Ocean Outdoor Ltd

Offer document AdCityMedia published

RNS Number : 1338U
Ocean Outdoor Limited
21 November 2019

The Offer is not being made, and this press release may not be distributed, directly or indirectly in or into, nor will any tender of shares be accepted from or on behalf of holders in Australia, Canada, Hong Kong, Japan, New Zealand, South Africa, Switzerland or the United States, or any other jurisdiction in which the making of the Offer, the distribution of this press release or the acceptance of any tender of shares would contravene applicable laws or regulations or require further offer documents, filings or other measures in addition to those required under Swedish law.

Press release 21 November 2019


Offer document related to Ocean Outdoor's recommended cash offer to the shareholders of AdCityMedia has been published


On 19 November 2019, Ocean Outdoor Limited ("Ocean Outdoor"), through its indirectly wholly-owned subsidiary Ocean Bidco Limited ("Ocean Bidco"), announced a recommended public offer ("Offer") to the shareholders of AdCityMedia AB (publ) ("AdCityMedia") to tender all their shares in AdCityMedia to Ocean Bidco at a price of SEK 165 in cash per share. The offer document related to the Offer has today been published by Ocean Bidco.


The offer document and acceptance form are available at Ocean Outdoor's website (www.oceanoutdoor.com) and Carnegie's website (www.carnegie.se). The offer document and pre-printed acceptance form are distributed to all directly registered shareholders of AdCityMedia as per 21 November 2019, except for those who are resident in excluded countries (see above).


The acceptance period for the Offer commences on 25 November 2019 and ends on 16 December 2019. Settlement is expected to be initiated around 20 December 2019.


Ocean Bidco reserves the right to extend the acceptance period and to bring forward or postpone the settlement date. Ocean Bidco will announce any extension of the acceptance period for the Offer and/or postponement of the settlement date regarding the Offer in accordance with applicable laws and regulations.


Ocean Bidco discloses the information provided herein pursuant to the Swedish Corporate Governance Board's Takeover Rules for certain trading platforms. The information in this press release was submitted for publication at 08:30 am CET on 21 November 2019 at www.oceanoutdoor.com.


For additional information regarding the Offer, please contact:


Tim Bleakley, CEO, Ocean Outdoor Limited

Phone: +44 207 292 6161

E-mail: [email protected]


Stephen Joseph, COO & CFO, Ocean Outdoor Limited

Phone: +44 207 292 6161

E-mail: [email protected]


Matt Feldman, LionTree LLC

Phone: +44 207 082 1585
[email protected]




Important information

Forward-looking information

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