SBC News XLMedia reviews options with view to maximise shareholder returns

XLMedia reviews options with view to maximise shareholder returns

oryweihs
Ory Weihs

Having announced this January that its full-year 2015 performance will outperformed market expectations. XLMedia governance this morning issued a corporate statement detailing that it will undertake a strategic review of its business, considering all options in order to maximise shareholder value.

Releasing its short statement, London AIM listed XLMedia Plc noted that it would review all options available, including acquiring or merging with another business, raising money from a third-party investor, or selling the company”.

The igaming marketing and player acquisition firm, will retain the services of Canaccord Genuity and Cenkos Securities as financial advisers.

In its 2015 year end update the firm posted circa $87 million in revenues, supported by $28.2 million in EBITA earnings, representing a 66% increase on FY 2014 earnings results.

XLMedia governance detailed that its strong growth had been aided by the positive impact of its acquisitions aimed at increasing the firm’s marketing scale and diversifying its products and services.

The firm is currently led by CEO and Co-founder Ory Weihs, its strategic review comes just short of its two year listing on the London AIM (IPO debut March 2014). 

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