Vocus Group Limited ("Vocus" or "the Company") (ASX:VOC) announces that it has received a non-binding, indicative proposal from AGL Energy Limited ("AGL") to acquire all of the shares in Vocus at a price of A$4.85 per share in cash1, to be implemented by way of a scheme of arrangement (the "Indicative Proposal").
Read the full submission here.
AGL is committed to helping shape a sustainable energy future for Australia. We operate the country’s largest electricity generation portfolio, we’re its largest ASX-listed investor in renewable energy, and we have 3.6 million customer accounts. Proudly Australian, with more than 180 years of experience, we have a responsibility to provide sustainable, secure and affordable energy for our customers. Our aim is to prosper in a carbon-constrained world and build customer advocacy as our industry transforms. That’s why we have committed to exiting our coal-fired generation by 2050 and why we will continue to develop innovative solutions for our customers.