Sydney, 22 June 2021
The consortium comprising Macquarie Infrastructure and Real Assets and its managed funds (together “MIRA”) and Aware Super Ltd (“Aware Super”) welcome today’s announcement that Vocus Group shareholders have voted in favour of the consortium’s acquisition of Vocus by Scheme of Arrangement.
The consortium notes implementation of the Scheme remains subject to approval of the New South Wales Supreme Court at a hearing scheduled for 24 June 2021 and certain other conditions precedent as previously announced and described in the Scheme Booklet.
MIRA Head of Asia Pacific, Frank Kwok said: “We are pleased that Vocus shareholders have recognised the compelling value and certainty in our proposal. We look forward to drawing on MIRA’s global digital infrastructure experience, alongside our partner Aware Super, to work with Vocus Group’s management team to grow its presence as a provider of leading network solutions for its customers.”
Aware Super Head of Income and Real Assets, Damien Webb said: “We look forward to working with MIRA to further enhance Vocus Group’s market position and growth agenda. We are pleased to be expanding our footprint in digital infrastructure assets which we believe will offer compelling value for our members not just today but for decades to come. This acquisition is an important one for Aware Super and strongly aligns with our purpose to do well for our members in terms of strong, sustainable, long-term returns while also doing good in our community.
“Today’s vote, is also an important milestone for Aware Super, demonstrating our growing appetite and ability to deliver investments of this kind.”
Subject to the Scheme becoming effective, Vocus shareholders will receive Scheme consideration of $5.50 cash for each share held on the applicable record date, which is expected to be 2 July 2021 at 7:00pm AEST.
Payment of the Scheme Consideration will be made on the Scheme Implementation Date, which is expected to be on 22 July 2021.
Previously known as First State Super we changed our name to Aware Super in September 2020.
Aware Super is a name that reflects our members and what we stand for. It echoes the strengths of our past, aligning to our purpose to be a force for good in superannuation, retirement, and advice, driving better outcomes for our members, their families, and communities.
Aware Super’s been the fund for people who value community since 1992, we’re now one of Australia’s largest funds and we’re continuing to grow. We merged with VicSuper and WA Super last year and now manage nearly $145 billion in savings for more than 1 million members located across the country.
Our members work in roles that breathe life into their communities and they expect us to do the same. So, we invest in assets that we believe will make a positive difference today - improving our communities, building a more a sustainable economy and supporting employment both locally and globally at the same time as providing strong long-term returns.
Discover how we’re helping members do well financially while doing good in the world: Visit aware.com.au.