Posts Tagged ‘Seven Group Holdings’

ASX Company News: Vocus Communications Expands In WA

Tuesday, October 18th, 2011

Vocus Communications (VOC) has further cemented its West Australian footprint with the announcement of a multi-year deal to provide international internet access (IP Transit) and domestic communication services to leading 4G wireless provider vividwireless. vividwireless – a Seven Group Holdings company – rolled out Australiaʼs first 4G wireless Broadband network in Perth last year, and has continued with smaller footprints in Adelaide, Brisbane, Sydney, Melbourne and Canberra this year. Vocus will provide the high speed internet access via fully redundant 10Gb interfaces at Vocusʼ Perth IX Data Centre, where vividwireless is already hosting its equipment. The deal gives Vocus further exposure to mobile broadband data usage – the fastest growing segment of the Internet market.

vividwireless CEO Martin Mercer explains why Vocus was a clear favourite to provide the services. “We selected Vocus for two important reasons. Firstly, it was clear that their network operations and performance was excellent, but the clincher was the willingness of the Vocus team to work with us to deliver a unique solution that would fit with our growing business,” he explained. Vocus crafted a fully flexible commercial offering that allows vividwireless to turn up additional capacity at a momentʼs notice. While the initial requirement is for Perth capacity, Vocus will be partnering with vividwireless as it extends the 4G network in the Eastern states later in 2011/2012.

vividwireless, wholly owned by Seven Group Holdings Limited, owns and operates Australiaʼs first 4G wireless broadband network. vividwireless launched in Perth in March, 2010. The network has since expanded to cover select parts of Sydney, Melbourne, Adelaide, Brisbane and Canberra.

Vocus  (VOC) Vocus Communications is an ASX listed leading telecommunications provider of Data Centre, Dark Fibre, and International Internet connectivity across Australia, NZ 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.

www.vocus.com.au

http://www.traderdealer.com.au/fundamentals/voc

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ASX Company News: Seven Group Holdings To Acquire National Hire Group

Wednesday, September 21st, 2011

Seven Group Holdings Limited (SVW) announced that its wholly owned subsidiary, Seven Pty Limited (Seven) proposes to make an off-market takeover offer for the outstanding shares in National Hire Group Limited. SGH already has an interest in 66.20% of National Hire shares. The offer is being made because even though SGH wishes to remain invested in National Hire, SGH is conscious of the very low liquidity of National Hire Shares on the ASX. This has consequences for other shareholders including: The cash offer price is $3.00 per National Hire share. It is unconditional other than a condition that, in relation to National Hire, there is no ‘prescribed occurrence’.  The $3.00 offer represents a significant premium to recent trading – a 60% premium to the closing price of National Hire Shares on 16 September 2011, the last trading day before the date on which Seven announced the Offer; a 74% premium to the volume weighted average price of National Hire Shares for the month ending 16 September 2011; a 87% premium to the volume weighted average price of National Hire Shares for the three months ending 16 September 2011.

Seven will pay the applicable consideration to accepting shareholders within 5 Business Days of acceptance. If shareholders accept the Offer and the Offer is later varied to increase the price, any additional payment by virtue of the increase will be made within 5 days of the price increase. SGH and National Hire have certain directors in common. Therefore, protocols have been established to ensure appropriate separation and governance as between SGH and Seven on the one hand, and National Hire on the other, in National Hire’s consideration of this Offer.

National Hire shareholders will receive full details of the offer including acceptance forms, in Seven’s bidder’s statement to be mailed to National Hire shareholders by early October.

www.seven.com.au

http://www.traderdealer.com.au/fundamentals/svw

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Dividends: Seven Group Holdings Ex Dividend On 28/3/2011

Wednesday, March 23rd, 2011

Seven Group Holdings (SVW) will go ex dividend on 28/3/2011. The current dividend payment is 18 cents and it is 100% franked. The record date is 1/4/2011 and the dividend will be paid on 15/4/2011. Based on the full year payment the dividend yield is 4.3%.

*Current Yield: 2.2% Franking: 100% DRP Discount: Not Available

Seven Group Holdings

*Yield has been calculated on the closing price on the 14/3/2011. Current yield is based on the current dividend payment only.

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ASX Company News: Seven Group Holdings Sells Seven Network to West Australian News

Tuesday, February 22nd, 2011

Seven Group Holdings Limited (SVW) announced that it has reached an agreement with West Australian Newspapers Holdings Limited (WAN), to create Seven West Media (SWM). Seven West Media will be Australia’s largest diversified media business. The proposed transaction would result in a media company with a leading presence in broadcast television, radio, newspaper publishing, magazine publishing and online. Seven West Media will be formed by WAN acquiring 100% of SMG from SGH, for an Enterprise Value of approximately $4.1 billion (the Proposed Transaction). Upon implementation of the Proposed Transaction, SGH will hold a 29.6% stake in SWM and $250 million of SWM Convertible Preference Shares.

SGH Group Chief Executive Mr. Peter Gammell today welcomed the announcement. “A year ago we announced the merger of Seven Network and WesTrac Group to create Seven Group Holdings. This transaction to create SGH has delivered considerable shareholder value,” Mr. Gammell said. “Today represents a logical next step. As a result of the transaction, Seven Group Holdings will be the largest shareholder in Seven West Media which will comprise two iconic Australian media assets, namely: Seven Network and the West Australian.” The Executive Chairman of Seven Group Holdings, Mr. Kerry Stokes, said: “The media landscape is evolving rapidly. Today’s announcement provides a significant opportunity for shareholders to participate in this expanding sector.

Under the terms of the Proposed Transaction, SGH, which owns 45% of SMG, will initially buy out the interest of its joint venture partner, KKR, as well as the interests of management and mezzanine investors. WAN will subsequently acquire 100% of SMG from SGH, for an Enterprise Value of approximately $4.1 billion.

www.sevengroup.com.au

www.thewestaustralian.com.au

http://www.traderdealer.com.au/Fundamentals/svw

http://www.traderdealer.com.au/Fundamentals/wan

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Dividends: Seven Group Holdings Ex Dividend On 1/10/2010

Tuesday, September 28th, 2010

Seven Group Holdings (SVW) will go ex dividend on 1/10/2010. The current dividend payment is 18 cents and it is 100% franked. The record date is 8/10/2010 and the dividend will be paid on 22/10/2010. Based on the full year payment the dividend yield is 2.7%.

*Current Yield: 2.7% Franking: 100% DRP Discount: Not Available

Seven Group Holdings

*Yield has been calculated on the closing price on the 23/9/2010. Current yield is based on the current dividend payment only.

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