• These expressions of interest have been received from large corporates who see APD as a platform to serve their clients in the Asia Pacific region.
• The Company believes that corporate interest in APD validates its unique position, providing a single point of market entry into the fast-growing Asia Pacific digital economy, following completion of its major investment programme through FY16.
• Based on current industry dynamics and transaction evidence, Directors believe that a strategic partner is likely to attribute a higher value to the APD platform than the Company’s equity market capitalisation implies.
• The Board has authorised a formal process to test this thesis, and if demand is as anticipated, select a strategic equity partner to accelerate its expansion.

The Company has received informal expressions of interest to acquire a shareholding in its APD subsidiary. These expressions of interest are from large corporates who see APD as a platform to serve their clients in the Asia Pacific region.

It believes that APD can accelerate both its own growth and that of a strategic equity partner by providing a single point of market entry into the fast-growing Asia Pacific digital economy.

Asia Pacific Digital expects that this process has the potential to drive significant value into the APD platform and intends to remain a significant shareholder for the foreseeable future.

Based on recent transaction evidence in the sector, the Directors believe that a strategic partner is likely to attribute a higher value to the APD platform than the Company’s equity market capitalisation implies, and has the potential to deliver significant value to shareholders.