Brief: Pengana Capital Says Divestment Of US Based Division

Pengana Capital

09/02/2023 22:51

Feb 10 (Reuters) - Pengana Capital  PCG.AX :
    * DIVESTMENT OF US BASED DIVISION
    * HAS SIGNED AN AGREEMENT TO DIVEST ITS 65% DIRECT EQUITY
STAKE IN
LIZARD INVESTORS LLC
    * DIVESTMENT WILL NOT IMPACT ARRANGEMENTS BETWEEN PENGANA
AND
LIZARD REGARDING MANAGEMENT OF PENGANA GLOBAL SMALL COMPANIES
FUND
    * LIZARD DIVESTMENT IS EXPECTED TO BE EARNINGS ACCRETIVE IN
SECOND
HALF OF 2023 FINANCIAL YEAR
    * LIZARD DIVESTMENT IS EXPECTED TO BE EARNINGS ACCRETIVE IN
H2
2023 FY
    * DIVESTMENT WILL RESULT IN REPORTED TOTAL FUNDS UNDER
MANAGEMENT
REDUCING BY CIRCA A$258 MILLION IN H2 2023

Source text for Eikon:  ID:nASX5GLsZk 
Further company coverage:  PCG.AX 
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