13th Nov 2024 14:30
XLMedia PLC - London-based sports digital media company - Says it has completed the disposal of its North America business to Sportradar AG, having received USD20 million of the USD30 million transaction value. XLMedia has therefore become an AIM rule 15 cash shell, focused on distributing disposal proceeds among shareholders, as promised when it agreed to the North America disposal in late October. Sportradar is a St Gallen, Switzerland-based sports technology solution provider. XLMedia previously sold its Europe and Canada assets to Gambling.com Group Ltd for USD42.5 million. Plans to continue trading on AIM until final consideration payments from both transactions are received. Expects trading in ordinary shares to be suspended on or around May 13, after which it will take steps to effect cancellation.
Current stock price: 12.25 pence, flat on Wednesday afternoon in London
12-month change: up 68%
By Emma Curzon, Alliance News reporter
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