APM Human Services International (ASX: $APM) Trading Halt Request

APM Human Services International Limited (ASX: $APM) has requested a trading halt on its securities listed on the ASX. The halt is pending the release of an update regarding the receipt of a letter from CVC, advising that they are unable to proceed to finalize a transaction on terms consistent with their non-binding offer as disclosed to the ASX on 28 February 2024, and the ending of CVC's exclusivity period. The trading halt will apply immediately and continue until the earlier of APM releasing the update noted above or the commencement of trading on Tuesday 2 April 2024.

Executive Commentary

APM Human Services International Limited (ASX: $APM) has requested a trading halt as it awaits an update related to the receipt of a letter from CVC. The update pertains to CVC's inability to proceed with finalizing a transaction on terms consistent with their non-binding offer, as previously disclosed to the ASX on 28 February 2024, and the ending of CVC's exclusivity period. The trading halt is in accordance with ASX Listing Rule 17.1 and will remain in place until the update is released or the commencement of trading on Tuesday 2 April 2024.

Summary

APM Human Services International Limited (ASX: $APM) has requested a trading halt pending the release of an update regarding the receipt of a letter from CVC. The update relates to CVC's inability to proceed with finalizing a transaction on terms consistent with their non-binding offer, as previously disclosed to the ASX on 28 February 2024, and the ending of CVC's exclusivity period. The trading halt will continue until the update is released or the commencement of trading on Tuesday 2 April 2024. This development indicates a potential impact on APM's ongoing corporate activities and strategic plans, and investors are advised to await the company's update for further insights into the situation.