oOh! - Scheme Implementation Agreement with I Squared

• oOh!media enters into binding Scheme Implementation Agreement with I Squared Capital
• BidCo to acquire 100% of oOh! shares for $1.70 cash per share
• Scheme Consideration represents a 21.4% increase from initial proposal and 6.9% premium to last closing price

oOh!media Limited (ASX:OML) has entered into a binding Scheme Implementation Agreement with OOH BidCo Pty. Ltd., an entity owned and controlled by funds managed and/or advised by I Squared Capital. Under the agreement, BidCo will acquire 100% of oOh! shares for a total consideration of $1.70 cash per share, comprising $1.68 cash per share by way of a scheme of arrangement and an interim fully franked dividend of 2.00 cents cash per share. The total consideration implies an equity value for oOh! of approximately $898 million and an enterprise value of $1.04 billion. The oOh! Board unanimously recommends shareholders vote in favor of the Scheme, subject to certain conditions and approvals.

Total consideration of $1.70 cash per share for oOh! shares, implying an equity value of approximately $898 million.

The agreement with I Squared Capital is expected to enhance the value proposition for oOh! shareholders, pending shareholder and regulatory approvals.