08 Jul 2015

Clayton Utz advises Amcom on successful scheme of arrangement with Vocus

Perth, 8 July 2015: Clayton Utz congratulates its client Amcom Telecommunications Limited, as well as Vocus Communications Limited, on the successful implementation of its merger by scheme of arrangement today.

The acquisition implied an equity value for Amcom of approximately $700 million, with the combined Amcom and Vocus Group's market capitalisation expected to be approximately $1.3 billion.  Amcom shareholders were today issued ASX listed shares in Vocus as consideration for their Amcom shares, and 3 Amcom directors will be appointed to the Vocus board.

Amcom is an IT and Telecommunications company that is a provider for the converging Information, Communication and Technology (ICT) needs of business and government across Australia.  It was incorporated in 1993 and listed on ASX from the time of its 1994 initial public offering until delisting, which is expected to occur shortly given the scheme's implementation.

Clayton Utz has acted as legal adviser to Amcom since 2009.

Clayton Utz Perth partner Mark Paganin led the firm's team together with partner Cameron Belyea, with key support from senior associates Stephen Neale and Liz Humphry and lawyers Thomas Parker and Alex Snell.

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Clayton Utz communications are intended to provide commentary and general information. They should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this communication. Persons listed may not be admitted in all States and Territories.