Feb 26 (Reuters) - Aussie Broadband Ltd (ABB) : NON-BINDING...

Feb 26 (Reuters) - Aussie Broadband Ltd (ABB) :

• NON-BINDING INDICATIVE PROPOSAL TO MERGE WITH SUPERLOOP
• SUBMITTED A NON-BINDING INDICATIVE PROPOSAL WHICH WOULD RESULT IN ABB OWNING 100% OF ISSUED SHARE CAPITAL IN SUPERLOOP
• UNDER THE INDICATIVE PROPOSAL, SUPERLOOP SHAREHOLDERS WOULD RECEIVE 0.21 ABB SHARES FOR EACH SUPERLOOP SHARE HELD
• DEAL IMPLIES A TOTAL VALUE TO SUPERLOOP SHAREHOLDERS OF A$0.95 PER SHARE
• NOTES THERE IS NO CERTAINTY THE INDICATIVE PROPOSAL WILL RESULT IN ANY TRANSACTION
• HAS ALSO ACQUIRED A 19.9% RELEVANT INTEREST IN SUPERLOOP AT A$0.95 IN CASH PER SHARE
• AT THIS TIME, AUSSIE BROADBAND SHAREHOLDERS DO NOT NEED TO TAKE ANY ACTION IN RELATION TO THE INDICATIVE PROPOSAL