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

JCDecaux SA (Euronext Paris: DEC), the number one outdoor advertising company worldwide, informs that the Australian Foreign Investment Review Board (FIRB) has provided written notice that the Commonwealth of Australia has no objection to JCDecaux’s acquisition of APN Outdoor Group Limited (APN Outdoor), by way of a scheme of arrangement (the Scheme).
 
The implementation of the Scheme remains subject to a number of conditions, including approval of APN Outdoor shareholders at the Scheme Meeting proposed to be held on October 15th, 2018, court approval, the New Zealand Overseas Investment Office approval, and the satisfaction or, where capable, waiver of certain other customary conditions as outlined in the Scheme Implementation Agreement lodged with the Australian Securities Exchange on June 26th, 2018.