Ocean Outdoor Limited Update on Re-admission to trading on the LSE (6731H)
November 19 2018 - 2:00AM
UK Regulatory
TIDMOOUT TIDMOLOW
RNS Number : 6731H
Ocean Outdoor Limited
19 November 2018
Ocean Outdoor Limited
("Ocean", "Ocean Outdoor" or the "Company" and, together with
its subsidiaries, the "Group")
Update on Re-admission to trading on the London Stock
Exchange
London, United Kingdom, 19 November 2018
Ocean Outdoor Limited (LSE: OOUT), a leading operator of premium
Digital Out-of-Home advertising in the UK, is pleased to announce
it is on track to re-admit to trading on the London Stock Exchange
by the end of the year.
Ocean Outdoor operates some of the UK's most prestigious digital
outdoor locations, including the BFI London IMAX; Holland Park
Roundabout, which forms part of the Company's exclusive external
rights to two of the largest premium urban shopping malls in
Europe, Westfield London and Westfield Stratford; The Birmingham
Media Eyes above New Street Station, Birmingham; and digital
out-of-home (DOOH) assets across the 10 of the top key cities and
retail centres in the UK including Birmingham, Manchester,
Liverpool, Glasgow and Edinburgh. Ocean's portfolio of high profile
landlords and partners includes Birmingham and Manchester City
Councils, Landsec, the BFI and intu.
On 28 March 2018, Ocelot Partners Limited was renamed Ocean
Outdoor Limited and acquired all of the issued share capital of SCP
Acquisition Topco Limited. On 2 June 2018, Forrest Media (Holdings)
Limited ("Forrest"), a leading provider of large format outdoor
media solutions in Scotland, was acquired by the Group. The
transaction was funded through the Group's existing cash resources
and is accretive to earnings.
A Company presentation will shortly be made available on Ocean's
website: http://investors.oceanoutdoor.com along with the
publication of a prospectus in due course.
Barclays and Numis, Ocean Outdoor's Corporate Brokers, are
acting on behalf of Ocean Outdoor with respect to the
re-listing.
For further information please contact:
Ocean Outdoor 020 7292 6161
Tim Bleakley, CEO
Susann Jerry, Head of Communications
Barclays Bank PLC (Joint Corporate Broker)
020 3134 9801
Nicola Tennent, Stuart Jempson
Numis (Joint Corporate Broker)
020 7260 1000
Nick Westlake, Matt Lewis, Michael Wharton
Yellow Jersey PR
07747 788 221
Charles Goodwin, Georgia Colkin, Joe Burgess
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END
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