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}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've 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 activate your membership

If you didn't receive SMS code please

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

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles