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XLMedia PLC announced on 14 May 2025 that trading in its Ordinary Shares on AIM was suspended with effect from 7:30am on that date. This suspension occurred in accordance with AIM Rule 15, six months after the company became an AIM Rule 15 Cash Shell on 13 November 2024.
| Date | 14 May 2025 |
| Time | 07:00:04 |
| Category | Miscellaneous |
| ID | 5298I |
14 May 2025 For immediate release
XLMedia PLC
("XLMedia", the "Group", or the "Company")
Suspension of Trading
Trading in the Company's Ordinary Shares on AIM will be suspended with effect from 7.30am today (the "Suspension"). As previously announced, the Company became an AIM Rule 15 Cash Shell on 13 November 2024 with no material trading business, activities and assets other than the cash proceeds from the Disposals. Following completion of the recent Tender Offer and distribution of the cash proceeds, with six months having elapsed since the Company became an AIM Rule 15 Cash Shell, the Suspension will take effect today in accordance with AIM Rule 15, as planned.
The Company will make a further announcement in due course regarding the proposed cancellation of its Ordinary Shares to trading on AIM, in accordance with the Company's wind-down of the business and ultimate liquidation.
Unless otherwise defined, capitalised terms used in this announcement have the same meaning as in the Company's announcement dated 11 April 2025.
For further information, please contact:
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XLMedia plc David King, Chief Executive Officer Peter McCall, Director and Company Secretary
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Cavendish Capital Markets Limited (Nomad and Broker) Giles Balleny / Callum Davidson / Hamish Waller (Corporate Finance) |
Tel: 020 7220 0500 |
About XLMedia
XLMedia (AIM: XLM) has recently disposed of its sports and gaming digital media operations.