FYIAs per release ASX Announcement (UWL)Response to Media...

FYI

As per release

ASX Announcement (UWL)
Response to Media Speculation
24 March 2022: Uniti Group Limited (Uniti or Company) advises that, at approximately
1.05 pm on 23 March 2022, its Chairman received, via email, a non-binding, incomplete
and indicative proposal from Macquarie Infrastructure and Real Assets Holdings Pty Limited
(“MIRA Holdings”), an entity within Macquarie Asset Management's Real Assets division
(“MAM Real Assets”), and Public Sector Pension Investment Board (“PSP Investments”)
(together, the “Connect Consortium”) to acquire Uniti for cash consideration of $5.00 per
share, via a scheme of arrangement (the “Connect Consortium Indicative Proposal”).
The Connect Consortium Indicative Proposal is subject to a number of conditions, including
satisfactory completion of due diligence, FIRB approval, no material adverse change in
respect of Uniti, committed debt funding being in place, receipt of internal MAM Real Assets
and PSP Investments final approvals, unanimous recommendation of the transaction from
the Uniti Board, and entry into a mutually acceptable Scheme Implementation Agreement
to be agreed between Uniti and the Connect Consortium.
The Board of Uniti is currently considering the terms of the Connect Consortium Indicative
Proposal.
The Board notes that it is uncertain that the Connect Consortium Indicative Proposal will
result in an offer to Uniti shareholders. Uniti shareholders do not need to take any action
in relation to the Connect Consortium Indicative Proposal at this stage.
Uniti will continue to update shareholders, in accordance with the Company's continuous
disclosure obligations.
Authorised for release by the Board of Directors.
- ENDS

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