Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,036.38

0.66%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,036.38

0.66%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,036.38

0.66%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,036.38

0.66%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,036.38

0.66%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,036.38

0.66%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,036.38

0.66%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,036.38

0.66%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,036.38

0.66%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,036.38

0.66%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,036.38

0.66%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,036.38

0.66%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,036.38

0.66%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,036.38

0.66%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,036.38

0.66%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,036.38

0.66%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,036.38

0.66%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,036.38

0.66%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,036.38

0.66%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

Lithium

43.71

(0.34%)

Gold

2,740.90

0.57%

Copper

4.34

0.79%

Oil

71.78

2.06%

Bitcoin

67,036.38

0.66%

FTSE 100

8,248.80

(0.25%)

Nikkei 225

37,913.92

(0.11%)

Dow Jones

42,114.40

(0.85%)

Iron Ore

101.55

2.27%

USD/AUD

0.66

Hang Seng

20,590.15

0.33%

APM (ASX: $APM) confirms scheme becomes legally effective

September 25, 2024
Author: Stock Piper

Confirmation of Scheme's Legal Effectiveness

APM Human Services International Limited (ASX:APM) has confirmed the legal effectiveness of the scheme for the acquisition of its shares by Ancora BidCo Pty Ltd, a subsidiary of funds managed by Madison Dearborn Partners, LLC. The Supreme Court of New South Wales has approved the proposed acquisition, and APM has lodged the court orders with the Australian Securities and Investments Commission (ASIC). The quotation of APM shares is expected to be suspended from the close of trading on Wednesday, 25 September 2024. Shareholders will receive the scheme consideration on the implementation of the scheme, which is anticipated to occur on Thursday, 10 October 2024.

Executive Commentary on Scheme's Legal Effectiveness

The scheme becoming legally effective marks a significant milestone for APM. We are pleased with the court's approval of the acquisition by Ancora BidCo Pty Ltd, which reflects the confidence in APM's value and potential. We are committed to ensuring a smooth transition for our shareholders and look forward to the implementation of the scheme on 10th October 2024. This development aligns with our strategic goals and will enable us to continue delivering on our purpose of 'Enabling Better Lives' for millions of people across various sectors and geographies.

Summary of Scheme's Legal Effectiveness

APM (ASX:APM) has officially confirmed the legal effectiveness of the scheme for the acquisition of its shares by Ancora BidCo Pty Ltd, a subsidiary of funds managed by Madison Dearborn Partners, LLC. The Supreme Court of New South Wales has approved the proposed acquisition, and APM has lodged the court orders with ASIC. As a result, the quotation of APM shares is expected to be suspended from the close of trading on 25th September 2024. Shareholders are set to receive the scheme consideration on the implementation of the scheme, scheduled for 10th October 2024. This development reflects APM's commitment to its strategic objectives and its dedication to enhancing the lives of millions of individuals across diverse sectors and global locations.

| ASX

(+0%)

At close 14/10 (AEDT)

Market cap

$1.3B

Volume

1,736,931

DY Yield

0.104499996

PE Ratio

52 Week Range

0.68 - 2.24