Brief: APM Human Services International Enters Scheme Implementation Deed With Ancora Bidco

APM Human Services International

03/06/2024 24:41

June 3 (Reuters) - APM Human Services International Ltd
 APM.AX :
    * ENTERED INTO A SCHEME IMPLEMENTATION DEED (SID) WITH
ANCORA
BIDCO PTY LTD
    * UNDER SCHEME, APM SHAREHOLDERS WILL RECEIVE A$1.45 CASH
PER
SHARE
    * SCHEME IMPLEMENTATION DEED FOR ACQUISITION OF 100% OF
ISSUED
SHARE CAPITAL OF APM BY WAY OF A SCHEME OF ARRANGEMENT
    * CASH CONSIDERATION VALUES ORDINARY SHARES OF APM AT
APPROXIMATELY A$1.3 BILLION
    * IBC CONSIDERS SCHEME TO BE IN BEST INTERESTS OF APM
SHAREHOLDERS
    * NOW EXPECTS UNDERLYING EBITDA & UNDERLYING NPATA FOR
FY2024 TO
BE AROUND BOTTOM END OF RANGES PROVIDED
    * IBC RECOMMENDS THAT APM SHAREHOLDERS VOTE IN FAVOUR OF
SCHEME


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