Brief: Pengana Capital Group Says PIML Not Currently In Active Discussions With E&P Investments

Pengana Capital

24/02/2023 24:35

Feb 24 (Reuters) - Pengana Capital Group Ltd  PCG.AX :
    * PENGANA INVESTMENT MANAGEMENT REFERS TO PRESS SPECULATION
    * PRESS SPECULATION ABOUT PROPOSAL TO MERGE CORDISH DIXON
PRIVATE
EQUITY FUNDS SERIES WITH PENGANA PRIVATE EQUITY TRUST
    * PIML IS NOT CURRENTLY IN ACTIVE DISCUSSIONS WITH E&P
INVESTMENTS
    * CONFIRMS PIML PREVIOUSLY SUBMITTED 2 CONDITIONAL
NON-BINDING
INDICATIVE PROPOSALS TO MERGE FOUR CDS FUNDS WITH PE1
    * E&P REJECTED BOTH PROPOSALS AND DID NOT ENGAGE FURTHER
    * PIML BELIEVES PROPOSAL HAS SIGNIFICANT STRATEGIC RATIONALE
AND
WOULD PROVIDE COMPELLING VALUE TO CDS UNITHOLDERS IF IMPLEMENTED

Source text for Eikon:  ID:nASXbVqtm9 
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