oOh!media Limited (ASX:OML), the out-of-home Advertising company, has announced that the Scheme Booklet for its proposed Acquisition by funds managed by I Squared Capital has been registered with the Australian Securities and Investments Commission (ASIC). Registration is a key procedural step before shareholders receive the booklet and vote on the deal. Investors in the communications and media sector may be watching the timetable closely, because the booklet is expected to set out the independent expert's report, the board's recommendation and the voting arrangements.

What did oOh!media announce?

oOh!media told the ASX that its Scheme Booklet has been registered with ASIC. The scheme is a proposed acquisition of the company by OOH BidCo Pty Ltd, an entity controlled by funds managed by I Squared Capital and its affiliates.

the key terms and timetable are as follows.

- Scheme consideration of $1.68 per oOh!media share in cash.

- The Supreme Court of New South Wales ordered the scheme meeting to be convened on 28 September 2026.

- Independent expert Grant Samuel & Associates concluded the scheme is in the best interests of shareholders, in the absence of a superior proposal. Its valuation range was reported as $1.59 to $1.78 per share.

- The scheme meeting is scheduled for Monday, 2 November 2026 at Level 2, 73 Miller Street, North Sydney, with in-person and virtual attendance.

- The Scheme Booklet is due to be dispatched by 5 October 2026.

- Proxy appointments close at 11:00am (Sydney time) on 31 October 2026.

- Implementation is reported for 26 November 2026, if the scheme proceeds.

The board, excluding one director, has recommended that shareholders vote in favour, subject to no superior proposal emerging and the independent expert maintaining its conclusion.

Why could this announcement matter?

For shareholders, registration moves the transaction from negotiation towards a decision. Once the booklet is dispatched, holders will have the full documentation needed to decide how to vote.

The deal followed a competitive process and was first announced on 10 August 2026 as a proposal valued at $1.70 per share including a 2 cent interim dividend. The scheme implementation agreement was later amended, after consultation with ASIC, to refine the definition of a "Superior Proposal". Reporting at the time said a competing offer would need to be at least 3% above $1.68 per share for parties that had signed confidentiality agreements within a defined window.

Regulatory progress is also relevant. Reporting on 25 September 2026 said the Australian Competition and Consumer Commission had determined the acquisition may proceed. That report listed Foreign Investment Review Board approval and New Zealand Overseas Investment Office approval as remaining conditions at that time.

What should investors watch next?

Investors may be watching several milestones:

- Dispatch of the Scheme Booklet, due by 5 October 2026.

- Any change to the independent expert's conclusion or the board's recommendation.

- The emergence of any competing proposal.

- Confirmation of remaining regulatory approvals.

- The scheme meeting on 2 November 2026, including the required voting majorities.

- The second court hearing, reported for 4 November 2026.