Update on JCDecaux's proposed acquisition of APN Outdoor in Australia

Paris, October 15th, 2018 - JCDecaux SA (Euronext Paris: DEC), the number one outdoor advertising company worldwide, announces that at the shareholders meeting held on October 15th, 2018, APN Outdoor Group Limited (APN Outdoor) shareholders approved by the requisite majorities the scheme of arrangement under which JCDecaux SA will acquire 100% of the issued share capital of APN Outdoor (the Scheme).

The resolution to approve the Scheme (Scheme Resolution), as set out in the Notice of Meeting that was despatched to APN Outdoor shareholders together with the Scheme Booklet on September 13th, 2018, was approved by the requisite majorities of APN Outdoor shareholders.

In summary:

  • 95.5% of APN Outdoor shareholders present at the meeting (in person or by proxy) voted in favour of the Scheme Resolution; and
  • 99.93% of the votes cast were in favour of the Scheme Resolution.

The Scheme remains subject to approval by the Federal Court of Australia (NSW) (the Court) in order to be implemented. APN Outdoor has applied to the Court for approval of the Scheme at a hearing scheduled for October 18th, 2018.
If the Court approves the Scheme, APN Outdoor proposes to lodge the order of the Court with the Australian Securities and Investments Commission on October 18th, 2018 at which time the Scheme will become legally effective pursuant to section 411(1) of the Corporations Act 2001 (Cth) (Effective).

Subject to the Scheme becoming Effective as noted above:

  • APN Outdoor shares will cease trading on the Australian Securities Exchange (ASX) from the close of trading on October 18th, 2018;
  • the Scheme record date will be 7.00pm (Sydney time) on October 25th, 2018; and
  • the Scheme is expected to be implemented on October 31st, 2018.

Key Figures for JCDecaux

  • 2017 revenue: €3,493m*, H1 2018 revenue: €1,643m
  • JCDecaux is listed on the Eurolist of Euronext Paris and is part of the Euronext 100 and Euronext Family Business indexes
  • JCDecaux is part of the FTSE4Good index
  • N°1 worldwide in street furniture (543,050 advertising panels)
  • N°1 worldwide in transport advertising with more than 215 airports and 250 contracts in metros, buses, trains and tramways (356,320 advertising panels)
  • N°1 in Europe for billboards (141,630 advertising panels)
  • N°1 in outdoor advertising in Europe (672,220 advertising panels)
  • N°1 in outdoor advertising in Asia-Pacific (216,290 advertising panels)
  • N°1 in outdoor advertising in Latin America (77,190 advertising panels)
  • N°1 in outdoor advertising in Africa (26,770 advertising panels)
  • N°1 in outdoor advertising in the Middle-East (18,650 advertising panels)
  • Leader in self-service bike rental scheme: pioneer in eco-friendly mobility
  • 1,074,113 advertising panels in more than 80 countries
  • Present in 4,033 cities with more than 10,000 inhabitants
  • 13,040 employees

* Restated from the retrospective application of IFRS 15, applicable from January 1st, 2018

Communications Department: Agathe Albertini
+33 (0) 1 30 79 34 99 - agathe.albertini@jcdecaux.com
Investor Relations: Arnaud Courtial
+33 (0) 1 30 79 79 93 - arnaud.courtial@jcdecaux.com

Domestique Consulting: Lauren Thompson
+61 2-9119-3078 - lauren@domestiqueconsulting.com.au

20181015- APN Outdoor - Scheme meeting result - UK



This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: JCDecaux via Globenewswire

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