salvation
Vocus Group Ltd ("Vocus", ASX: VOC) refers to recent press speculation and confirms that it has
received a confidential non-binding, indicative proposal from Macquarie Infrastructure and Real
Assets Holdings Pty Limited and its managed funds (together “MIRA”) to acquire 100% of the
shares of Vocus via a scheme of arrangement at a price of $5.50 per share (“the Proposal”). The
Board notes that the Proposal is subject to a number of conditions including satisfactory
completion of due diligence by MIRA; MIRA securing debt financing; unanimous recommendation
by the Vocus Board; and entry into a mutually acceptable scheme implementation agreement.
Any scheme implementation agreement would also be subject to a number of conditions,
including shareholder, court and regulatory approvals.
After consideration by the Board and its advisers, the Board has concluded that it is in the best
interests of Vocus shareholders to explore the potential for a transaction with MIRA, and has
granted MIRA due diligence access to enable MIRA to potentially put forward a binding proposal.
The Board notes that there is no certainty that the Proposal will result in a binding offer for Vocus.
Vocus will update the market as appropriate in line with its continuous disclosure obligations.
Vocus shareholders do not need to take any action in response to the Proposal.
Vocus has appointed Credit Suisse as its financial advisor and Allens as its legal advisor.
This announcement has been authorised for release by the Board.courtesy of Bell Direct
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i do not hold this share , but do hold MQG ('free-carried' )
salvation
Update on indicative and non-binding proposal in relation to Vocus
Vocus Group Ltd (“Vocus”, ASX: VOC) refers to its announcement on 8 February 2021 in relation
to the non-binding, indicative proposal from Macquarie Infrastructure and Real Assets Holdings
Pty Limited and its managed funds (together “MIRA”) to acquire 100% of the shares of Vocus via
a scheme of arrangement at a price of $5.50 per share (“the Proposal”).
Vocus has been advised by MIRA that it has entered into a co-operation agreement with Aware
Super Pty Ltd as trustee for Aware Super (“Aware Super”) to progress its Proposal via a
consortium (together, the "Consortium"). The Proposal remains indicative and non-binding, is on
the same terms, and remains subject to the same conditions as set out in Vocus’ announcement
of 8 February 2021.
The Consortium’s due diligence investigations are continuing. The Vocus Board notes that there
is no certainty that the Proposal will result in a binding offer for Vocus. Vocus will update the
market as appropriate in line with its continuous disclosure obligations.
Vocus shareholders do not need to take any action in response to the Proposal.
This announcement has been authorised for release by the Board.courtesy of Bell Direct
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i do not hold this share , but do hold MQG ('free-carried' )