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Showing 501 - 510 of 2737 results for "Shareholders"

Link Group offloads PEXA stake

ANDREW MCKEAN  |  MONDAY, 21 NOV 2022
... PEXA selldown, Link proposed to proceed with an in-specie distribution of the remainder of its PEXA shares to its shareholders (distribution), subject to matters including shareholder approval. Link shareholder approval is proposed to be sought in December ...

Pendal, Perpetual amend deal terms

JAMIE WILLIAMSON  |  THURSDAY, 17 NOV 2022
... was reached to further strengthen the balance sheet and enhance the combined group's flexibility. Now, Pendal shareholders will receive one Perpetual share for every seven Pendal shares, as well as $1.65 per share. Under the previous offer, Pendal ...

Magellan seeks $1m increase to director fees

ANDREW MCKEAN  |  TUESDAY, 15 NOV 2022
... million. Magellan has scheduled an Extraordinary General Meeting to vote on the matter on December 14. The last time shareholders approved an increase in non-executive directors' remuneration cap was at the company's Annual General Meeting in ...

Experts weigh in on Brookfield bid for Origin

RACHEL ALEMBAKIS  |  FRIDAY, 11 NOV 2022
Super funds and other shareholders could be in a position for a second time this year to approve a proposal to privatise an electricity provider, as Brookfield and MidOcean Energy bid to take over Origin Energy. Brookfield and MidOcean, an LNG company ...

Perpetual, Pendal deal on shaky ground

JAMIE WILLIAMSON  |  FRIDAY, 11 NOV 2022
... scheme is feasible given recent developments, adding that it needs to fulfil its fiduciary and statutory duties to its shareholders. Since first agreeing to the scheme, Pendal has experienced outflows of about 10% of assets under management while Perpetual ...

Perpetual knocks back second takeover offer

JAMIE WILLIAMSON  |  THURSDAY, 10 NOV 2022
... director Brendan O'Connor said. "We firmly believe the improved proposal creates significantly more value for Perpetual shareholders as compared to the Pendal transaction, requiring only limited engagement to progress the improved proposal so as to maximise ...

Pendal reports underlying profit up 17%

ANDREW MCKEAN  |  FRIDAY, 4 NOV 2022
... Perpetual's chief risk officer. A scheme booklet, which will provide more details on the offer, is expected to be issued to shareholders in November ahead of the scheme meeting, which is targeted for December. On the deal update, Good said: "The ...

Perpetual rejects takeover bid by consortium

JAMIE WILLIAMSON  |  THURSDAY, 3 NOV 2022
... offer is uncertain and conditional, and the Perpetual board believes that it is not in the best interests of its shareholders to engage on this offer and has therefore rejected the offer," Perpetual said. Perpetual oversees about $200 billion and is ...

ClearView abandons potential takeover transactions

ANDREW MCKEAN  |  WEDNESDAY, 2 NOV 2022
... Standard, ClearView began its strategic review process in September 2021, with the objective of maximising value for all shareholders, determining the optimal future direction of ClearView to protect and enhance customer and policyholder outcomes, and ...

ASIC takes first action over greenwashing

ANDREW MCKEAN  |  THURSDAY, 27 OCT 2022
... otherwise making sustainability-related claims and urge companies and their advisers to ensure their communication to shareholders, members and the broader market is accurate and has a reasonable basis. "Companies are on notice that ASIC is actively ...