PERTH, AUS – Following the approval today by the Federal Court of Australia of the scheme of arrangement pursuant to which Ocean BidCo Limited (“Bidco”) will acquire all of the VGW shares (Scheme) and approval of the Scheme by VGW shareholders at the shareholder meeting on 1 August, 2025, Mr Escalante makes the following statement:

“Since founding VGW almost 15 years ago, the company has constantly evolved, driven through growth and opportunity but also many challenges and change. 

“This transaction is another major development for VGW, and I thank all shareholders for their support in helping us get to where we are today. I also thank and welcome the shareholders who elected to continue their journey with VGW by electing to receive BidCo shares (who will become shareholders of BidCo, which will become the new holding company for VGW).”

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E: media@vgw.co