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Pepper Money Limited (ASX:PPM)

ALERT: Price-sensitive ASX Announcement for PPM
Current share price for PPM : $1.815 0.135 (8.04%)+
Announcement
Release
25 Mar 2026 8:44AM
Price at Release
$1.680
Full Release
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Summary
Challenger Limited announced that its non-binding and conditional proposal to acquire Pepper Money Limited, in collaboration with Pepper Group ANZ HoldCo Limited, has been deemed not executable by Pepper Money's Independent Board Committee. Consequently, Pepper Money has decided not to pursue the Revised Proposal. Despite this, Challenger has expressed gratitude towards Pepper Money for their cooperation during the process and looks forward to maintaining their commercial relationship. Additionally, Challenger has received the necessary regulatory approvals for its planned buy-back of up to $150 million of ordinary shares on the market.
Key Points
  • Non-binding proposal to acquire Pepper Money deemed non-executable.
  • Pepper Money decides not to proceed with Challenger's Revised Proposal.
  • Challenger appreciates Pepper Money's engagement during the process.
  • Challenger will continue its commercial relationship with Pepper Money.
  • Regulatory approvals received for $150 million share buy-back.
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.