Access UK Limited made an proposal to acquire intelliHR Limited (ASX:IHR) from COLINTON CAPITAL PARTNERS FUND I (A) PTY LTD managed by Colinton Capital Partners Pty Ltd and others for AUD 0.235 per share on march 3, 2023. Access UK Limited entered a Transaction Implementation Deed to acquire intelliHR Limited (ASX:IHR) from COLINTON CAPITAL PARTNERS FUND I (A) PTY LTD managed by Colinton Capital Partners Pty Ltd and others on March 29, 2023. As of March 17, 2023 Access UK Limited increased the offer to AUD0.2 per share.

As of March 27, 2023 Access UK Limited increased the offer to AUD 0.22 per share. As of April 3, 2023 Access UK Limited increased the offer to AUD 0.235 per share As of March 29, 2023, the board of IHR recommends the shareholders to accept the TAG bid and reject the Humanforce bid. As of April 4, 2023, The intelliHR board recommended the AUD 0.24 per share bid of Humanforce.

Offer will be fully funded through TAG's existing debt facility on a certain funds basis and support by committed facilities from TAG and TAG's surplus cash on balance sheet. The IHR Board has engaged Mills Oakley as its legal counsel. Allens acted as legal advisor to Access UK Limited and Oaktower Partnership Pty.

Ltd. acted as financial advisor to Access UK Limited.