JCDecaux: Update on JCDecaux's proposed acquisition of APN Outdoor in Australia
15 Octobre 2018 - 07:30AM
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:
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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