The 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) (see TP11/32).
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 Friday, 20 May 2011.
A copy of the undertaking is attached (Annexure A).
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.
Director, Takeovers Panel
Level 10, 63 Exhibition Street
Melbourne VIC 3000
Ph: +61 3 9655 3597
Australian Securities and
Investments Commission Act (Cth) Section 201A
oOh!media Group Limited
Pursuant to section 201A of the Australian Securities and Investments Commission Act 2001 (Cth), QMS Asia Pacific Outdoor Pte Ltd undertakes to the Panel that it will in relation to oOh!media Group Ltd (OOH) shares not vote more than that number of shares equal to 4.9% of the issued capital of OOH in which it has a relevant interest at the OOH Annual General Meeting to be held on 20 May 2011.
Signed by Hedi Smirani
with the authority, and on behalf, of QMS Asia Pacific Outdoor Pte Ltd
Dated 19 May 2011