EX-99.1 2 d590947dex991.htm EX-99.1 EX-99.1

EXHIBIT 99.1

JOINT FILING AGREEMENT

This Joint Filing Agreement, dated as of October 24, 2023, is by and among Verde Investments, Inc., Ernest C. Garcia II and Arturo R. Moreno (the foregoing are collectively referred to herein as the “Filers”).

Each of the Filers may be required to file with the United States Securities and Exchange Commission a statement on Schedule 13G and/or 13D with respect to shares of common stock, $0.01 par value per share, of OUTFRONT Media Inc. beneficially owned by them from time to time.

Pursuant to and in accordance with Rule 13(d)(1)(k) promulgated under the Securities Exchange Act of 1934, as amended, the Filers hereby agree to file a single statement on Schedule 13G and/or 13D (and any amendments thereto) on behalf of each of such parties, and hereby further agree to file this Joint Filing Agreement as an exhibit to such statement, as required by such rule.

This Joint Filing Agreement may be terminated by any of the Filers upon one week’s prior written notice or such lesser period of notice as the Filers may mutually agree.

Executed and delivered as of the date first above written.


IN WITNESS WHEREOF, each of the undersigned executed this Joint Filing Agreement effective as of the date first written above.

 

VERDE INVESTMENTS, INC.
By:  

/s/ Ernest C. Garcia II

Name:   Ernest C. Garcia II
Title:   President and Chief Executive Officer
ERNEST C. GARCIA II
By:  

/s/ Ernest C. Garcia II

Name:   Ernest C. Garcia II
ARTURO R. MORENO
By:  

/s/ Arturo R. Moreno

Name:   Arturo R. Moreno


ANNEX A

EXECUTIVE OFFICERS, MANAGERS AND/OR DIRECTORS

Executive Officers and Directors of Verde Investments, Inc.

 

Name and Position

  

Principal Occupation

  

Principal Business Address

  

Citizenship

Ernest C. Garcia II, Chief Executive Officer and Director(1)         
Steven P. Johnson, Secretary    Secretary of Verde Investments, Inc.   

c/o Verde Investments, Inc.

100 Crescent Court, Suite 1100

Dallas, Texas 75201

   United States of America
Nancy V. Young, Treasurer    Treasurer of Verde Investments, Inc.   

c/o Verde Investments, Inc.

100 Crescent Court, Suite 1100

Dallas, Texas 75201

   United States of America

 

(1)

Mr. Garcia is a Reporting Person and, as such, the information with respect to him called for by the Schedule 13D is set forth therein.


ANNEX B

TRANSACTIONS IN THE SHARES OF THE ISSUER DURING THE PAST SIXTY DAYS

Arturo R. Moreno

 

Nature of Transaction

   Transaction Date      Number of Shares      Total Purchase Amount
($)
    Price Per Share
($)
    Price Per Share
Range
 

Transfer of Common Stock from Affiliate

     10/20/2023        1,200,000      $ 14,942,502.38 (1)    $ 12.45 (1)    $ 12.45 (1) 

(1) For estate planning purposes, Mr. Moreno transferred 1,200,000 shares of Common Stock with a cost basis of $14,942,502.38 from an affiliate to his personal account

Verde Investments, Inc.

 

Nature of Transaction

   Transaction Date      Number of Shares      Total Purchase Amount
($)
     Price Per Share
($)
     Price Per Share
Range
 

Purchase of Common Stock on Open Market

     9/5/2023        132,035      $ 1,451,711.63      $ 10.9899      $ 10.93 - $11.00   

Purchase of Common Stock on Open Market

     9/12/2023        200,000      $ 2,171,540.00      $ 10.8527      $ 10.71 - $10.96   

Purchase of Common Stock on Open Market

     9/19/2023        1,800      $ 18,720.00      $ 10.395      $ 10.375 - $10.40   

Purchase of Common Stock on Open Market

     9/21/2023        70,356      $ 717,968.91      $ 10.1998      $ 10.195 - $10.20   

Purchase of Common Stock on Open Market

     9/26/2023        250,000      $ 2,518,875.00      $ 10.0705      $ 9.975 - $10.10   

Purchase of Common Stock on Open Market

     9/27/2023        136,181      $ 1,342,622.10      $ 9.8541      $ 9.82 - $9.90   

Purchase of Common Stock on Open Market

     9/28/2023        13,740      $ 134,653.37      $ 9.7951      $ 9.775 - $9.80   

Purchase of Common Stock on Open Market

     10/3/2023        500,000      $ 4,613,350.00      $ 9.2217      $ 9.07 - $9.40   

Purchase of Common Stock on Open Market

     10/5/2023        250,000      $ 2,208,950.00      $ 8.8308      $ 8.695 - $9.00   

Purchase of Common Stock on Open Market

     10/5/2023        250,000      $ 2,149,425.00      $ 8.5927      $ 8.575 - $8.60