oOh media Ltd (AU:OML) has released an update.
oOh!media Limited has seen a significant change in its substantial holder structure, with Kayne Anderson Rudnick Investment Management, LLC, and associates increasing their voting power from 5.28% to 6.87%. The change, which occurred on May 8, 2024, involved an acquisition of 37,032,301 ordinary shares, a considerable rise from the previously held 28,434,675 shares. This adjustment reflects a notable shift in the company’s shareholder composition and potentially signals a new strategic direction.
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