InvestSMART

Pepper Money Limited (ASX:PPM)

ALERT: Price-sensitive ASX Announcement for PPM
Current share price for PPM : $1.725 0.045 (2.68%)+
Announcement
Release
25 Mar 2026 8:38AM
Price at Release
$1.680
Full Release
download
Summary
On 25 March 2026, Pepper Money Limited announced the cessation of discussions with Challenger Limited regarding a revised non-binding indicative proposal at a price of A$2.25 per share. The Independent Board Committee (IBC) of Pepper Money determined that the proposal was not reasonably capable of execution and decided to terminate the discussions. Despite this, Pepper Money continues to see growth opportunities, with mortgage and asset finance applications showing a 21% increase for the first two months of 2026 compared to the same period in 2025, and originations up by 34%. The company is also committed to its capital management initiatives, including a fully franked final dividend for CY2025.
Key Points
  • Cessation of discussions with Challenger Limited.
  • Revised proposal from Challenger at A$2.25 per share deemed non-executable.
  • Pepper Money's growth in mortgage and asset finance applications.
  • 21% increase in applications for first two months of 2026 vs. 2025.
  • 34% increase in originations compared to the same period in 2025.
  • Commitment to capital management and dividend payments.
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.