WebPals, Israeli VC Partners offload stakes in XLMedia

WebPals Enterprises Limited Partnership (WELP) and Israeli VC Partners Limited Partnership have sold off their remaining stakes in iGaming digital marketing specialist XLMedia.

The two companies have sold a collective 64,206,814 existing ordinary shares at a price of £1.10 (€1.26/€1.36) per share.

The placing shares represent an aggregate 32% of the total issued share capital of XLMedia, with neither WELP nor Israeli VC to hold any ordinary shares in the company once the offering has been completed.

Subject to the satisfaction or waiver of certain customary conditions, the placing is expected to settle on March 31.

Joh. Berenberg, Gossler & Co KG acted as the sole bookrunner and placing agent in relation to the offering.

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