i think its a good announcement. this is what i like1) we have...

i think its a good announcement. this is what i like

1) we have like with every other fund manager had net fum losses but the average amount under administration was similar to ly......so the income from it will be same

2) Perpetual expects expense growth for FY24 to be at the lower end of its previously communicated FY24 expense guidance of 32% - 34% growth for the financial year. Significant items post tax for FY24 are expected to be within the range of A$140 million to A$150
million4 . This includes integration costs relating to the Pendal acquisition, separation and transaction costs related to the Scheme of Arrangement with KKR, costs relating to acquired intangibles amortisation, unrealised gains/losses on financial assets, as well as fair value movements on accrued
incentive compensation.

3) The integration of Pendal Group has progressed well. Perpetual confirms that it remains ahead of plan on its targeted A$80 million5 of synergies as at 30 June 2024.

4) The estimated cash proceeds of KKR transaction will be communicated to shareholders at Perpetual’s FY24 results on 29th of August 2024.