Martensson  be re-appointed as a director of the Company	114,813,093	95.54	5,364,779	4.46	1,000
Resolution 4: That Mr. Ory Weihs be re-appointed as a director of the Company	101,264,464	84.26	18,913,408	15.74	1,000
Resolution 5: Reappointment of Kost Forer Gabbay and Kasiere as auditors of the Company	117,322,071	97.62	2,856,801	2.38	0
Resolution 6: To authorise the Directors to agree the remuneration of the auditors of the Company	117,750,407	97.98	2,428,465	2.02	0
Resolution 7 (as amended): Authority to issue up to 10% of shares until next AGM	120,177,831	99.99	1,041	0.01	0
Resolution 8: Disapplication of pre-emption rights (iii)	120,128,886	99.96	49,986	0.04	0
Resolution 9: Authorities for the Company to purchase its own Ordinary Shares (iii)	119,907,759	99.79	251,113	0.21	20,000

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

(iii)  Special resolution

The full text of the resolutions can be found in the Notice of Annual 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 Officer Iain Balchin, Chief Financial Officer www.xlmedia.com	ir@xlmedia.com
Vigo Consulting Jeremy Garcia / Fiona Hetherington www.vigoconsulting.com	Tel: 020 7390 0233
Cenkos Securities plc (Nomad and Joint Broker) Giles Balleny / Max Gould www.cenkos.com	Tel: 020 7397 8900
Berenberg (Joint Broker) Mark Whitmore / James White / Tejas Padalkar www.berenberg.com	Tel: 020 3207 7800

Notes:

XLMedia is a global performance publisher. Operating globally across a variety of verticals including online gaming, personal finance and sports, the Group uses proprietary data and advanced targeting capabilities to build valuable connections with consumers through high-quality content - a value which can be passed onto XLMedia customers.

Group strategy is rooted in two fundamental corporate objectives to evolve the XLMedia business, speed transformational progress and drive global growth:

·    A balanced portfolio of online assets

o  Proactively managing the portfolio to ensure exposure to a diverse range of attractive territories and vertical markets, with different stages in their lifecycle/maturity. XLMedia seeks to achieve this through realigning the weighting of assets and moving towards more regulated markets (the US) and verticals (Sports), with more data-driven, conscious business model selection. In doing so, the Group seeks to promote sustainable revenue growth for the business and its customers, alongside data-driven intelligence to inform investment cases.

·    Branded, content-rich, engaging websites

o  Cultivating premium publishing brands with a shared belief in quality. XLMedia seeks to achieve this through focused consolidation of its portfolio and resources to concentrate only on those publishing assets which are optimised for its chosen markets. In doing so, the Group seeks to deliver content-rich, consumer centric sites which promote tangible user value while benefiting and extending the capabilities of our customers.

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