Brief: Perpetual Ltd Announces Termination Of Scheme With KKR

Perpetual

24/02/2025 01:24

Feb 24 (Reuters) - Perpetual Ltd  PPT.AX :
    * TERMINATION OF SCHEME WITH KKR
    * BOARD HAS WITHDRAWN ITS RECOMMENDATION IN FAVOUR OF SCHEME
AND
SCHEME IMPLEMENTATION DEED (SID) HAS BEEN TERMINATED
    * INDEPENDENT EXPERT CONCLUDES THAT SCHEME AGREED WITH KKR
ON 8
MAY 2024 IS NOT IN BEST INTERESTS OF SHAREHOLDERS
    * NO ALTERNATIVE TRANSACTION HAS BEEN AGREED
    * HAS ALSO DETERMINED TO PURSUE A SALE OF WEALTH MANAGEMENT
BUSINESS
    * ON COMPLETION OF 1H25 RESULTS, GREGORY COOPER WILL BECOME
CHAIRMAN

Further company coverage:  PPT.AX 

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