XLMedia announced a series of board changes on Monday, as it progressed toward a planned liquidation following the sale of substantially all of its assets.
The AIM-traded company confirmed its focus on cost reduction and effective governance as it prepared to return capital to shareholders and conclude its operations.
An initial return of capital was planned for early next year, with a further distribution expected in the second quarter.
XLMedia’s shares were anticipated to be suspended from trading on AIM by 13 May 2025, marking six months since the completion of its North American asset disposal.
The current board would remain in place until 30 June 2025, overseeing the return of capital and preparing for liquidation.
Independent…
