JCDecaux completes the acquisition of APN Outdoor
October 31 2018 - 3:00AM
JCDecaux completes
the acquisition of APN Outdoor
Paris, October
31st, 2018 -
JCDecaux SA (Euronext Paris: DEC), the number one outdoor
advertising company worldwide, announces that the scheme of
arrangement between APN Outdoor and its shareholders that was
approved by APN Outdoor shareholders on October 15th, 2018
and the Federal Court of Australia (NSW) on
October 18th, 2018
(Scheme) was implemented today. Accordingly:
-
JCDecaux ANZ Pty Ltd, a wholly owned subsidiary
of JCDecaux SA, now holds all of the shares on issue in APN
Outdoor;
-
the Scheme Consideration of A$6.40 cash for each
APN Outdoor share held as at 7:00pm (Sydney time) on October
25th, 2018
has been paid today to Scheme Shareholders (as defined in the
Scheme Booklet); and
-
the Special Dividend of A$0.30 cash for each APN
Outdoor share held as at 7:00pm (Sydney time) on October
22nd, 2018
was paid on October 29th, 2018.
With effect from the
implementation of the Scheme, Doug Flynn, Pat O'Sullivan, Jack
Matthews, Lisa Chung and James Warburton have resigned as directors
of APN Outdoor.
Stephen O'Connor (currently the Chief Executive Officer of JCDecaux
Australia), Andrew Hines (currently the Chief Operating Officer of
APN Outdoor) and Brendan O'Neill (currently the Chief Financial
Officer of JCDecaux Australia) have been appointed as the new
directors of APN Outdoor.
Trading in APN Outdoor shares on
the Australian Stock Exchange was suspended from the close of
trading on October 18th, 2018.
APN Outdoor will apply to have quotation of its shares terminated
and for APN Outdoor to be removed from the official list of the
Australian Stock Exchange with effect from close of trading on
November 1st, 2018.
Jean-François
Decaux, Co-Chief Executive Officer of JCDecaux, said:
"The completion of our acquisition of APN Outdoor
represents a significant milestone in our global growth strategy,
making Australia our 4th largest
market and entering a new attractive market such as New Zealand.
JCDecaux is now well positioned to provide a compelling proposition
to compete more effectively in the Australian media market where
OOH represents only 6% of advertising spend with DOOH's share being
nearly 50%."
Key Figures for
JCDecaux
-
2017 revenue: €3,493m*, H1 2018
revenue: €1,643m
-
JCDecaux is listed on the
Eurolist of Euronext Paris and is part of the Euronext 100 and
Euronext Family Business indexes
-
JCDecaux is part of the
FTSE4Good index
-
N°1 worldwide in street
furniture (543,050 advertising panels)
-
N°1 worldwide in transport
advertising with more than 215 airports and 250 contracts in
metros, buses, trains and tramways (356,320 advertising
panels)
-
N°1 in Europe for billboards
(141,630 advertising panels)
-
N°1 in outdoor advertising in
Europe (672,220 advertising panels)
-
N°1 in outdoor advertising in
Asia-Pacific (216,290 advertising panels)
-
N°1 in outdoor advertising in
Latin America (77,190 advertising panels)
-
N°1 in outdoor advertising in
Africa (26,770 advertising panels)
-
N°1 in outdoor advertising in
the Middle-East (18,650 advertising panels)
-
Leader in self-service bike
rental scheme: pioneer in eco-friendly mobility
-
1,074,113 advertising panels in
more than 80 countries
-
Present in 4,033 cities with
more than 10,000 inhabitants
-
13,040 employees
* Restated from
the retrospective application of IFRS 15, applicable from
January 1st, 2018
Communications Department: Agathe
Albertini
+33 (0) 1 30 79 34 99 - agathe.albertini@jcdecaux.com
Investor Relations:
Arnaud Courtial
+33 (0) 1 30 79 79 93 - arnaud.courtial@jcdecaux.com
Domestique
Consulting: Lauren Thompson
+61 2-9119-3078 - lauren@domestiqueconsulting.com.au
31-10-2018 # APN Outdoor -
Implementation of the scheme - UK
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: JCDecaux via Globenewswire
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