Supreme Court Approves APM Scheme of Arrangement
Key points
- Supreme Court of NSW approves proposed acquisition of APM by Ancora BidCo
- Scheme to become legally Effective upon lodgement of Court orders with ASIC
- APM shares to be suspended from trading on ASX from close of trading on 25 September 2024
Full summary
APM Human Services International Limited (ASX: APM) has announced that the Supreme Court of New South Wales has made orders approving the proposed acquisition of all APM shares not already held by Madison Dearborn Partners, LLC (MDP) or its affiliates. The acquisition will be carried out via a scheme of arrangement under the Corporations Act 2001. An office copy of the Court orders will be lodged with the Australian Securities and Investments Commission today, making the Scheme legally Effective. APM will also request the suspension of quotation of all APM shares on the ASX from the close of trading on Wednesday, 25 September 2024. The key dates for implementation of the Scheme include the Scheme Record Time on 30 September 2024 and the Implementation Date of 10 October 2024. Any changes to the timeline will be announced by APM on the ASX.
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