Cathy O’Connor’s stake in oOh! Media just got a boost

By AdNews | 7 June 2024
Cathy O'Connor

Cathy O’Connor’s holding in the company she runs, oOh! Media, the biggest local outdoor media player, has been fertilised with more performance rights.

The 504,340 shares, issued under an equity incentive plan, would be worth $576,208 at yesterday’s closing price of $1.425.

According to a filing to the ASX, O’Connor’s holdings now consist of:

Direct – 1,466,470 performance rights

Direct – 260,164 fully paid ordinary shares 

Direct – 53,625 DSTI restricted shares 

Indirect – 54,422 fully paid ordinary shares 

These would be worth $2.6 million on the latest share price. 

The CEO was paid $2.1 million in 2023. According to the company's annual report, using the statutory salary calculation, O'Connor's salary was slightly higher than the year before at $2.05 million.

Her base salary was $1,302,655, short term incentive cash $194,889 and long term $517,378.

O’Connor moved to oOh!media in 2021 after 12 years as CEO at Nova Entertainment.

Outdoor media sector leader oOh!media has reported a slow start to 2024 in a short market.

In a trading update released last month, the company said overall revenue in the March quarter grew 1%, within expectations, with the first quarter usually the smallest revenue lift of the year.

oOh!media lifted revenue 7% to $633.9 million in the year to December, buoyed by a vigorous outdoor media market in Australia. Profit was up almost 10% to $34.6 million. 

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