Sept 13 (Reuters) - Superloop Ltd SLC.AX :
* Acquisition of BigAir Group Limited and capital raising SLC.AX
* Says entered into a scheme implementation deed with asx-listed BigAir Group
Limited
* Financial close is expected in December 2016 and will be subject to BigAir
shareholder approval, court approval
* Proposed that Superloop will acquire 100% of bigair's shares on issue by way
of a scheme of arrangement
* Says unanimously recommend that BigAir shareholders vote in favour of the
scheme
* Superloop expects that it will be able to implement a dividend policy in
conjunction with its FY 2017 results
* Acquisition will be significantly accretive to superloop's earnings per share
* Significantly accretive to superloop's earnings per share
* Cash component of the consideration for the proposed acquisition will be
funded in part by scrip issued to existing BigAir shareholders
* Cash consideration of up to $95 million to be funded by a combination of the
placement and a new $75 million revolving debt facility
* Placement of fully paid ordinary shares to institutional and sophisticated
investors in Australia and New Zealand to raise $65 million
* Source text for Eikon ID:nASXbCm3Tb