News: APM APM Human Services Receives Non-Binding Indicative Proposal From MDP

April 8 (Reuters) - APM Human Services International Ltd (APM) :

• NON-BINDING ACQUISITION PROPOSAL AND BUSINESS UPDATE-APM.AX
• RECEIVED A NON-BINDING INDICATIVE PROPOSAL FROM FUNDS CONTROLLED BY MDP
• PROPOSAL TO ACQUIRE ALL OF SHARES IN APM WHICH IT DOES NOT ALREADY HOLD FOR A$1.40 CASH PER SHARE
• MDP PROPOSAL DOES NOT REQUIRE EXCLUSIVITY AND ALLOWS COMPANY TO ENGAGE WITH OTHER POTENTIAL ACQUIRERS
• IBC TOGETHER WITH ITS ADVISORS INTEND TO ENGAGE WITH MDP AND ANY OTHER INTERESTED PARTIES
• IBC NOTES THAT OFFERED PRICE PER SHARE UNDER MDP PROPOSAL IS DISAPPOINTING
• IBC RESPONSIBLE FOR ENGAGING WITH MDP IN RELATION TO THE MDP PROPOSAL AND OTHER POTENTIALLY INTERESTED PARTIES
• ENGAGED CBA AND HSBC AUSTRALIA TO LEAD ON EXTENSION AND AMENDMENT OF DEBT FACILITIES
• EXPECTS SIGNIFICANT INCREMENTAL EARNINGS GROWTH IN FY25 THROUGH ANNOUNCED CONTRACT AWARDS & CORPORATE INITIATIVES
• SEES FY24 UNDERLYING NPATA TO BE IN RANGE OF A$95 MILLION AND A$105 MILLION
• SEES FY24 UNDERLYING EBITDA IN RANGE OF A$280 MILLION TO $A290 MILLION

(([email protected];))