Nov 3 (Reuters) - Perpetual Ltd (PPT) :
- REJECTION OF CONDITIONAL, NON-BINDING INDICATIVE PROPOSAL
- INDICATIVE PROPOSAL OF A$30.00 CASH PER SHARE 1 MATERIALLY UNDERVALUES PERPETUAL
- GOT UNSOLICITED CONDITIONAL, NON-BINDING INDICATIVE PROPOSAL FROM A CONSORTIUM COMPRISING BPEA PRIVATE EQUITY FUND VIII AND REGAL PARTNERS
- PERPETUAL IS COMMITTED TO PROGRESSING ITS ACQUISITION OF PENDAL GROUP
- BOARD BELIEVES THAT IT IS NOT IN BEST INTERESTS OF ITS SHAREHOLDERS TO ENGAGE ON THIS OFFER AND HAS THEREFORE REJECTED OFFER
- BOARD ADVISES SHAREHOLDERS TO TAKE NO ACTION AT THIS TIME