Tag Archives: London AIM

Sportech announces new leadership as McGuire and Hearne exit re-sized business

Sportech Plc has this morning confirmed that its leadership team of Richard McGuire (CEO) and Tom Hearne (CFO) will step down following the release of the company’s interim results on 9 September. The duo will be replaced by Sportech COO Andrew Lindley, who will serve as new CEO, supported by the promotion of Group Financial Controller Nicola Rowlands to CFO. …

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Sportech tempts investors with a £35m share buyout tender

Sportech Plc has revealed its intentions to launch a tender offer, which has proposed an ‘up to £35.5 million payout’ to existing company shareholders. The tender offer has been sanctioned by Sportech’s senior leadership, with the wagering systems provider aiming to recapture 47% of its issued share capital – reported to be 88.8 million ordinary shares. Sportech has offered its …

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Sportech begins its lightened tenure on London AIM

Sportech Plc has confirmed that it has completed its full public listings migration onto the London AIM exchange.  As of 8:00 AM this morning, the London AIM accepted the admission of Sportech shares priced at 20 pence each, with the wagering and racing systems supplier maintaining its ‘SPO’ ticker. Sportech’s listings migration was first proposed last June, as the company’s …

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XLMedia maintains 2021 guidance as leadership accelerates transformation goals

XLMedia Plc has cited confidence in delivering on its full-year financial expectations and corporate objectives following positive first-half trading in 2021.   Publishing an H1 trading update (period ending 30 June), the London AIM-listed digital publisher expects to generate interim revenues of $32 million, up 15% on corresponding H1 2020 results of $27.7 million. Corporate performance has been buoyed by the …

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XLMedia confident of Google rankings recovery

XLMedia has continued to pursue a ‘multi-track approach’ to recovering its casino rankings after a number of its websites were penalised by Google during the first half of 2020 trading. Publishing a trading update, the London AIM-listed affiliate marketing network informed investors that it expects to deliver group revenues of approximately $54.5 million. Excluding business transformation costs and share-based payments, …

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Low6 taps new investors for ambitious 2021 growth drive 

Mobile betting games and app developer Low6 has secured a new £1.5 million funding round, strengthening the firm’s 2021 IPO prospects.    This morning, London AIM-listed technology fund Pires Investments Plc disclosed that it had participated in Low6’s latest share subscription, securing ‘6667 ordinary shares in Low 6 Limited at a price of £30 per share for a total consideration of …

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XLMedia completes takeover of 101GreatGoals.com

XLMedia has continued to revamp its publishing network after confirming that it has acquired all remaining interests in football video streaming platform 101GreatGoals.com.  Issuing a market filing, the London AIM-listed affiliate marketing publisher confirmed that it had secured all interests in 101GreatGoals.com from its founders, and will revamp the domain by implementing a ‘simplified control structure’. In its notice, XLMedia …

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Nektan ceases trading on London AIM

After failing to appoint a new nominated advisor, Nektan (Gibraltar) Limited has confirmed that it is no longer trading on the London Stock Exchange’s Alternative Investment Market (AIM). Nektan cancelled its trading on AIM, citing AIM Rule 1, which states: “an applicant must appoint a nominated adviser and an AIM company must retain a nominated adviser at all times”. The …

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