IINET LIMITED
The Manager
Company Announcements Office Australian Securities Exchange Level 40, Central Park
152 - 158 St Georges Terrace
Perth WA 6000
Dear Sir/Madam,
iiNet has also prepared a short video for shareholders in which the Chairman outlines TPG's proposal, the process that has led to TPG's increased offer, and the iiNet Board's response. The video can be
viewed at www.iinetscheme.net.au.
iiNet's Directors continue to unanimously recommend that all shareholders vote in favour of the Scheme, in the absence of a superior proposal and subject to the Independent Expert maintaining its conclusion that the Scheme is in the best interests of iiNet shareholders.
The Independent Expert has concluded that the Scheme is fair and reasonable and in the best interests of iiNet Shareholders, in the absence of a Superior Proposal.
The Scheme Meeting will be held at the Pan Pacific Perth, 207 Adelaide Terrace, Perth, Western
Australia on Monday, 27 July 2015 at 10.00am (WST).
All iiNet shareholders are encouraged to vote either by attending the Scheme Meeting in person, or by lodging a proxy vote by 10.00am (WST) on Saturday, 25 July 2015 (or by no later than 10.00am (WST) on Friday, 24 July 2015 for members of the iiNet Employee Deferred Tax Scheme). Information on how to vote is contained in the Scheme Booklet and the proxy form which accompanied the Scheme Booklet. You can also vote by proxy electronically by either visiting the iiNet Scheme website at
www.iinetscheme.net.auor directly at www.linkmarketservices.com.au.
iiNet shareholders who wish to take the TPG share election must do so by 5.00pm (WST) on 21 July
2015. iiNet will disclose the election results on 22 July 2015 in an announcement to the ASX.
The time for determining voting entitlements for the scheme meeting is 5.00pm (WST) on 21 July. Full details regarding the Scheme are disclosed in the Scheme Booklet.
Shareholders requiring further information should contact iiNet's Shareholder Information Line on
1300 812 892 (within Australia) or +61 2 9098 9204 (outside Australia) or visit the Scheme website at www.iinetscheme.net.au.
- ENDS -
David Buckingham Shaun Duffy
Chief Executive Officer Senior Managing Director
E: davidb@staff.iinet.net.au E: shaun.duffy@fticonsulting.com
P: +61 8 9213 1358 P: +61 8 9485 8888
M: +61 404 094 384
About iiNet
iiNet is Australia's second largest DSL Internet Service Provider and the leading challenger in the telecommunications market. Publicly listed on the ASX 200, this billion-dollar company has been recognised as a global leader in customer service, winning a silver medal at the Contact Centre World Awards in 2014.
We employ more than 2,500 inquisitive staff across three countries - 80 per cent of whom are employed to directly service nearly one million customers. We maintain our own broadband network and support over 1.8 million broadband, telephony and Internet Protocol TV (IPTV) services nationwide.
We're committed to making it simple for all Australians to connect across both our own network and on the NBN. Our vision is to lead the market with services that harness the potential of the Internet and then differentiate with award-winning customer service.
A full list of current awards can be viewed at iiNet Awards http://www.iinet.net.au/about/awards.html
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