Change in Director's disclosable interest

RNS Number : 9634V

XLMedia PLC

03 February 2017

 

3 February 2016                                                                                                                     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 of shares by Webpals Enterprises Partnership Limited ("WELP") announced earlier today, the disclosable interest in the Company of Ory Weihs, Chief Executive Officer, has been reduced. This change results from Mr. Weihs' indirect economic interest in (with no voting rights attaching to) WELP.

As a result of the transaction, which was completed at 100 pence per share, Mr. Weihs' interest has reduced by 3,973,333 ordinary shares to 6,834,423 (approximately 3.41% of the Company), of which 2,360,417 ordinary shares (approximately 1.18% of the Company's issued share capital) are held directly and 4,474,006 (approximately 2.23% of the Company's issued share capital) relate to his interest in WELP. Mr. Weihs also continues to hold options over 179,583 ordinary shares in the Company.

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	NA
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
c)	Price(s) and volume(s)	Price(s) Volume(s) 100 pence 3,973,333
d)	Aggregated information - Aggregated volume - Price	NA
e)	Date of the transaction	2 February 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]

 

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