19 Nov 2018 07:00
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