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PM Capital Global Opportunities Fund Limited (ASX:PGF)

ALERT: Price-sensitive ASX Announcement for PGF
Current share price for PGF : $3.060 0.9 (41.67%)+
Announcement
Release
8 Apr 2025 10:05AM
Price at Release
$2.160
Full Release
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Summary
PM Capital Global Opportunities Fund Limited (PGF) expressed its surprise at the conclusions drawn by the Boards of Platinum Capital Limited (PMC) and Platinum Asia Investments Limited (PAI), which stated that PGF's proposals to acquire 100% of PMC and PAI were not superior to their existing Platinum Schemes. PGF argues that its proposals offer better financial outcomes for shareholders compared to the Platinum Schemes and have incurred no transaction costs for them, unlike the current arrangements. Furthermore, PGF has highlighted its better investment performance over recent years and remains open to future discussions with PMC and PAI regarding their proposals.
Key Points
  • PGF surprised by PMC and PAI's conclusion on acquisition proposals.
  • PGF believes its proposals offer better financial outcomes for shareholders.
  • PGF's proposals would incur no transaction costs for PMC and PAI shareholders.
  • PGF has delivered significantly better investment performance than PMC and PAI.
  • PGF remains open to future discussions with PMC and PAI.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.