Ocean Outdoor preparing for re-listing on London Stock Exchange

Digital out-of-home advertising operator Ocean Outdoor announced on Monday that it was on track to re-admit to trading on the London Stock Exchange by the end of the year.

The company said it operates some of the UK's “most prestigious” digital outdoor locations, including the BFI London IMAX; Holland Park roundabout, which formed part of its exclusive external rights to London’s two Westfield shopping centres; the Birmingham Media Eyes above New Street Station in Birmingham; and digital out-of-home assets across the 10 key cities and retail centres in the UK including Birmingham, Manchester, Liverpool, Glasgow and Edinburgh.

It said its portfolio of high-profile landlords and partners included Birmingham and Manchester city councils, Landsec, the BFI and Intu.

“On 28 March, Ocelot Partners was renamed Ocean Outdoor and acquired all of the issued share capital of SCP Acquisition Topco,” the Ocean Outdoor board explained in its statement.

“On 2 June, Forrest Media Holdings, a leading provider of large format outdoor media solutions in Scotland, was acquired by the group.

“The transaction was funded through the group's existing cash resources and is accretive to earnings.”