- XLMedia has appointed Canaccord Genuity to review strategic options open to the company with the intention of considering all opportunities for maximising value for shareholders.

Since the Company's initial public offering in March 2014, the Company has consistently reported strong financial performance, continually invested in organic growth opportunities, completed several successful earnings enhancing acquisitions and declared $21.25 million in dividends to shareholders.

Notwithstanding this and the Company's financial strength, the directors of the Company (the "Board") have determined it is appropriate to evaluate opportunities to maximise value for the Company's shareholders.

The strategic review will be wide ranging and may include a corporate transaction such as the Company acquiring complementary businesses, a merger with, acquisition of or subscription for the Company's securities by a third party, or a sale of the business.

The purpose of the Strategic Review is to assess opportunities that will maximise value for shareholders.

The Board has appointed Canaccord Genuity as lead financial adviser and Cenkos Securities plc ("Cenkos") as financial adviser for the purposes of the Strategic Review.

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