APM Human Services International (APM) EGM 2024 summary

Opening remarks and agenda

• Chairperson Neville Power opened the meeting, confirmed quorum, and welcomed shareholders and representatives.

• The meeting was convened to discuss and vote on a scheme of arrangement for the acquisition of all shares not already held by MDP group.

• Procedural matters, voting logistics, and Q&A processes were outlined.

Specific resolutions to be voted on

• The sole resolution was to approve the scheme of arrangement under Section 411 of the Corporations Act, allowing Ancora BidCo to acquire all remaining shares.

• Approval required both a majority in number and at least 75% of votes cast by shareholders.

Board and executive committee updates

• The Independent Board Committee and key executives, including the CEO and CFO, were introduced.

• Recommending directors unanimously supported the scheme in the absence of a superior proposal.