InvestSMART

Pepper Money Limited (ASX:PPM)

ALERT: Price-sensitive ASX Announcement for PPM
Current share price for PPM : $1.870 -0.24 (-11.37%)+
Announcement
Release
17 Mar 2026 9:40AM
Price at Release
$2.110
Full Release
download
Summary
Pepper Money Limited has received a revised non-binding indicative offer from Challenger Limited, reducing the initial proposal from A$2.60 to A$2.25 per share due to changing market conditions. This revised offer includes the CY2025 final dividend and any special dividends, and is stated to be Challenger's best and final offer unless a superior proposal emerges. The Independent Board Committee of Pepper Money is evaluating the revised offer, and shareholders are advised not to take any action yet. Pepper Money will continue to keep the market updated as per its disclosure obligations.
Key Points
  • Challenger Limited reduces offer from A$2.60 to A$2.25 per share.
  • Revised offer includes CY2025 final dividend and any special dividend.
  • Challenger's revised proposal is its best and final offer.
  • Independent Board Committee to consider the revised proposal.
  • Shareholders advised not to take any action yet.
  • Pepper Money will update the market as required.
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.