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Oohmedia Limited (ASX:OML)

ALERT: Price-sensitive ASX Announcement for OML
Current share price for OML : $1.655 0.065 (4.09%)+
Announcement
Release
10 Aug 2026 9:33AM
Price at Release
$1.590
Full Release
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Summary
oOh!media Limited has entered into a binding Scheme Implementation Agreement with OOH BidCo Pty. Ltd., managed by I Squared Capital. Under this agreement, BidCo will acquire 100% of oOh!media's shares at $1.70 per share, implying an equity value of $898 million. This acquisition is structured as a scheme of arrangement, with oOh!media's board unanimously recommending the scheme to its shareholders. The scheme is contingent upon regulatory approvals and shareholder votes, and includes provisions like no-shop and no-talk clauses. The transaction is expected to conclude by late 2026, with a potential special dividend to be declared. oOh!media has appointed UBS Securities Australia and Mallesons as advisers for this transaction.
Key Points
  • oOh!media Limited entered into a Scheme Implementation Agreement with OOH BidCo Pty. Ltd.
  • BidCo will acquire 100% of oOh! shares at $1.70 cash per share.
  • The total equity value of the deal is approximately $898 million.
  • The oOh! Board unanimously recommends the scheme.
  • The agreement includes no-shop, no-talk, and no-due diligence obligations.
  • The Scheme is subject to regulatory approvals and shareholder votes.
  • A special fully franked dividend may be declared by oOh! Board.
  • The Scheme is not subject to financing or due diligence conditions.
  • The Scheme Meeting is expected to be held in late-October 2026.
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.