24. May 2011 14:09
The Takeovers Panel has accepted an undertaking from QMS Asia Pacific Outdoor Pte Ltd in relation to the application dated 4 May 2011 by oOh!media Group Limited (OOH).
The effect of the undertaking is that QMS will not vote more than 4.9% of the OOH shares in which it holds a relevant interest at the annual general meeting of OOH that is to be held on 20 May 2011.
The sitting Panel in this matter is Paula Dwyer (sitting President), David Friedlander and Mike Roche. The Panel makes no comment on the merits of the application.
A copy of the undertaking is available on the Takeovers Panel website.