5 Nov 2021 07:00
5 November 2021
Ocean Outdoor Limited
("Ocean" or the "Company")
Appointment of auditor
Ocean Outdoor Limited (LSE: OOUT), a leading operator of premium Digital Out-of-Home advertising in the United Kingdom, the Netherlands, the Nordics and Germany announces, following a competitive audit tender process, it has appointed Grant Thornton UK LLP ("Grant Thornton") as the Company's statutory auditor.
Accordingly, BDO LLP ("BDO") has resigned from its role as statutory auditor effective 22 October 2021.
As required by section 519 of the Companies Act 2006, BDO deposited a statement with the Company that confirms there are no circumstances in connection with its resignation as auditor that should be brought to the attention of members or creditors of the Company.
The appointment of Grant Thornton as statutory auditor for the following financial year will be subject to approval by shareholders at the next Annual General Meeting of the Company.
For further information please contact:
Ocean Outdoor 020 7292 6161
Tim Bleakley, CEO
Susann Jerry, Head of Communications
Yellow Jersey PR 07747 788 221
Charles Goodwin, Annabel Atkins
oceanoutdoor@yellowjerseypr.com
About Ocean Outdoor
Ocean Outdoor is a leading operator of digital out-of-home (DOOH) advertising across the UK, Northern and Continental Europe. The Group's network of 8,000+ digital screens covers seven countries and 384 cities with its technological capabilities delivering the most impactful and measurable DOOH brand and advertising experiences.
Ocean's portfolio comprises of some of the most iconic locations, such as the Piccadilly Lights and the BFI IMAX, whilst it also works closely with high-profile landlords, including Landsec, Unibail-Rodamco-Westfield (URW), the BFI, Nuveen and the Canary Wharf Group, as well as major city councils on the development of its network.
To date the Group's growth has been driven by tender wins and the rollout of new locations, as well acquisitions that complement the existing portfolio. Since 2018, Ocean has completed seven acquisitions which have enabled it to expand its UK footprint and move into the Netherlands, the Nordics and Germany.