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Ocean Outdoor Ltd (OOUT)

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Monday 19 November, 2018

Ocean Outdoor Ltd

Update on Re-admission to trading on the LSE

RNS Number : 6731H
Ocean Outdoor Limited
19 November 2018
 


Ocean Outdoor Limited

 

("Ocean", "Ocean Outdoor" or the "Company" and, together with its subsidiaries, the "Group")

 

Update on Re-admission to trading on the London Stock Exchange

 

London, United Kingdom, 19 November 2018

 

Ocean Outdoor Limited (LSE: OOUT), a leading operator of premium Digital Out-of-Home advertising in the UK, is pleased to announce it is on track to re-admit to trading on the London Stock Exchange by the end of the year.

 

Ocean Outdoor operates some of the UK's most prestigious digital outdoor locations, including the BFI London IMAX; Holland Park Roundabout, which forms part of the Company's exclusive external rights to two of the largest premium urban shopping malls in Europe, Westfield London and Westfield Stratford; The Birmingham Media Eyes above New Street Station, Birmingham; and digital out-of-home (DOOH) assets across the 10 of the top key cities and retail centres in the UK including Birmingham, Manchester, Liverpool, Glasgow and Edinburgh.  Ocean's portfolio of high profile landlords and partners includes Birmingham and Manchester City Councils, Landsec, the BFI and intu. 

 

On 28 March 2018, Ocelot Partners Limited was renamed Ocean Outdoor Limited and acquired all of the issued share capital of SCP Acquisition Topco Limited. On 2 June 2018, Forrest Media (Holdings) Limited ("Forrest"), a leading provider of large format outdoor media solutions in Scotland, was acquired by the Group. The transaction was funded through the Group's existing cash resources and is accretive to earnings.

 

A Company presentation will shortly be made available on Ocean's website: http://investors.oceanoutdoor.com along with the publication of a prospectus in due course.

 

Barclays and Numis, Ocean Outdoor's Corporate Brokers, are acting on behalf of Ocean Outdoor with respect to the re-listing.

 

 

 

For further information please contact:

 

Ocean Outdoor                                                                                                                                 020 7292 6161

Tim Bleakley, CEO

Susann Jerry, Head of Communications

 

Barclays Bank PLC (Joint Corporate Broker)                                                                                020 3134 9801

Nicola Tennent, Stuart Jempson

 

Numis (Joint Corporate Broker)                                                                                                      020 7260 1000

Nick Westlake, Matt Lewis, Michael Wharton

 

Yellow Jersey PR                                                                                                                                  07747 788 221

Charles Goodwin, Georgia Colkin, Joe Burgess

 


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