Report on Ooh! Media Limited's Annual General Meeting (BAC302)

This report analyzes the Annual General Meeting of Ooh! Media Limited (ASX: OML), a leading media company. The analysis covers the resolutions passed by shareholders, the company's performance in 2018, and its strategic initiatives, including the acquisition of Adshel (now Commute) and expansion into new segments. The report also examines the company's financial results, including revenue and NPATA growth, dividend declarations, and stock performance. The analysis references the Corporations Act 2001 (Cth) and provides insights into the company's future strategies, such as digitizing the Commute network and maintaining market share. The report also includes stock performance data, including the stock price, market capitalization, and returns over different periods. The report is a student assignment submitted for the Corporations Law course (BAC302) and provides a comprehensive overview of the AGM and the company's performance.

Running head: GENERAL MEETING 1
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Running head: GENERAL MEETING 2
RE: OOH! MEDIA LIMITED (ASX: OML) - General Meeting- Student Name (Student
ID)
Introduction
Ooh! Media Limited’s Shareholders Approved All Resolutions at Annual General
Meeting. ASX: OML, which is regarded as the leading media company, held its Annual
General Meeting on 16/05/2019.
Analysis
The Annual General Meeting is held in compliance with the Corporations Act 2001
(Cth) which provides under s 249J. (1) That a written notice of a meeting of a company’s
members must be given to all individual members having the right to vote and to every
director and 3 (d) by any other means (if any) that is permitted by the company’s constitution.
The 7 resolutions voted for during the AGM by the various shareholders were all passed by
the shareholders and the AGM results released and included in the Company Reports.
The chairman of the company, one Mr. Tony Faure addressed the shareholders at the
meeting, informing them of the progress the company had made in the year of 2018. He saw
2018 as a transformational year for the company as the year saw the company’s
implementation of strategy in the building of diversification in order to connect advertisers,
audiences and citizens as well.
Following its acquisition of Adshel which was rebranded as Commute, the company
has now taken a further step of entering the highly complementary segments of the rail and
furniture in the street. This serves to improve and diversify further the company’s network
reach as well as frequency in strategic metropolitan and also regional sites and areas. This

Running head: GENERAL MEETING 3
acquisition has placed ASX as the largest company in the Out Of Home setting both in New
Zealand and Australia and even beyond. On top of this, it is consistent with the digital
strategy of the company. The company intends to utilise significant opportunities in order to
make the Commute network digitised in order to push for improvements in both the yield as
well as the revenue.
The company made a delivery in the growth of revenue in the year 2018 while at the
same time maintaining the ongoing investment it was making in products, infrastructure and
people for the growth of future earnings. During this period, the total revenue of the company
rose to $482.6 which represents a 27% revenue increase. This reflected organic growth within
and across the business of the company. There was a revenue contribution for three months
that was generated from the Commute venture.
In the course of the year the underlying NPATA of the company increased to $51.1
million which represented an increase of 18% and reflected organic growth and profit
contribution of three months generated from the business of Commute, offset partially by the
continued investment by the company in its systems and people as part of its strategy in
delivering growth that is sustainable for the future.
The board of directors of the company has made a declaration of a final dividend of
7.5 cents per share is fully franked. This brought the dividend of the full year to 11.0 cents
per share that is fully franked. This was in consistence with the policy of the board to pay
between 40 to 60 per cent of NPATA that was underlying as dividends. There is the
expectation that the Out Of Home sector of the company will continue gaining market share
across formats of the media. The company will have to maintain its focus of the integration of
Commute and the rolling out of its platform for data analytics.

Running head: GENERAL MEETING 4
The following is a brief analysis of the stock performance of the company as well as
they returns the company has posted in the few months that have passed. As on the 16th of
May 2019, the price of the stock is at $3.740. This reflects an increase by 5.056% in the
course of the trade of the day with |$851.98 as the market capitalisation. The counter started
with $3.580 and reached the peak of the day which is $3.750. It touched a day’s low of
$3.580 and the daily volume being |931,730. The stock has made available a return of year till
date of 4.71%. It has also recorded returns of -20.36%, -8.48% and -8.01% over the last 6
months, three months and one month respectively. The company had a 52- week high price
which was valued at $5.480. The witnessed a low of $3.350 within the 52-week period. The
average volume was |1,543,645.
Reference
Corporations Act 2001 (Cth).
Sawhney, K. (2019). oOh! Media Limited’s shareholders approved all resolutions at Annual
General Meeting. Kalkine Media. Retrieved from https://www.kalkinemedia.com.