Shares in performance marketing specialist XLMedia fell by more than 7 per cent in London Tuesday after the company’s two largest shareholders sold their remaining 32 per cent stake in the business for £70.6m.
WebPals Enterprises Limited Partnership (WELP) and Israeli VC Partners Limited Partnership sold their remaining stakes in XLMedia, a combined 64,206,814 shares, at a price of 110p per share.
The placing shares represent 32 per cent of the issued share capital of the company. [...]
