Recent News
Summary Winding Up of XLMedia PLC
Andy Wood and Alex Adam of Teneo Financial Advisory were appointed Joint Liquidators of XLMedia PLC on 7 October 2025. The affairs, business and property of the Company are managed by the Joint Liquidators. The Joint Liquidators act as agents of the Company and contract without personal liability.
Contact details:
- Heather Hughes Heather.Hughes@teneo.com
- Alessandro Brancato Alessandro.Brancato@teneo.com
- Tia Elkington Tia.Elkington@teneo.com
+44 113 396 0147
Prior Events
At a meeting of the directors of the Company held on 18 September 2025 it was resolved that it would be in the best interests of the Company and its shareholders to place the Company into summary winding up and to recommend the same to the shareholders of the Company.
On 19 September the Company published a Circular which provided notice of a General Meeting of the Company at which various resolutions (the “Resolutions“) were proposed in order to summarily wind-up the Company and for the Joint Liquidators to be appointed.
The General Meeting was held on 7 October 2025 and all of the Resolutions were passed.
The Circular can be accessed here.
Following completion of the North America Disposal in November 2024, XLMedia became an AIM Rule 15 Cash Shell with no material trading business, activities and assets other than the cash proceeds from the disposals of its Europe and North America businesses and did not propose to make an acquisition that would constitute 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”). Following completion of tworecent Tender Offers between January and May 2025 and the distribution of 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.
