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Pengana International Equities Limited (ASX:PIA)

ALERT: Price-sensitive ASX Announcement for PIA
Current share price for PIA : $1.105 -0.21 (-15.97%)+
Announcement
Release
6 Jul 2026 5:43PM
Price at Release
$1.315
Full Release
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Summary
Pengana International Equities Limited has announced the withdrawal of Resolution 2, concerning the conditional voluntary winding up of the company, from their upcoming Extraordinary General Meeting. This decision means that Resolution 2 will not be voted on, and any proxy votes related to it will be disregarded. However, Resolution 1, concerning an off-market equal access buy-back, and other capital management proposals will proceed as planned. If the company's Minimum Viable Entity Threshold is not met following the buy-back, the board may call another meeting to consider unconditional winding up. Conversely, if the threshold is met, they plan to move forward with a proposed Capital Raise. The schedule for the EGM, Special Dividend, and Buy-Back remains unchanged.
Key Points
  • Pengana International Equities Limited announced the withdrawal of Resolution 2 (Conditional Voluntary Winding Up) from the Extraordinary General Meeting.
  • Resolution 2 will not be considered or voted on at the EGM scheduled for 27 July 2026.
  • Proxy votes already submitted regarding Resolution 2 will be disregarded.
  • Resolution 1 and other capital management proposals remain unaffected and will proceed as planned.
  • If the Minimum Viable Entity Threshold is not met post-Buy-Back, a further general meeting may be convened to consider the unconditional winding up of the company.
  • If the threshold is met, the company will proceed with a proposed Capital Raise.
  • The timetable for EGM, Special Dividend, and Buy-Back remains unchanged.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.