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APM Human Services International (APM) investor relations material
APM Human Services International EGM 2024 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Opening remarks and agenda
Chairperson Neville Power opened the meeting, acknowledged traditional land owners, and confirmed quorum.
The meeting's purpose was to allow shareholders to vote on a proposed scheme of arrangement for the acquisition of APM shares by Ancora Bidco, a subsidiary of Madison Dearborn Partners (MDP).
Procedural matters, voting logistics, and Q&A processes were outlined, with the meeting held virtually.
Specific resolutions to be voted on
The sole resolution was to approve the scheme of arrangement for Ancora Bidco to acquire all APM shares not already held by MDP.
Approval required a majority in number and at least 75% of votes cast by shareholders.
Voting was conducted by poll, with undirected proxies to be voted in favor by the chair.
Board and executive committee updates
The Independent Board Committee (IBC) directors and key executives, including the CEO and CFO, were introduced.
The IBC appointed Kroll Australia as the independent expert to assess the scheme.
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