APX 1.61% 61.0¢ appen limited

Offer with drawn -ASX Announcement14 March 2024Withdrawal of...

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    Offer with drawn -

    ASX Announcement
    14 March 2024
    Withdrawal of Innodata's non-binding indicative proposal for Appen
    On 12 March 2024, Appen received a price and volume query letter from the ASX which it
    responded to on that day. As part of Appen’s response to the price and volume query letter, it
    disclosed that it had received a highly conditional, confidential, non-binding, indicative proposal
    from Innodata, in relation to a potential combination of the two companies (the Indicative
    Proposal).
    Overnight, Innodata informed Appen that it was withdrawing the Indicative Proposal on the basis
    that it was intended to remain confidential.
    Appen will continue to update shareholders in accordance with its continuous disclosure
    obligations.
    Authorised for release by the Board.
    For further information, please contact:
    For Investors:
    Rosalie Duff
    Head of Investor Relations
    +61 421 611 932
    [email protected]
 
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62.5¢ 64.0¢ 61.0¢ $1.425M 2.274M

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