XLMedia joins AIM and opens trading
Friday 21 March 2014
London Stock Exchange today welcomed XLMedia to open its UK Markets, marking the admission of its shares for trading on AIM.
XLMedia PLC is a leading provider of digital performance marketing services, attracting paying users from different online channels and directing them to online gambling operators. The Company successfully raised approximately US$69.5 million at a placing price of 49 pence per share giving XLMedia a market capitalisation of circa £92.9 million at admission.
The net proceeds of XLMedia’s Placing will be used to fund the acquisition of qualified marketing companies in the EU and US from an identified pipeline of opportunities to accelerate organic growth and expansion into new territories; acquisitions of high potential domains and country specific joint ventures with operators; and for investment in IT systems.
Ory Weihs, Chief Executive Officer of XLMedia, commented:
“The admission of XLMedia’s shares to trading on the London Stock Exchange’s AIM market is an exciting step for the Company and marks a significant milestone in our development. I would like to thank our institutional investors for their support and the team for all their hard work in making this possible. I look forward to delivering enhanced value for all of our Shareholders as we seek to realise our ambitious growth plans.”