Media company oOh!Media
(ASX:OML) has released a statement about media reports suggesting Brisbane City Council has announced a ten year street furniture contact with Adshel, the street furniture and transport Out of Home company oOh!media acquired recently .
The company announced in June that Adshel was at that time tendering to renew the Brisbane City Council contract, having submitted a proposal in mid-June this year as part of a competitive tender process.
Binding documentation has not yet been executed by the parties, oOh!Media has been informed that the Brisbane City Council voted to approve the contract with Adshel yesterday.
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(ASX:OML) are trading 4.92 per cent higher to $4.38.
