Scheme Becomes Legally Effective
Key points
- APM confirms court approval of acquisition by Ancora BidCo Pty Ltd
- Scheme is now legally effective, trading in APM shares to be suspended
- Scheme Consideration to be paid to shareholders on 10 October 2024
Full summary
APM Human Services International Limited (ASX: APM) has announced that it has lodged with the Australian Securities and Investments Commission (ASIC) an office copy of the orders made by the Supreme Court of New South Wales approving the proposed acquisition of APM by Ancora BidCo Pty Ltd, a wholly-owned indirect subsidiary of funds managed and advised by Madison Dearborn Partners, LLC (MDP). The scheme of arrangement under Part 5.1 of the Corporations Act 2001 (Cth) is now legally effective. As a result, it is expected that quotation of APM Shares will be suspended from the close of trading on Wednesday, 25 September 2024. APM Shareholders will be provided the Scheme Consideration (being either the All Cash Consideration, the Mixed Consideration, or the All Scrip Consideration, as applicable) on Implementation of the Scheme, which is expected to take place on Thursday, 10 October 2024 in respect of APM Shares held at the Scheme Record Time of 7:00 pm (Sydney time) on 30 September 2024.
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