News: IHR Humanforce Offers Intellihr Shareholders Sell Shares To Bidder On Market At A$0.195/Share

March 28 (Reuters) - Humanforce Holdings:

• WILL VOTE ITS 19.9% OF INTELLIHR SHARES AGAINST THE ACCESS GROUP SCHEME AT AN OFFER PRICE OF A$0.22 PER INTELLIHR SHARE
• HIGHLY UNLIKELY THAT CONSIDERATION PAID IN TAG BID WILL BE INCREASED TO A$0.215 PER INTELLIHR SHARE
• HIGHLY LIKELY THAT TAG SCHEME WILL FAIL; UNLIKELY TO ACHIEVE 75% ACCEPTANCES
• WILL ALSO NOT ACCEPT ITS 19.9% OF INTELLIHR SHARES INTO TAG BID AT A$0.21 OR A$0.215
• ITS ALL CASH CONSIDERATION OF A$0.195 PER INTELLIHR SHARE PROVIDES A "COMPELLING OPPORTUNITY" FOR INTELLIHR SHAREHOLDERS
• "NO CONDITIONS" TO RECEIVING A$0.195 PER INTELLIHR SHARE FROM BIDDER
• ENCOURAGES INTELLIHR SHAREHOLDERS SELL INTELLIHR SHARES TO BIDDER ON MARKET NOW