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INSIGNIA FINANCIAL LTD — M&A Activity 2013
Sep 2, 2013
65104_rns_2013-09-02_eb01b6f0-19c5-49df-bd7b-cb7fad6600dc.pdf
M&A Activity
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ASX Announcement
Proposed acquisition of The Trust Company
3 September 2013
On 7 May 2013, Perpetual Limited (Perpetual) announced it had entered into an agreement with The Trust Company under which Perpetual proposed to acquire all of the ordinary shares in The Trust Company.
The Trust Company’s Board unanimously recommended that, in the absence of a superior offer, shareholders accept the proposal.
Perpetual notes the announcement made today by The Trust Company that it has received a proposal from IOOF Holdings Limited.
The Scheme Implementation Agreement between Perpetual and The Trust Company provides Perpetual with three business days in which to respond should the Trust Company consider any offer superior.
For further information, please contact:
Investors: Mike Woods General Manager Corp Finance & Affairs Perpetual Limited
Media:
Yves Noldus Senior Manager Communications Perpetual Limited
Tel: 02 9229 3449
Tel: 02 9229 9893
About Perpetual
Perpetual is an independent financial services group operating in funds management, financial advisory and trustee services. Our origin as a trustee company, coupled with our strong track record of investment performance, has created our reputation as one of the strongest brands in financial services in Australia. For further information, go to www.perpetual.com.au
Angel Place, Level 12, 123 Pitt Street Tel +612 9229 9000 Sydney NSW 2000, Australia Fax +612 8256 1494 GPO Box 4172, Sydney NSW 2001, Australia [email protected]
Perpetual Limited ABN 86 000 431 827