Tag Archives: London AIM

XLMedia maintains 2021 guidance as leadership accelerates transformation goals

XLMedia Plc has cited confidence in delivering on its full-year financial expectations and corporate objectives following positive first-half trading in 2021.   Publishing an H1 trading update (period ending 30 June), the London AIM-listed digital publisher expects to generate interim revenues of $32 million, up 15% on corresponding H1 2020 results of $27.7 million. Corporate performance has been buoyed by the …

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XLMedia confident of Google rankings recovery

XLMedia has continued to pursue a ‘multi-track approach’ to recovering its casino rankings after a number of its websites were penalised by Google during the first half of 2020 trading. Publishing a trading update, the London AIM-listed affiliate marketing network informed investors that it expects to deliver group revenues of approximately $54.5 million. Excluding business transformation costs and share-based payments, …

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Low6 taps new investors for ambitious 2021 growth drive 

Mobile betting games and app developer Low6 has secured a new £1.5 million funding round, strengthening the firm’s 2021 IPO prospects.    This morning, London AIM-listed technology fund Pires Investments Plc disclosed that it had participated in Low6’s latest share subscription, securing ‘6667 ordinary shares in Low 6 Limited at a price of £30 per share for a total consideration of …

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Playtech seeks to relocate corporate residency back to the UK

The board of Playtech Plc has proposed to investors that the company transfers its tax residency and corporate controls back to the UK. The FTSE250 firm stated its intentions to relocate its corporate residency back to London from Douglas, Isle of Man,  as part of its 2021 strategy. Should the directive be approved, Playtech will seek to migrate its tax …

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XLMedia completes takeover of 101GreatGoals.com

XLMedia has continued to revamp its publishing network after confirming that it has acquired all remaining interests in football video streaming platform 101GreatGoals.com.  Issuing a market filing, the London AIM-listed affiliate marketing publisher confirmed that it had secured all interests in 101GreatGoals.com from its founders, and will revamp the domain by implementing a ‘simplified control structure’. In its notice, XLMedia …

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Nektan ceases trading on London AIM

After failing to appoint a new nominated advisor, Nektan (Gibraltar) Limited has confirmed that it is no longer trading on the London Stock Exchange’s Alternative Investment Market (AIM). Nektan cancelled its trading on AIM, citing AIM Rule 1, which states: “an applicant must appoint a nominated adviser and an AIM company must retain a nominated adviser at all times”. The …

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Nektan offloads white-label B2C unit to Active Win Group

Issuing a market filing, London AIM-listed Nektan Plc has confirmed that it has disposed of its UK B2C unit, offloading the asset to Grace Media for £200,000. News of the transaction follows a Tuesday update by Nektan governance confirming that the appointment of Mark Phillips and Julie Swan of PCR London as joint administrators of the B2C unit. Grace Media …

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Nektan agrees terms for vital funding

London AIM-listed mobile gaming group Nektan Plc has confirmed that it has secured £2.6 million in working capital, having agreed subscription terms on a new share placement. Issuing its latest market-filing, Nektan governance reveals that ‘certain investors’ have agreed to back the firm’s subscription agreement, set at 52 million new shares priced at 5p per share. In its transaction note, …

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Nektan begins new CEO search after Lucy Buckley’s departure

London AIM-listed mobile gaming group Nektan Plc has begun executive search procedures after confirming the departure of Lucy Buckley as CEO. Issuing a corporate statement, Nektan said that company founder and Executive Director Gary Shaw will act as company Chief Executive on an interim basis. Buckley will ‘remain available to the board’ to help the company with its leadership transition, …

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Atemi boosts UK presence with 5 Star Traffic acquisition

Ahead of a rumoured initial public offering (IPO), online gaming affiliate Atemi has confirmed that it has taken over UK casino affiliate 5 Star Traffic.  Under the terms of the acquisition, which have not yet been disclosed, Atemi seeks to strengthen its UK presence via the acquisition after purchasing 100 per cent of the outstanding shares of 5 Star Traffic.  …

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