Appointment of Chief Executive Officer

RNS Number : 0046N

XLMedia PLC

27 May 2022

 

27 May 2022 

XLMedia PLC

("XLMedia" or the "Company" or the "Group")

Appointment of Chief Executive Officer

XLMedia (AIM: XLM), a leading global digital performance publisher, is pleased to announce the appointment of David King as Chief Executive Officer and as a member of the Board of Directors. He is expected to join the Group on 1 July 2022.

Stuart Simms, the Company's existing Chief Executive Officer, announced his intention to step down on April 4 2022 and will leave the Company following a period supporting an orderly handover with David.

David joins the Company having held a number of senior Executive roles in companies across the media sector, most recently as Chief Executive Officer at JPIMedia Group, where he led the business through a period of considerable change. This included leading the digital acceleration programme, incorporating a data led strategy to drive audience growth and build new digital revenue streams. David also oversaw an ongoing rationalisation programme, growth of 'the i' newspaper and the sale of the group in three stages.

David brings extensive leadership and financial expertise.

Before entering local media, David was appointed Time Out's first CEO and before that was CFO of BBC Worldwide for nine years. In his early career David spent six years as a Management Consultant at PwC, working with a number of blue-chip clients. He is a qualified Chartered Accountant.

Marcus Rich, Non-Executive Chair at XLMedia, commented:

"We are delighted to welcome David to XLMedia and believe that, with his significant digital publishing experience and proven track record of leading change, he will be a key asset in helping us capitalise on a number of growth initiatives.

David's extensive knowledge of the media sector makes him the ideal candidate to lead the Group and I and the Board look forward to working with him."

David King added:

"I am delighted to join XLMedia and am looking forward to working with the senior leadership team and all of the Group's staff, alongside the board, to lead the business in delivering the next phase of its development and realising the benefits of the Company's growth strategy."

For further information, please contact:

XLMedia plc Caroline Ackroyd, Chief Financial Officer www.xlmedia.com	[e-mail] via Vigo Consulting
Vigo Consulting Jeremy Garcia / Kendall Hill 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 / Richard Andrews / Jack Botros	Tel: [phone]

www.berenberg.com

The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies:

David John King, aged 62, holds or has held in the past 5 years the following directorships and partnerships:

Current

Past five years

Johnston Press Ireland Ltd Score Press Ireland Limited Kilkenny People Holdings Ltd Kilkenny People Publishing Ltd Leinster Express Newspapers Ltd Leinster Leader Ltd, The Leitrim Observer Ltd Longford Leader Ltd, The The Donegal Democrat Limited Limerick Leader Ltd Leader Print Ltd 2025 Advisory Limited

Angus County Press Limited Caledonian Offset Limited F Johnston & Co Limited Galloway Gazette Ltd. (The) Johnston (Falkirk) Limited Johnston Press Plc MRP Holdings Limited Stornoway Gazette Limited Strachan and Livingston, Limited The Scotsman Publications Limited The Tweeddale Press Limited Ackrill Newspapers Limited Anglia Newspapers Limited Bedfordshire Newspapers Limited Blackpool Gazette and Herald Limited Central Counties Newspapers Limited Century Press and Publishing Limited East Lancashire Newspapers Limited East Midlands Newspapers Limited Halifax Courier Holdings Limited Halifax Courier Limited (The) Johnston Letterbox Direct Ltd. Johnston Press Bond Plc Johnston Publications Limited Johnston Publishing (North) Ltd. Johnston Publishing Limited Lancashire Evening Post Limited Lancashire Publications Limited Lancaster & Morecambe Newspapers Limited Lincolnshire Newspapers Limited Love News Media Ltd Minthill Limited North Notts Newspapers Limited Northampton Web Limited Northamptonshire Newspapers Limited Northeast Press Limited Peterboro' Web Limited Portsmouth & Sunderland Newspapers Limited Portsmouth Publishing and Printing Limited Premier Newspapers Limited Regional Independent Media Acquisitions Limited Regional Independent Media Group Limited Regional Independent Media Holdings Limited Regional Interactive Media Limited Reporter Limited (The) Sheffield Newspapers Limited South Yorkshire Newspapers Limited Sussex Newspapers Ltd T.R. Beckett, Limited Welland Valley Newspapers Limited Wilfred Edmunds, Limited Yorkshire Post Newspapers Limited Yorkshire Regional Newspapers Limited Yorkshire Weekly Newspaper Group Limited Century Newspapers Limited Local Press Ltd Morton Newspapers Limited The Derry Journal Limited Isle of Man Courier Holdings Ltd Regional Independent Media Funding 1 Limited Regional Independent Media Funding 2 Limited Score Press Limited Montrose Review Press Limited The Newspaper Organisation Limited UKTV interactive Limited BBC World Service Television Limited Central Lancashire Printers Limited F Johnston & Company Limited Regional Independent Media Limited Nationalist Newspaper Unlimited Company Thomas Roe Unlimited Company The Munster Tribune Unlimited Company Limerickman Unlimited Company Wellbrook Press Unlimited Company The Dundalk Democrat Limited Leinster Express Printing Unlimited Company

Mr King does not currently hold any shares in the Company.

Mr King was a director of Johnston Press plc, and its related and subsidiary entities, when it was placed into administration on 17 November 2018. Johnston Press plc was subsequently placed into compulsory liquidation on 19 May 2021, with the related and subsidiary entities wound up on varying dates following the Johnston Press plc administration.

The Johnston Press plc related entities are: Johnston Publishing Limited,  The Derry Journal Limited, Angus County Press Limited, Galloway Gazette ltd. (the), Johnston (Falkirk) Limited, Morton Newspapers Limited, Stornoway Gazette Limited, Strachan and Livingston Limited, The Scotsman Publications Limited, The Tweeddale Press Limited, Century Newspapers Limited, Johnston Publications Limited, Regional Independent Media Group Limited, Reporter Limited (the), Johnston Press Bond plc, Love News Media ltd, Ackrill Newspapers Limited, Anglia Newspapers Limited, Blackpool Gazette and Herald Limited, East Lancashire Newspapers Limited, East Midlands Newspapers Limited, Halifax courier Holdings Limited, Halifax Courier Limited (the), Johnston Letterbox Direct Ltd, Lancashire Evening Post Limited, Lancashire Publications Limited, Lancaster & Morecambe Newspapers Limited, Northamptonshire Newspapers Limited, Northeast Press Limited, Portsmouth & Sunderland Newspapers Limited, Portsmouth Publishing and Printing Limited, Premier Newspapers Limited, Sheffield Newspapers Limited, South Yorkshire Newspapers Limited, Sussex Newspapers Ltd, T.R. Beckett limited, Wilfred Edmunds Limited, Yorkshire Post Newspapers Limited, Yorkshire Regional Newspapers Limited, Yorkshire Weekly Newspaper Group Limited, Johnston Publishing (North) Ltd, MRP Holdings Limited,  N orth Notts Newspapers Limited, Regional Independent Media Holdings Limited, Welland Valley Newspapers Limited, Lincolnshire Newspapers Limited, Northampton Web Limited, Peterboro' Web Limited, Minthill Limited, Local Press Limited, Caledonian Offset Limited, F.Johnston & Company Limited, Central Counties Newspapers Limited, Regional Independent Media Funding 1 Limited, Regional Independent Media Funding 2 Limited, Regional Independent Media Acquisitions Limited, Regional Interactive Media Limited, Century Press and Publishing Limited, Bedfordshire Newspapers Limited, Montrose Review Press Limited, Kilkenny People Holdings Limited, The Leinster Leader, Limited, Limerick Leader Limited, the Donegal Democrat Limited, Leitrim Observer Limited, Johnston Press Ireland Limited, Leader Print Limited, Kilkenny People Publishing Limited, The Longford Leader Limited, Score Press Ireland Limited, Leinster Express Newspapers Limited.

About XLMedia:

XLMedia (AIM:XLM) is a global digital performance publisher. Operating across sports, personal finance, and gaming, the Group utilizes data science to reach the right audiences with the right content at the right time - driving action and building valuable relationships between audiences and partners.

The Group manages a balanced portfolio of premium brands that cover a range of attractive geographies with a primary emphasis on regulated markets. The XLMedia portfolio is designed to reach targeted audiences with the desire to engage and take action.

 

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