TALENT2 INTERNATIONAL LIMITED 
By
Talent2 International Limited (ASX:TWO) (Talent2) is pleased
to announce the implementation of the scheme of arrangement
with Talent2 shareholders (Scheme) and the option scheme of
arrangement with Talent2 optionholders (Option Scheme).
Implementation follows agreement by the requisite majorities
of Talent2 securityholders to the Scheme and Option Scheme at
the scheme meeting and option scheme meeting, respectively,
held on Monday,
20 August 2012, and approval of the Scheme and Option Scheme
by the Federal Court of Australia on
Thursday, 23 August 2012.
All Talent2 shares were transferred to Perbec Pty Limited
(ACN 158 551 574), an entity ultimately owned
50% by Morgan & Banks Investments Pty Limited and 50% by
Allegis Group, Inc. (Allegis). All options and performance
rights entitling a holder to acquire shares in Talent2 have
either been exercised, cancelled or have lapsed.
The resignations of Ken Borda, Pam Laidlaw and Hans Neilson
took effect from implementation. The following nominee
directors of Allegis have been appointed to the Talent2 board
with effect from the implementation of the schemes of
arrangement: Paul Bowie and Christopher Hartman.
Talent2 was founded in 2003 and operates from 45 offices, delivering services in 31 countries across the Asia Pacific region, Middle East, UK and USA. It is the leading HR BPO organisation in the Asia Pacific region, working with clients across diverse organisation types and industries to deliver end-to-end talent management solutions that put people first. These include HR Advisory, Payroll, Recruitment and Learning. Talent2's end-to-end talent management solution gives it a unique capacity to fulfil the rapidly evolving business needs for talent management, to help organisations to improve the power and productivity of their people.
For further information please contact: Investor
Talent2
David Patteson, Company Secretary | t +61 2 9087 6333 | e david.patteson@talent2.com
KPMG Corporate Finance
Rob Bazzani | t +61 3 9288 5594 | e rbazzani@kpmg.com.au
Jon Adgemis | t +61 2 9335 7222| e jadgemis@kpmg.com.au
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