StockMarketWire.com - Digital performance marketing group XLMedia launched a tender offer to buy back up to around 9.51% of its shares on issue.

The tender price would represent a premium of around 10% to the closing price of the company's shares on Monday.

Shareholders would be able to tender up to 9.51% of their holding.

The offer would open on Wednesday morning and close on 14 August.

'The board is of the opinion that the full potential of the company is not reflected in the current share price,' chairman Chris Bell said.

'This tender offer accelerates our current share buyback programme, further capitalising on our current share price.'




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