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Oohmedia Limited (ASX:OML)

ALERT: Price-sensitive ASX Announcement for OML
Current share price for OML : $1.550 0.075 (5.08%)+
Announcement
Release
13 Jul 2026 8:39AM
Price at Release
$1.475
Full Release
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Summary
On 13 July 2026, oOh!media Limited (ASX: OML) provided an update on the change of control proposals. The company disclosed that it had given due diligence access to three parties—Pacific Equity Partners, I Squared Capital, and Oaktree Capital Management—after receiving separate conditional, non-binding indicative offers (NBIOs) for a control change. These offers, reconfirmed on 10 July 2026, propose a share price between $1.60 and $1.65. oOh!media's Board, in consultation with its advisers, plans to engage further with these parties to complete confirmatory diligence and negotiate binding transaction documentation within four weeks. No assurances were made that these proposals would culminate in a binding offer or transaction. Shareholders are advised to take no action until further notice. This announcement was authorized for release by the Board.
Key Points
  • Update on change of control proposals by oOh!media Limited
  • Due diligence access given to three parties after NBIOs receipt
  • Offers propose share price between $1.60 and $1.65
  • Board to continue engagement for four weeks to finalize agreements
  • No certainty of binding offer or transaction
  • Shareholders recommended to take no action currently
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.