Vocus hits over 4-year high on scheme implementation deed with takeover consortium

Voc Energy Trust

09/03/2021 24:37

** Shares of fibre network owner Vocus Group  VOC.AX  rise
as much as 9% to A$5.45, their highest since Nov. 25, 2016
    ** Co says it agreed a scheme implementation deed (SID) with
a consortium of Macquarie Infrastructure and Real Assets (MIRA)
and pension fund Aware Super  urn:newsml:reuters.com:*:nASX6ppF8N
    ** MIRA and Aware Super had last month agreed to team up for
a $5.50/share takeover of the Sydney-based co  urn:newsml:reuters.com:*:nL1N2KT00Z
    ** VOC says it does not intend to pursue an IPO of its New
Zealand business as long as SID is in effect
    ** As of 2353 GMT, more than 20.5 mln VOC shares traded vs
their 30-day moving avg of about 3 mln shares
    ** Up to Monday's close, stock had risen 23.8% this year

($1 = 1.3060 Australian dollars)

 (Reporting by Shashwat Awasthi in Bengaluru)
 ((Shashwat.Awasthi@thomsonreuters.com))