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BRIEF-Ooh!Media Says Submitted Revised Offer To HT&E In Relation To Adshel

Published 21/05/2018, 10:43 am
© Reuters.  BRIEF-Ooh!Media Says Submitted Revised Offer To HT&E In Relation To Adshel

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

* 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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