News: TPM TPG Telecom Says As Part Of Merger, Parties Agreed TPG May Distribute Fully Franked Cash...

Aug 30 (Reuters) - TPG Telecom Ltd (TPM) :

• TPG TELECOM - AS PART OF MERGER, PARTIES AGREED THAT TPG MAY DISTRIBUTE A FULLY FRANKED CASH SPECIAL DIVIDEND NEAR IMPLEMENTATION OF THE MERGER
• TPG TELECOM - CASH SPECIAL DIVIDEND TO BE GIVEN PROVIDED THAT TPG’S NET DEBT BALANCE AT THAT TIME IS BELOW THE AGREED TARGET NET DEBT OF $2,024 MILLION
• TPG TELECOM - INCORPORATED JV WILL ACQUIRE, HOLD AND LICENCE SPECTRUM TO THE SHAREHOLDERS
• TPG TELECOM - IN PARALLEL TO THE MERGER AGREEMENT, TPG AND VHA HAVE SIGNED A JOINT VENTURE AGREEMENT
• TPG TELECOM - JV IS ONGOING, AND WILL NOT TERMINATE IF THE MERGER FAILS TO PROCEED
• TPG TELECOM - FINAL CASH SPECIAL DIVIDEND WILL ALSO BE REDUCED BY LEVEL OF CASH THAT IS USED TO CAPITALISE TPG SINGAPORE PRIOR TO SINGAPORE SEPARATION
• TPG TELECOM - SINGAPORE SEPARATION WILL BE IMPLEMENTED ON OR BEFORE IMPLEMENTATION OF MERGER
• TPG TELECOM - TPG COMMENCED ENGAGEMENT WITH SINGAPORE INFOCOMM MEDIA DEVELOPMENT AUTHORITY IN CONNECTION WITH SEPARATION

Source text: bit.ly/2LDm4wj

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