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- Release Date: 07/04/14 16:17
- Summary: ASSET: PGC: Further value from the sale of Perpetual Trust Limited
- Price Sensitive: No
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PGC
07/04/2014 14:17
ASSET
REL: 1417 HRS Pyne Gould Corporation Limited
ASSET: PGC: Further value from the sale of Perpetual Trust Limited
7 April 2014
Further value from the sale of Perpetual Trust Limited
On 14 January 2014, PGC announced the finalisation of the sale of Perpetual
Trust Limited and advised further sale consideration was payable from certain
corporate events relating to PTL in the future.
Following discussions with PTL regarding that company's likely participation
in future industry consolidation, the parties have agreed this further sale
consideration will be fixed at $22 million. Whilst precise timing is not
possible to determine, PGC anticipates it will receive payment by
approximately year's end.
For more information, please contact:
David Lewis +64-21-976 119
End CA:00249206 For:PGC Type:ASSET Time:2014-04-07 14:17:11
