Lamar issues 1.19M common units to acquire Verde Outdoor assets with 1,500+ billboards

LAMAR ADVERTISING CO/NEW

Issued 1,187,500 Common Units to Verde Outdoor owners as consideration for asset acquisition.
Acquired assets include over 1,500 billboard faces across ten states.
Common Units are redeemable after ~12 months for cash or, at Lamar's option, Class A common stock.
Issuance exempt from registration under Section 4(a)(2) and Rule 506(b) of Regulation D.
Each recipient represented as an accredited investor.

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