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Showing 71 - 80 of 2397 results for "Shareholders"

AMP shareholder class action settlement slashed

KARREN VERGARA  |  MONDAY, 9 OCT 2023
Disgruntled AMP shareholders are set to receive $84 million out of the $110 million class action settlement after legal fees are taken out should the court approve the proposed amount. Maurice Blackburn will take a $26 million cut of the settlement ...

Iress completes $52m sale of MFA business to SS&C

ANDREW MCKEAN  |  TUESDAY, 3 OCT 2023
... "diluted earnings, distracted focus, and reduced its ability to consistently deliver satisfactory returns on capital to shareholders," prompting the decision to divest from underperforming or non-strategic assets. In an ASX announcement, Iress chief ...

Regal dumps bid for Pacific Current Group

JAMIE WILLIAMSON  |  THURSDAY, 28 SEP 2023
... managing director Brendan O'Connor saying he believed a deal "would create meaningful long-term value for both shareholders and clients." Today, Regal has withdrawn its proposal, saying that it has only received "limited and high-level due diligence ...

AMP challenges BOLR court ruling

KARREN VERGARA  |  WEDNESDAY, 27 SEP 2023
... in November. TAA chief executive Neil Macdonald welcomed the mediation but said that "in the interests of AMP, its shareholders, and past and current AMP-licensed members of TAA, the matter should be resolved as quickly as possible". "We are extremely ...

Colonial First State appoints inaugural chief executive

CHLOE WALKER  |  TUESDAY, 26 SEP 2023
... executive to run the overall day to day business. He said it is consistent with the plan that was put in place with shareholders in 2021 when KKR took over 55% of the group. The new recruit is to commence in the role on January 15, until which Coombe ...

Count to take over Diverger

KARREN VERGARA  |  FRIDAY, 22 SEP 2023
... implementation deed in which Count will acquire 100% of Diverger. Count is set to pay $45.3 million for Diverger. Diverger shareholders will receive consideration comprising 1.38 Count ordinary shares plus $0.367 in cash per Diverger share. This implies ...

ARK Invest acquires European ETF issuer

ANDREW MCKEAN  |  THURSDAY, 21 SEP 2023
... products to a larger audience, particularly European and UK investors who have not had access to our ETFs. Existing shareholders in ARK ETFs should not be impacted, except perhaps by the benefit of increased trading liquidity in our funds," the statement ...

Ironbark, Invest Blue to create $64bn powerhouse

CASSANDRA BALDINI  |  THURSDAY, 14 SEP 2023
... scale, and expertise. It will accelerate our ability to enhance our value proposition to our clients, people, and shareholders," he said. "For clients, we always look for ways to add value to ensure we deliver best-in-class advice, service and solutions." ...

Priority Advisory Group, Wise Planners merge

KARREN VERGARA  |  WEDNESDAY, 13 SEP 2023
... together two complementary, high-quality businesses to build a compelling proposition for employees, clients, and shareholders, in line with AZ NGA's Future Firm philosophy and strategy. "There is an increasing realisation that running a highly efficient ...

Platinum AM reports almost $1bn in outflows

ANDREW MCKEAN  |  FRIDAY, 8 SEP 2023
... offer details, GQG chief executive Tim Carver said: "We believe we can put forward both a compelling proposal to PAC shareholders, and that we will be viewed as strategically compelling to both PAC's underlying portfolio companies and management ...