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Ocean Outdoor Ltd (OOUT)

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Wednesday 15 May, 2019

Ocean Outdoor Ltd

Transaction in Own Shares

RNS Number : 1780Z
Ocean Outdoor Limited
15 May 2019
 

 

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 15 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

 

15 May 2019

Number of shares repurchased

 

41,684

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 53,611,764 (excluding Treasury shares), and the company will hold 309,080 shares in Treasury.

The figure of 53,611,764 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

757

7.95

2019/05/15 08:07:03

London Stock Exchange

40,927

7.95

2019/05/15 08:12:58

Off-exchange

 

For further information please contact:

 

Ocean Outdoor

020 7292 6161

Tim Bleakley, CEO

Stephen Joseph, CFO

 

 

 

Yellow Jersey PR

07747 788 221

Charles Goodwin, Georgia Colkin, Joe Burgess

 

 

 


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