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Perpetual Limited (ASX:PPT)

ALERT: Price-sensitive ASX Announcement for PPT
Current share price for PPT : $18.960 3.45 (22.24%)+
Announcement
Release
5 Jun 2026 8:56AM
Price at Release
$15.510
Full Release
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Summary
Perpetual Limited has announced the acquisition of a 70% stake in Interfi Systems Pty Ltd, a technology provider for the non-bank lending sector, as part of its strategy to expand its Corporate Trust and Digital Markets division. This acquisition, expected to be completed by the end of June, will be funded through internally generated cashflows and is anticipated to reduce Perpetual's gross debt by approximately 15% by 30 June 2026. This strategic move aims to support long-term growth and maintain strong market leadership within Perpetual's Corporate Trust sector. Interfi's founder, Michael Dilworth, will remain with the company.
Key Points
  • Perpetual Limited agrees to acquire 70% of Interfi Systems Pty Ltd.
  • Interfi Systems is a technology provider for the non-bank lending sector.
  • The acquisition will be funded from internally generated cashflows.
  • Perpetual expects gross debt to decrease by approximately 15% by 30 June 2026.
  • The acquisition is part of Perpetual's strategy to grow its Corporate Trust and Digital Markets division.
  • Michael Dilworth, Interfi's Founder, will continue with the business.
  • Completion of the acquisition is expected before the end of June, subject to conditions.
  • Perpetual continues to maintain strong market leadership in Corporate Trust.
  • The transaction supports Perpetual’s strategy for long-term growth.
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.