Information in regards to corporate action affecting ordinary shares of OUTFRONT Media Inc. (OUT)
On November 12, 2024, OUTFRONT Media Inc. announced that its Board of Directors approved a special dividend payable on December 31, 2024 to shareholders of record at the close of business on November 15, 2024. OUTFRONT Media Inc. shareholders will have the option to elect to receive $0.75 per share in cash or in shares of Common Stock. Board of Directors of OUTFRONT Media Inc. also approved a reverse stock split to be effective in January 2025. For more details, please, refer to the company’s website.
ITS Ltd. will publish separate notices on the procedures undertaken by ITS Ltd. to process this corporate action outlining how trading in these qualified investments will be carried out.