XLMedia ( (GB:XLM) ) has provided an announcement.
XLMedia PLC announced a proposed return of up to £11.0 million to shareholders through a Tender Offer, following the completion of its disposals. This move is part of the company’s plan to wind up its affairs and distribute available proceeds to shareholders. The Tender Offer, set at a fixed price of 11 pence per share, represents a 16% premium over the recent market price and could result in the repurchase of approximately 70.90% of the company’s current issued share capital. The company has no plans for further capital distributions before the suspension of its shares on AIM, expected on 14 May 2025. The Board has focused on minimizing costs and settling liabilities, with potential further returns to shareholders contingent on the liquidation process.
More about XLMedia
XLMedia PLC is a digital media company specializing in sports and gaming. The company focuses on providing digital marketing services and has been involved in various disposals, leaving it as an AIM Rule 15 Cash Shell with no significant trading activities.
YTD Price Performance: 6.08%
Average Trading Volume: 3,145,909
Technical Sentiment Signal: Strong Buy
Current Market Cap: £13.21M
For a thorough assessment of XLM stock, go to TipRanks’ Stock Analysis page.