Grant of Share Awards

RNS Number : 2194X

XLMedia PLC

30 April 2021

 

30 April 2021

XLMedia PLC

("XLMedia" or the "Company")

Grant of Share Awards

XLMedia (AIM: XLM), a global digital performance publisher, announces that it has today granted share awards over a total of 1,959,707 ordinary shares in the Company under the XLMedia 2020 Global Share Incentive Plan (the "Awards"), as approved by shareholders at the EGM in July 2020. The Awards represent 0.746 % of the currently issued share capital of the Company.

T he Awards were granted to persons discharging managerial responsibilities ("PDMRs") and are summarised below:

Employee	Role	Award Type	Number of shares subject to the Award
S tuart Simms	CEO	PSU Award	1,190,476
Iain Balchin	CFO	PSU Award	769,231

The PSU Award are contingent rights to acquire shares for no consideration. The PSU Award is subject to a four-year vesting period followed by a one year holding period and the achievement of performance targets measured by the increase in the share price of the Company during the period between 1 January 2021 and 31 December 2024 ("Performance Period"), as summarized in the table below.

Average Share Price during the 30 days prior to the end of the Performance Period	% of the Award capable of vesting
£1.50 or higher	100%
Between £1.35 and £1.50	On a straight line basis between 50% and 100%
Between £1.20 and £1.35	On a straight line basis between 25% and 50%
Less than £1.20	0%

In order to adjust for the effect of any dividend payments over the Performance Period, the share price targets will be reduced by reference to any dividends per share paid over the Performance Period.

Following this grant, the Company will have 6,547,042 plus this grant shares (3.24%) subject to options granted and outstanding under the Company's share plans.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further details.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stuart Simms
2	Reason for the notification
a)	Position/status	CEO
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	Contingent share awards over ordinary shares of USD0.000001 each in XLMedia PLC under the XLMedia 2020 Global Share Incentive Plan ISIN of ordinary shares:  JE00BH6XDL31
b)	Nature of the transaction	Grant of contingent share awards
c)	Price(s) and volume(s)	1,190,476 at a nil price per share
d)	Aggregated information - Aggregated volume - Price	N/A single transaction
e)	Date of the transaction	30  April 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Iain Balchin
2	Reason for the notification
a)	Position/status	CFO
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	Contingent share awards over ordinary shares of USD0.000001 each in XLMedia PLC under the XLMedia 2020 Global Share Incentive Plan ISIN of ordinary shares:  JE00BH6XDL31
b)	Nature of the transaction	Grant of contingent share awards
c)	Price(s) and volume(s)	769,231 at a nil price per share
d)	Aggregated information - Aggregated volume - Price	N/A single transaction
e)	Date of the transaction	30  April 2021
f)	Place of the transaction	Outside a trading venue

For further information, please contact:

XLMedia plc Stuart Simms, Chief Executive Officer Iain Balchin, Chief Financial Officer Kieran McKinney, Investor Relations www.xlmedia.com	[e-mail]
Vigo Consulting Jeremy Garcia / Fiona Hetherington www.vigoconsulting.com	Tel: [phone]
Cenkos Securities plc (Nomad and Joint Broker) Giles Balleny / Max Gould www.cenkos.com	Tel: [phone]
Berenberg (Joint Broker) Mark Whitmore / James White / Tejas Padalkar www.berenberg.com	Tel: [phone]

N otes:

XLMedia is a leading global digital performance publisher. Operating globally across a variety of verticals including online gambling, personal finance, sports and technology, the Group uses proprietary tools and methodologies to identify and target high value clients for platform operators.

XLMedia has a clear transformation strategy, which will enable it to shape the future of the performance publishing industry.  The Company has set out a clear strategic agenda under two fundamental priorities:

· A balanced portfolio of online assets

o  XLMedia seeks to create a balanced portfolio of websites to cover a range of attractive geographies, both stable and high-growth verticals and with greater exposure to regulated markets.  In doing so, the Company will focus particularly on developing our presence in North American sports, primarily through targeted acquisition.

· Branded, content-rich, engaging websites

o  XLMedia will consolidate its online portfolio, concentrating on a much smaller number of publishing assets, and focusing its resources on optimising this core set of premium sites for its chosen markets.  These content-rich, engaging websites, underpinned by intelligent market-leading technology, will seek to build stronger lasting relationships with consumers and enhance monetisation opportunities.

 

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