Bird & Bird advises Berenberg, Gossler & Co as sole global bookrunner on a secondary placing of shares for AIM listed XLMedia
International law firm Bird & Bird has advised Joh. Berenberg, Gossler & Co. KG as sole global bookrunner on a successful placing of new Ordinary Shares for XLMedia Plc, raising gross proceeds of £31.7 million. The placing was oversubscribed and was carried out by way of an accelerated bookbuild. The admission of the new Ordinary Shares to trading on AIM will take place on 22 January 2018.
XLMedia, a leading provider of digital performance marketing, will use the proceeds from the placing to fund future acquisition opportunities.