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MACQUARIE TECHNOLOGY GROUP LIMITED — Capital/Financing Update 2015
Apr 16, 2015
65295_rns_2015-04-16_8af59b16-7228-4eb8-9835-905f19e661dc.pdf
Capital/Financing Update
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ASX Release 17 April 2015
Acquisition of a strategic stake in Macquarie Telecom Group Limited
Vocus Communications Limited (“Vocus”) today announced that it had acquired a relevant interest in approximately 14.5 per cent of Macquarie Telecom Group Limited.
Macquarie Telecom Group Limited is an ASX listed leading managed hosting and businessonly telecommunications company, and is a full service hosting provider offering managed dedicated servers, managed colocation, and managed private and public clouds for mid-size businesses, government and corporate IT departments.
Vocus currently has no intention other than to hold the stake as a strategic investment.
The investment is not expected to have a material effect on Vocus' business and operations or its financial position and performance.
Vocus acquired this relevant interest in Macquarie Telecom Group Limited under a physically-settled equity swap transaction for consideration of $15.619 million, payable on settlement of the swap transaction.
On 30 March 2015, Amcom released a copy of the scheme booklet it has sent to its shareholders in relation to the previously announced scheme of arrangement under which Vocus will acquire all of the outstanding shares of Amcom in which it does not currently have an interest (in consideration for 0.4614 new Vocus shares for each Amcom share). Section 5.12 of that scheme booklet contains an overview of Vocus' historical and pro forma historical financial information including in relation to the interim financial statements for the 6 months ended 31 December 2014, and section 5.13 contains information in relation to material changes in the financial position of Vocus since the date of its half-yearly financial reports for the 6 months ended 31 December 2014.
No material impact is expected to Vocus' statement of financial position and consolidated income statement from its acquisition of the relevant interest through the physically-settled equity swap transaction including mark to market adjustments, interest costs and any dividends received on the Macquarie Telecom Group Limited shares.
At settlement of the physically-settled equity swap transaction, Vocus will record the investment in its statement of financial position by increasing non-current assets by the consideration of $15.619 million plus any gain or loss from its mark to market adjustments, with a corresponding increase in net debt.
For more information, please contact:
Investors James Spenceley Chief Executive Officer T: +61 2 8999 8999 [email protected]
About Vocus (ASX:VOC): Vocus Communications is an ASX listed leading telecommunications provider of Data Centre, Dark Fibre and International Internet connectivity across Australia, NZ, Singapore and the US. The company provides high performance, high availability and highly scalable communications solutions, which allow service providers to quickly and easily deploy new services for their own customer base.