Brief: Washington H Soul Pattinson And Company Notes Announcement From Perpetual

Washington H. Soul Pattinson and

06/12/2023 05:55

Dec 6 (Reuters) - Washington H Soul Pattinson and
Company Ltd  SOL.AX :
    * NOTES ANNOUNCEMENT FROM PERPETUAL ON 6 DECEMBER THAT IT
INTENDS
TO EXPLORE POTENTIAL SEPARATION
    * WHSP WELCOMES PERPETUAL'S POTENTIAL SEPARATION OF ITS
CORPORATE
TRUST AND WEALTH MANAGEMENT BUSINESSES
    * ON 21 NOV, SUBMITTED A NON-BINDING, INDICATIVE OFFER TO
BUY 100%
OF SHARES OF PERPETUAL  NOT ALREADY OWNED
    * UNDER PROPOSAL, WHSP WOULD ACQUIRE 100% OF THE SHARES IN
PERPETUAL VIA SCHEME  OF ARRANGEMENT
    * UNDER PROPSAL, TO UNDERTAKE A SIMULTANEOUS DEMERGER OF
PERPETUAL
ASSET MANAGEMENT
    * INDICATIVE PROPOSAL IMPLIES EQUITY VALUE OF A$3,060
MILLION
    * PROPOSAL REPRESENTS A VALUE OF A$27.00 PER PERPETUAL SHARE

Source text for Eikon:  ID:nASX2H7VdV 
Further company coverage:  SOL.AX 

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