Clear Channel Outdoor (CCO) Proxy Filing summary

Executive summary

• Agreement reached for acquisition by Mubadala Capital and TWG Global, transitioning to a private company with delisting from NYSE after closing.

• Transaction expected to close by end of Q3 2026, subject to customary closing conditions.

• Anticipated benefits include enhanced financial flexibility, ongoing deleveraging, and increased investment capacity for growth.

• Forward-looking statements highlight potential risks, including deal completion uncertainties, regulatory approvals, and possible adverse effects on operations and personnel.

Voting matters and shareholder proposals

• Shareholder approval required for the merger; a meeting will be announced to seek this approval.

• Shareholders urged to review the definitive proxy statement and related materials before voting.

Board of directors and corporate governance

• Directors, executive officers, and certain employees may participate in proxy solicitation for the proposed transaction.

• Information on board composition and executive compensation referenced from the 2025 Annual Meeting Proxy Statement.