OML ooh!media limited
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News: OML Ooh!Media Says Submitted Revised Offer To HT&E In Relation To Adshel

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    21/05/18
    10:45
    Post #: 33227674

    May 21 (Reuters) - Ooh!Media Ltd (OML) :

    • RESPONDS TO MEDIA SPECULATION
    • CONFIRMS THAT ON 30 APRIL 2018 IT SUBMITTED A REVISED CONFIDENTIAL, NON-BINDING INDICATIVE CASH OFFER TO HT&E IN RELATION TO ADSHEL
    • IMPROVED INDICATIVE OFFER VALUED ADSHEL AT A$470 MILLION
    • THERE IS NO CERTAINTY THAT IMPROVED INDICATIVE OFFER WILL RESULT IN A TRANSACTION
    • OOH!MEDIA - REMAINS READY TO PROCEED WITH PERIOD OF EXCLUSIVITY FOR DUE DILIGENCE WHICH MAY PERMIT CO TO SUBMIT BINDING OFFER FOR ADSHEL
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