BRIEF-APM Human Services Receives Non-Binding Indicative Proposal From MDP

Reuters04-08

April 8 (Reuters) - APM Human Services International Ltd

:

* 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

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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