22 May 2019 11:18
Ocean Outdoor Limited
Transaction in own shares
Ocean Outdoor Limited (LSE: OOUT), ("Ocean Outdoor", "Ocean", or "the Company") a leading operator of premium Digital Out-of-Home ("DOOH") advertising in the United Kingdom, announces that on 22 May 2019 it purchased for Treasury the following number of its ordinary shares ("Shares") pursuant to its US$25 million share buyback programme, details of which were announced on 21 March 2019:
Date of transaction
| 22 May 2019 |
Number of shares repurchased
| 43,247 |
Highest price paid per share
| $7.95 |
Lowest price paid per share
| $7.95
|
Average price paid per share
| $7.95 |
Broker | Barclays |
Following the purchase of these Shares, the remaining number of ordinary shares in issue will be 53,524,114 (excluding Treasury shares), and the company will hold 396,730 shares in Treasury.
The figure of 53,524,114 may be used by shareholders (and others with notification obligations) as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), detailed information about the individual purchases is available below:
Individual transactions:
Number of shares purchased | Transaction price (USD per share) | Time of transaction | Trading venue |
41,932 | 7.95 | 2019/05/22 08:22:59 | Off-exchange |
1,315 | 7.95 | 2019/05/22 08:26:56 | London Stock Exchange |
For further information please contact:
Ocean Outdoor | 020 7292 6161 |
Tim Bleakley, CEO Stephen Joseph, CFO |
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Yellow Jersey PR | 07747 788 221 |
Charles Goodwin, Georgia Colkin, Joe Burgess |
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OOUT.L (OOUT)