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PPM Pepper Money News Story

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Brief: Pepper Money Announces Cessation Of Discussions With Challenger

March 25 (Reuters) - Pepper Money Ltd PPM.AX:

CESSATION OF DISCUSSIONS WITH CHALLENGER

CESSATION OF DISCUSSIONS WITH CHALLENGER IN RELATION TO NON-BINDING AND INDICATIVE PROPOSAL

IBC HAS DETERMINED THAT REVISED PROPOSAL IS NOT REASONABLY CAPABLE OF EXECUTION.

IBC HAS DECIDED NOT TO PROCEED WITH TRANSACTION AND DISCUSSIONS WITH CHALLENGER IN RELATION TO REVISED PROPOSAL HAVE NOW CEASED.

Further company coverage: PPM.AX

 ((Reuters.Briefs@thomsonreuters.com;))

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