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An announcement from XLMedia ( (GB:XLM) ) is now available.
XLMedia has announced the results of its Tender Offer, where it successfully acquired the maximum of 100,000,000 Ordinary Shares, representing approximately 70.90% of its existing issued share capital. The company is focused on winding up its affairs and distributing available proceeds to shareholders, with an expected suspension of its Ordinary Shares on AIM by 14 May 2025. The Board anticipates that there may be up to 10p per Ordinary Share of returnable cash value remaining, but there is no certainty of further distributions during the liquidation process.
More about XLMedia
XLMedia is a company that has recently divested its sports and gaming digital media operations. It is currently operating as an AIM Rule 15 Cash Shell, with no material trading business, activities, or assets other than the remaining cash proceeds from recent disposals.
YTD Price Performance: 9.39%
Average Trading Volume: 3,019,511
Technical Sentiment Signal: Buy
Current Market Cap: £13.62M
See more insights into XLM stock on TipRanks’ Stock Analysis page.