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Perpetual Limited (ASX:PPT)

ALERT: Price-sensitive ASX Announcement for PPT
Current share price for PPT : $19.310 -0.87 (-4.31%)+
Announcement
Release
29 Jul 2026 9:16AM
Price at Release
$20.180
Full Release
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Summary
Perpetual Limited has announced it received a further revised non-binding indicative proposal from EQT AB to acquire 100% of its shares at A$22.50 per share. After careful evaluation, Perpetual's Board determined the proposal was not in the best interests of its shareholders. However, the company will provide EQT with limited non-public information to potentially improve their offer. Shareholders are advised that no immediate action is necessary. Perpetual is confident in executing its ongoing strategic initiatives, such as the Simplification Program and the sale of its Wealth Management segment. BofA Securities and Mallesons have been appointed as their financial and legal advisers, respectively.
Key Points
  • Perpetual Limited received a further revised non-binding indicative proposal from EQT AB.
  • The proposal involved acquiring 100% of Perpetual shares at A$22.50 per share through a scheme of arrangement.
  • Perpetual's Board concluded the proposal was not in the best interests of shareholders.
  • Perpetual will offer EQT access to limited non-public information under certain conditions.
  • Shareholders are not required to take any action based on the current proposal.
  • Perpetual remains confident in its strategy, including its Simplification Program and the sale of Wealth Management.
  • Perpetual has engaged BofA Securities and Mallesons for financial and legal advice.
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.