oOh!media changes secretary with AUD 1.68 target for oOh!media stock

Published on 10/01/2026 at 21:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The company secretary role changed on September 30, 2026. For oOh!media stock, AUD 1.70 values equity at AUD 898.0 million.

oOh!media, AU000000OML6, Illustration mit AI erstellt.

oOh!media (AU000000OML6) changed its company secretary on September 30, 2026, while the latest published analyst view cited a Hold rating and an AUD 1.68 target for oOh!media stock, according to The Globe and Mail. Chris Roberts will continue as the sole Company Secretary, and Nicole Graham of MUFG Corporate Governance Pty Ltd was appointed as the primary contact for ASX communications.

Takeover clears competition hurdle

On September 24, 2026, Australia's competition regulator cleared I Squared Capital's proposed acquisition of oOh!media, according to Financial Standard. The offer provides up to AUD 1.70 in cash for each share and implies an equity value of AUD 898.0 million. The board continues to recommend the transaction, subject to the scheme conditions.

The clearance removes a competition condition, but the transaction still requires approval from the Australian Foreign Investment Review Board, New Zealand's Overseas Investment Office and shareholders. The commercial comparison is clear: the AUD 1.70 offer sits AUD 0.04 above the latest cited AUD 1.66 ASX price, leaving a defined spread before completion conditions are satisfied.

Scheme timetable sets next test

oOh!media expects to distribute the scheme booklet in early October 2026, with shareholders expected to vote in early November 2026, according to Capital Brief. That sequence places the booklet, the independent expert's conclusion and the shareholder vote between the competition clearance and any implementation.

The company operates out-of-home advertising assets across Australia and New Zealand, including roadside, retail, airport, rail, street furniture, office and university locations, according to the oOh!media investor centre. Its operating footprint gives the takeover a physical asset base, while the scheme process now determines whether that platform leaves public ownership.

ASX price stays near yearly high

On October 1, 2026, oOh!media was last at AUD 1.66 on the ASX, with a market capitalization of AUD 876.8 million. The 52-week range was AUD 0.84 to AUD 1.67, placing the price 0.60 percent below the yearly high and AUD 0.04 below the proposed cash consideration.