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XLMedia created compelling content for highly engaged audiences and connected them to relevant advertisers. The Group managed a portfolio of premium sports and gaming brands with an emphasis on regulated markets and responsible gaming. In the near term, it will continue provide transition services to Sportradar, the acquirer of the North America assets.

Following completion of the North America Disposal, XLMedia became an AIM Rule 15 Cash Shell and does not propose to make an acquisition that constitutes a reverse takeover under AIM Rule 14 or become an investing company.

Trading in the Company’s Ordinary Shares on AIM was suspended with effect from 7.30am on 14 May 2025 (the “Suspension”). As previously announced, the Company became an AIM Rule 15 Cash Shell on 13 November 2024 with no material trading business, activities and assets other than the cash proceeds from the Disposals. Following completion of the recent Tender Offer and distribution of the cash proceeds, with six months having elapsed since the Company became an AIM Rule 15 Cash Shell, the Suspension took effect in accordance with AIM Rule 15, as planned.

On 19 May 2025, the Company gave notice of the proposed voluntary cancellation of the admission of its Ordinary Shares from trading on AIM pursuant to Rule 41 of the AIM Rules for Companies. The cancellation was approved by Shareholders at a general meeting held on 10 June 2025 and took effect at 8:00 AM (London time) on 18 June 2025.

A liquidation process will be undertaken in due course to realise remaining assets and settle the Company’s outstanding liabilities. Further returns may be made to Shareholders from the liquidation process if there are surplus assets available after settling all liabilities although there can be no certainty that there will be any further such distributions.    

Unless otherwise defined, capitalised terms used in this announcement have the same meaning as in the Company’s announcement dated 11 April 2025.