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Lamar Advertising Company Announces Completion of Merger and Reorganization as a REIT Nasdaq:LAMR

BATON ROUGE, La., Nov. 19, 2014 (GLOBE NEWSWIRE) — Lamar Advertising Company (Nasdaq:LAMR), a leading owner and operator of outdoor advertising and logo sign displays, announces the completion of its merger with and into its wholly owned subsidiary, Lamar Advertising REIT Company. The merger was the final step in Lamar’s plan to reorganize its business operations to qualify as a real estate investment trust (“REIT”) for U.S. federal income tax purposes for the taxable year commencing January 1, 2014. Lamar received the necessary stockholder approvals with respect to the merger at a special meeting of stockholders held on November 17, 2014. The merger was effective as of 11:59 p.m., Eastern Standard Time, on November 18, 2014, at which time Lamar Advertising REIT Company was renamed “Lamar Advertising Company.” – See more at: http://globenewswire.com/news-release/2014/11/19/684500/10108913/en/Lamar-Advertising-Company-Announces-Completion-of-Merger-and-Reorganization-as-a-REIT.html#sthash.jb6MiAwJ.dpuf

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