Nov 17 (Reuters) - Pendal Group Ltd (PDL) :
- UPDATE ON SCHEME OF ARRANGEMENT
- PENDAL AND PERPETUAL HAVE TODAY AGREED AN AMENDMENT TO THE SCHEME IMPLEMENTATION DEED
- COURT RESERVED ITS DECISION WHICH IS EXPECTED TO CLARIFY REMEDIES AVAILABLE IN SITUATION
- SCHEME IMPLEMENTATION DEED MAKES INCREASES SCRIP COMPONENT OF SCHEME CONSIDERATION TO 1 PERPETUAL SHARE FOR EVERY 7 PENDAL SHARES
- AGREED A REDUCTION OF CASH COMPONENT OF SCHEME CONSIDERATION TO A$1.650 PER PENDAL SHARE
- PARTIES HAVE ALSO AGREED TO PROCEED TO A FIRST COURT HEARING FOR SCHEME IN WEEK COMMENCING MONDAY, 21 NOVEMBER 2022
- SID CONSIDERATION MIX AND THE REVISED CONSIDERATION MIX HAVE THE SAME IMPLIED VALUE OF A$6.54
- BOARD'S RECOMMENDATION IS SUBJECT TO AN INDEPENDENT EXPERT CONCLUDING SCHEME IS IN BEST INTERESTS OF PENDAL SHAREHOLDERS
- PENDAL BOARD CONTINUES TO UNANIMOUSLY RECOMMEND PENDAL SHAREHOLDERS VOTE IN FAVOUR OF SCHEME IN ABSENCE OF A SUPERIOR PROPOSAL
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Last
$19.38 |
Change
-0.160(0.82%) |
Mkt cap ! $2.222B | |||
| Open | High | Low | Value | Volume |
| $19.60 | $19.78 | $19.35 | $4.324M | 221.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 594 | $19.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.42 | 461 | 3 |
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| Last trade - 16.10pm 12/09/2025 (20 minute delay) ? |
| PPT (ASX) Chart |