Change in Director's disclosable interest

RNS Number : 7092A

XLMedia PLC

28 March 2017

 

28 March 2017

FOR IMMEDIATE RELEASE

XLMedia PLC

("XLMedia" or "the Company")

Change in Director's disclosable interest

XLMedia (AIM: XLM), a leading provider of digital performance marketing services, today announces that following the sale by Webpals Enterprises Partnership Limited ("WELP") announced earlier today, the disclosable interest in the Company of Ory Weihs, Chief Executive Officer, has changed. Due to Mr. Weihs' indirect economic interest in WELP (but with no voting rights attaching to), the sale by WELP has reduced his indirect holding in the Company by 4,474,006 ordinary shares.

In addition, Mr. Weihs purchased 1,000,000 ordinary shares in the Company directly.

As a result of the transactions above, which were completed at 110 pence per share, Mr. Weihs' interest is now 3,650,000 ordinary shares (approximately 1.82% of the Company), which are all held directly.

ANNEX

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr. Ory Weihs
2	Reason for the notification
a)	Position/status	CEO and Director / PDMR
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	XLMedia Plc
b)	LEI	2138008U4S6FBDHGWY81
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of US0.000001 JE00BH6XDL31
b)	Nature of the transaction	Sale of indirect economic interest and direct purchase of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 110 pence -4,474,006 110 pence +1,000,000
d)	Aggregated information - Aggregated volume - Price	Price(s) Volume(s) 110 pence -3,474,006
e)	Date of the transaction	28 March 2017
f)	Place of the transaction	London Stock Exchange

For further information, please contact:

XLMedia plc Ory Weihs 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]
Berenberg (Joint Broker) Chris Bowman / Mark Whitmore / Amritha Murali www.berenberg.com	Tel: [phone]

 

END

 

 

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