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Perpetual Limited (ASX:PPT)

ALERT: Price-sensitive ASX Announcement for PPT
Current share price for PPT : $19.210 1.11 (6.13%)+
Announcement
Release
1 Jul 2026 5:16PM
Price at Release
$18.100
Full Release
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Summary
Perpetual Limited announced that it has received and rejected a non-binding indicative proposal from Windflower Pte Limited to acquire all shares in the company through a Scheme of Arrangement. The proposal offered shareholders A$21.64 per share, subject to deductions for dividends or distributions, but was considered highly conditional and not reflective of fair value. The Board determined the proposal was not in the best interests of shareholders, thus rejecting it and advising shareholders that no action is required on their part. Perpetual will continue to update shareholders according to its disclosure obligations.
Key Points
  • Perpetual Limited received an unsolicited, non-binding, conditional, and indicative proposal from Windflower Pte Limited.
  • The proposal involved acquiring all shares in Perpetual via a Scheme of Arrangement.
  • Shareholders would have received A$21.64 cash per share, reduced by dividends or distributions.
  • The proposal was deemed highly conditional and not representative of fair value.
  • Perpetual's Board rejected the proposal, considering it not in shareholders' best interests.
  • Shareholders are not required to take any action regarding the proposal.
  • The company committed to keeping shareholders informed per continuous disclosure obligations.
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.