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Perpetual Limited (ASX:PPT)

ALERT: Price-sensitive ASX Announcement for PPT
Current share price for PPT : $16.890 -2.81 (-14.26%)+
Announcement
Release
21 Aug 2026 9:06AM
Price at Release
$19.700
Full Release
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Summary
Perpetual Limited announced a non-cash impairment charge of A$63.5 million against the goodwill of Thompson, Siegel & Walmsley LLC (TSW) due to a client's intention to redeem approximately US$4.6 billion from TSW’s International Equity strategy. This impairment will be recognized as a Significant Item in the FY26 financial statements, despite the notification being received after the fiscal year-end, as it was deemed an adjusting event. This charge does not affect the company's liquidity, banking covenants, or the financial metric determining its dividend payout ratio. Further information will be provided in Perpetual's FY26 results, expected to be released on August 27, 2026.
Key Points
  • Non-cash impairment charge of A$63.5 million for TSW
  • Client redemption of US$4.6 billion from TSW
  • Impact recognized as Significant Item in FY26 results
  • Charge does not affect liquidity, banking covenants, or dividend payout
  • Further details to be released on August 27, 2026
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.