oOh!media (ASX:OML) has become aware that HT&E has acquired at least 11 million oOh!media shares as at the latest share register obtained by the Company for 6 April 2020, representing at least 1.8 per cent of the Company’s issued capital.
They say they have not had any correspondence with HT&E in relation to its shareholding and regards the purchase as totally opportunistic.
The board believes the company remains significantly undervalued based on current trading prices.
oOh!media is the leader in the Out of Home sector in Australia/New Zealand.
Shares in oOh!media (ASX:OML) are trading 16.5 per cent higher at 74 cents.