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Showing 1 - 10 of 42 results for "PEXA"

Link shakes up board, names super industry veteran

KARREN VERGARA  |  FRIDAY, 13 OCT 2023
... divesting Fund Solutions and the Banking & Credit Management businesses, as well as the demerger and in-specie distribution of PEXA. In light of these changes, Link chair Michael Carapiet said the group determined it is the right time to commence an ...

Super, retirement unit cushions Link's massive loss

KARREN VERGARA  |  MONDAY, 28 AUG 2023
... Fund settlement and associated redress continues. Link's loss would have worsened if it had not sold its 10% interest in PEXA during the period in return for a gain of $406.8 million. The sale of the Banking and Credit Management unit generated $120.1 ...

Link Group to cop $418m loss

JAMIE WILLIAMSON  |  THURSDAY, 3 AUG 2023
... completes in FY24. Link added that its results will also be impacted by a gain of about $407 million related to the divestment of PEXA, a non-cash impairment of -$368 million on Link Fund Solutions, a non-cash impairment of -$25.3 million on Banking ...

Mortgage holders, retailers relax after rate pause

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2023
... seeking better deals on their home loans, with the proportion of borrowers looking to refinance climbing to 52% during July." PEXA data shows that loan refinancing volumes rose sharply since April 2023, recently hitting a new record high of 203.2 points. ...

Link Group sells Funds Solutions, settles with FCA

CASSANDRA BALDINI  |  THURSDAY, 20 APR 2023
... with the FCA," he explained. "Together with the sale of our BCM business and the in-specie distribution of Link Group's PEXA shareholding to Link Group shareholders, Link Group emerges as a simpler, more focused company driven by two market leading ...

Link due to settle defunct Woodford fund with FCA

KARREN VERGARA  |  MONDAY, 20 FEB 2023
... earnings before interest and taxes, which has increased about 12% compared to the prior corresponding period. The sale of Pexa is due to earn fair value gain of approximately $322 million. Dye & Durham was poised to takeover Link Group. This fell through ...

Court approves Pendal takeover

JAMIE WILLIAMSON  |  WEDNESDAY, 11 JAN 2023
... the acquisition. On Friday, Pendal will be removed from the S&P/ASX 200 Index by Dow Jones Indices. It will be replaced by PEXA Group.

Link Group offloads PEXA stake

ANDREW MCKEAN  |  MONDAY, 21 NOV 2022
Link Group has sold 10% of its existing 42.77% shareholding in PEXA Group for $101.9 million, with the net proceeds to be used to pay down debt. The PEXA selldown was executed at $13.50 per share; settlement is expected to occur on November 23. The ...

Link seeks to offload Fund Solutions

ANDREW MCKEAN  |  THURSDAY, 20 OCT 2022
... evaluate alternatives for the business, including an in specie distribution of a minimum of 80% of Link Group's shareholding in PEXA.

Link acquisition deal terminated

ANDREW MCKEAN  |  MONDAY, 26 SEP 2022
... intends to evaluate alternatives for the business, including an in-specie distribution of 80% of Link Group's shareholding in PEXA, to maximise value for shareholders. The administrator also reaffirmed its FY23 guidance with revenue projected to increase ...
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