XLMedia has announced significant changes in its board following the sale of most of its assets, a move aimed at reducing costs and maintaining governance.

The company plans a further return of capital in H1 2025 and expects its shares to be suspended from AIM trading by May 2025. The current board members, including CEO David King, will leave by June 2025, and new board member Peter McCall will oversee the wind-down process.

XLMedia is a digital media company focusing on sports and gaming sectors. The company has recently completed the disposal of its sports and gaming digital media operations.These developments signal a shift towards winding down operations and maximizing shareholder returns.