Trust Co approves Perpetual merger

Shareholders in The Trust Company have approved the merger proposed by Perpetual, with 78% of votes and 83% of holders being in favour. The scheme of arrangement now needs to get court approval, which is scheduled for 3 December and should be formality. The scheme will then take effect on 4 December. Perpetual’s share price has dipped slightly following the announcement, presumably as the market anticipates some selling from Trust Company shareholders. However, we think it should be a good deal for Perpetual over the long term, offering something to each of the company’s three divisions: Corporate Trust, Perpetual...

Shareholders in The Trust Company have approved the merger proposed by Perpetual, with 78% of votes and 83% of holders being in favour. The scheme of arrangement now needs to get court approval, which is scheduled for 3 December and should be formality. The scheme will then take effect on 4 December.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles