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Friday 07 March, 2014

AIM

Schedule 1 - XLMedia Plc

RNS Number : 7457B
AIM
07 March 2014
 



 

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")


COMPANY NAME:

 

XLMedia PLC

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

12 Castle Street

St. Helier

Jersey

JE2 3RT

 

COUNTRY OF INCORPORATION:

 

Jersey

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

www.xlmedia.com

 

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY).  IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

XLMedia PLC, whose operations were established in 2008, is a global digital publisher and marketing company which attracts paying users from different online channels and directs them to online gambling operators. The Company is registered in Jersey and the Group's operations are principally located in Israel and Cyprus.

 

The Group provides marketing services to online gambling operators. The Group attracts players through online marketing techniques and subsequently seeks to channel high value ''traffic'' (i.e. players) to gambling operators who, in turn, convert such traffic into paying customers. Online gamblers are attracted by the Group's publications and advertisements and are then directed, by the Group, to online gambling operators in return for a share of the revenue generated by such players, a fee generated per player acquired, fixed fees or a hybrid of any of these three models.

 

Online gambling operators typically invest heavily in brand building through online and offline advertising to attract online players, and also use a network of marketing partners, known as affiliates, to promote their products and services. These partners are remunerated by the gambling operators for each player they refer to them.

 

The business has a strong presence in Scandinavia and the Group intends to continue to invest and organically develop the Group's position there.  The Group also intends to expand its operations into jurisdictions where the Directors believe significant opportunities exist, with an initial focus on the US.

 

The Group generates customer traffic for over 120 online gambling operators including Betsson, Mr. Green, Vera & John (all in Scandinavia) and other established industry brands such as 888.com, Ladbrokes, Unibet and William Hill.

 

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

TBC new ordinary shares of US$ 0.000001

 

No shares are held in treasury

 

The shares are freely transferable and have no restrictions placed on them.

 

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

Capital to be raised: TBC

 

Anticipated market capitalisation on admission:  TBC

 

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

 

TBC

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:

NA

 

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

Christopher ("Chris") Bell - Independent Non-Executive Chairman

Ory Weihs - Chief Executive Officer

Richard Rosenberg -Independent Non-Executive Director

Alicia Rotbard - Independent Non-Executive Director

Yaron Eitan - Non-Executive Director

 

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

Prior to Admission

Webpals Enterprises Limited, in its capacity as General Partner for Webpals Enterprises LimitedPartnership ("WELP"), - 83.2%*

Israeli VC Partners LP - 16.8%

 

*Through his indirect interest in WELP Ory Weihs has an interest of 8.18% in XLMedia PLC

 

Post Admission

TBC

 

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

N/A

 

(i)         ANTICIPATED ACCOUNTING REFERENCE DATE

(ii)        DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii)       DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i)         31 December

(ii)        30 June 2013

(iii)       Annual accounts to 31 December 2013 before 30 June 2014, interim report to 30 June 2014 by 30 September 2014 and annual accounts to 31 December 2014 by 30 June 2015

 

EXPECTED ADMISSION DATE:

21 March 2014

 

NAME AND ADDRESS OF NOMINATED ADVISER:

Cenkos Securities plc

6.7.8 Tokenhouse Yard

London

EC2R 7AS

 

NAME AND ADDRESS OF BROKER:

Cenkos Securities plc

6.7.8 Tokenhouse Yard

London

EC2R 7AS

 

 

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

The admission document containing full details about XLMedia PLC at the admission of ordinary shares will be available from the offices of Berwin Leighton Paisner LLP at Adelaide House, London Bridge, London, EC4R 9HA.

 

 

DATE OF NOTIFICATION:

7 March 2014

 

NEW/ UPDATE:

NEW

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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