PNC pioneer credit limited

April 22 (Reuters) - Pioneer Credit Ltd (PNC) : PROPOSED SCHEME...

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    April 22 (Reuters) - Pioneer Credit Ltd (PNC) :

    • PROPOSED SCHEME OF ARRANGEMENT WITH CARLYLE GROUP HAS BEEN TERMINATED
    • PROPOSED SCHEME OF ARRANGEMENT WITH CARLYLE GROUP HAS BEEN TERMINATED
    • BEGAN LEGAL PROCEEDINGS ON DISPUTE WITH CARLYLE UNDER CO'S SYNDICATED FACILITY AGREEMENT
    • NO LONGER SUBJECT TO EXCLUSIVITY PROVISIONS& FREE TO ENGAGE WITH OTHER PARTIES FOR ALTERNATIVE DEAL
    • EXPECTS TO SAVE ABOUT $13M IN INVESTMENT SPEND OVER NEXT 3 MONTHS
    • COMMENCED DISCUSSIONS WITH POTENTIAL THIRD PARTY LENDERS TO REFINANCE ITS DEBT FACILITIES
    • ACTIONS HAVE BEEN TAKEN TO MINIMISE COSTS & POSITION CO TO TRADE THROUGH CURRENT LOCKDOWN PERIOD
    • UNAUDITED MANAGEMENT ACCOUNTS REFLECT MANAGEABLE NET LOSS FOR THIS FINANCIAL YEAR
    • BELIEVES IN MEDIUM TERM IT MAY SEE SOME BENEFITS FROM REDUCTION IN FUTURE PDP PRICING
 
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(20min delay)
Last
59.5¢
Change
0.005(0.85%)
Mkt cap ! $95.62M
Open High Low Value Volume
59.0¢ 60.0¢ 59.0¢ $59.50K 100.3K

Buyers (Bids)

No. Vol. Price($)
1 5000 58.0¢
 

Sellers (Offers)

Price($) Vol. No.
59.5¢ 3836 1
View Market Depth
Last trade - 16.10pm 16/09/2025 (20 minute delay) ?
PNC (ASX) Chart
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