InvestSMART

Perpetual Limited (ASX:PPT)

ALERT: Price-sensitive ASX Announcement for PPT
Current share price for PPT : $19.750 0.54 (2.81%)+
Announcement
Release
17 Jul 2026 5:04PM
Price at Release
$19.210
Full Release
download
Summary
Perpetual Limited, an ASX-listed company, rejected a revised non-binding proposal from EQT AB to acquire the company at A$22.07 per share. The proposal, which was a slight increase from a previous offer, was deemed inadequate by Perpetual's Board after consulting with financial and legal advisers. The Board concluded that the proposal did not represent fair value for Perpetual shareholders and was not in their best interests. Consequently, shareholders are not required to take any action, and the company will keep them updated under its disclosure obligations.
Key Points
  • Perpetual Limited rejected a revised non-binding indicative proposal from EQT AB.
  • The proposal involved acquiring 100% of Perpetual shares at A$22.07 per share.
  • The offer was a 2% increase from EQT AB's original proposal of A$21.64 per share.
  • Perpetual's Board deemed the proposal not in the best interests of shareholders.
  • No action is required from shareholders concerning this proposal.
  • Perpetual will continue to update shareholders as 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.