Announcement of Dividend

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 [e-mail] www.xlmedia.com	Tel: [phone]
Vigo Communications Jeremy Garcia / Fiona Henson www.vigocomms.com	Tel: [phone]
Cenkos Securities plc (Nomad and Joint Broker) Ivonne Cantu / Camilla Hume www.cenkos.com	Tel: [phone]
Liberum (Joint Broker) Neil Patel / Chris Clarke www.liberum.com	Tel: [phone]

 

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