PPT
Perpetual Limited
ASX
Change in substantial holding for HLS
Sentiment:
Change of Substantial Holding Notice
21 November 2024 12:33 AM
Perpetual Limited's relevant interest in Healius Limited (HLS) decreased from 14.505% to 13.467% between September 16 and November 19, 2024, due to a series of share sales.
Worse than expected
The decrease in Perpetual Limited's voting power in Healius Limited from 14.505% to 13.467% indicates a reduction in their stake, which is worse than maintaining or increasing their holding.
Summary
- Perpetual Limited, and its related bodies corporate, decreased its voting power in Healius Limited (HLS) from 14.505% to 13.467%.
- This change in substantial holding occurred between September 16, 2024 and November 19, 2024.
- The decrease resulted from various sales of ordinary shares through different custodians, including BNP Paribas Nominees Pty Ltd, Citicorp Nominees Pty Ltd, HSBC Custody Nominees (Australia) Limited, JPMorgan Nominees Australia Limited, National Nominees Pty Ltd, and UBS Nominees Pty Ltd.
- Annexure A details numerous share sale transactions with corresponding cash consideration and the number of votes affected.
- Annexure B lists Perpetual Limited's present relevant interests in Healius Limited's voting securities after the changes.
Sentiment
Score: 5
Explanation: The announcement is neutral; it simply reports a change in shareholding without expressing positive or negative sentiment. The reduction in holding could be interpreted negatively by some investors.
Highlights
- Perpetual Limited's relevant interest in Healius Limited decreased from 14.505% to 13.467%
- The change in substantial holding occurred between September 16, 2024 and November 19, 2024.
- Numerous share sale transactions detailed in Annexure A.
- Total number of votes attached to ordinary shares decreased from 105,322,370 to 97,790,680.
Management Comments
- Sylvie Dimarco, Company Secretary, Perpetual Limited'
Key Dates
- 16/09/2024: Date of the previous substantial holding notice
- 18/09/2024: Date the previous notice was given to the company
- 19/11/2024: Date of the change in substantial holder's interests
- 21/11/2024: Date of the signature on the form
Keywords
substantial holder, Healius Limited, Perpetual Limited, share sale, voting power, change of interests, ordinary shares, Corporations Act 2001
PPT
Perpetual Limited
ASX
Sector: Financial Services
Filings with Classifications
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14 April 2025 6:55 PM
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Half Yearly Report and Accounts
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Worse than expected
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Half Yearly Report and Accounts
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Delay expected
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Half Yearly Report and Accounts
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Worse than expected
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Half Year Results
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Worse than expected
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Company Update
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Worse than expected
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Transaction Update
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Worse than expected
9 December 2024 4:40 PM
Scheme Update
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Delay expected
9 December 2024 4:40 PM
Scheme Update
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Worse than expected
25 November 2024 1:17 AM
Shareholding Change Notice
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Worse than expected
21 November 2024 12:33 AM
Change of Substantial Holding Notice
- The decrease in Perpetual Limited's voting power in Healius Limited from 14.505% to 13.467% indicates a reduction in their stake, which is worse than maintaining or increasing their holding.
Worse than expected
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Substantial Holder Notice
- The results were worse than expected because Perpetual Limited decreased its stake in Infomedia Limited, indicating a potential loss of confidence in the company's future prospects.
Worse than expected
17 October 2024 12:43 AM
Annual General Meeting Results
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Delay expected
16 October 2024 6:54 PM
Annual Report
- The timeline for the shareholder vote on the KKR scheme is subject to regulatory approvals and finalization of tax and duty discussions, potentially causing a delay from the initial target of early 2025.
Worse than expected
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Annual Report
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Better than expected
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Delay expected
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Worse than expected
12 September 2024 6:43 PM
Annual Report
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Delay expected
12 September 2024 6:35 PM
Annual General Meeting Notice
- The allocation of the LTI award to the new CEO is contingent upon the completion of the transaction, which could cause a delay in the award's allocation.
Worse than expected
12 September 2024 6:35 PM
Annual General Meeting Notice
- The statutory net loss after tax of A$472.2 million was significantly worse than expected due to substantial non-cash impairments and other significant items.
Worse than expected
23 July 2024 7:01 PM
Quarterly Business Update
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Better than expected
7 May 2024 8:35 PM
Strategic Review Announcement
- The strategic review resulted in a cash offer that the board considers superior to other alternatives.
- The transaction unlocks significant value for shareholders through the sale of Wealth Management and Corporate Trust at attractive multiples.
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