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XLMedia’s largest shareholders sell remaining stake for £70.6m

28th March 2017 7:51 am GMT
XLMedia

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. [...]

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