Aug 25 (Reuters) - Pendal Group Ltd (PDL) : ENTERED INTO A...

Aug 25 (Reuters) - Pendal Group Ltd (PDL) :

• ENTERED INTO A SCHEME IMPLEMENTATION DEED WITH PERPETUAL
• PROPOSED DEAL FOR 1 PERPETUAL SHARE FOR EVERY 7.5 PENDAL SHARES PLUS A$1.976 CASH FOR EACH PENDAL SHARE
• PENDAL'S BOARD UNANIMOUSLY RECOMMENDS THAT SHAREHOLDERS VOTE IN FAVOUR OF SCHEME
• SCHEME CONSIDERATION IMPLIES AN EQUITY VALUE FOR PENDAL OF A$2.5 BILLION
• SCHEME CONSIDERATION IMPLIES AN ENTERPRISE VALUE FOR PENDAL OF A$2.3 BILLION
• SCHEME CONSIDERATION WILL BE REDUCED BY ANY FINAL FY22 PENDAL DIVIDEND
• PROPOSED DEAL FOR IMPLIED VALUE OF A$6.54 PER PENDAL SHARE ON AN UNDISTURBED BASIS