InvestSMART

Pepper Money Limited (ASX:PPM)

ALERT: Price-sensitive ASX Announcement for PPM
Current share price for PPM : $1.615 -0.145 (-8.24%)+
Announcement
Release
9 Feb 2026 8:26AM
Price at Release
$1.760
Full Release
download
Summary
Pepper Money Limited confirmed receipt of a confidential, non-binding, and conditional proposal from Challenger Limited to acquire 100% of its shares under a scheme of arrangement. The proposal involves Challenger and Pepper Group ANZ HoldCo Limited jointly acquiring Pepper Money, with Pepper Group maintaining an interest equivalent to its current stake. The proposal offers Pepper Money shareholders, except Pepper Group, a cash consideration of $2.60 per share, adjusted for dividends. An Independent Board Committee was set up to evaluate the proposal and granted Challenger exclusivity for due diligence. Discussions are ongoing, and there's no certainty of a definitive agreement. Financial and legal advisors have been appointed to assist with the process.
Key Points
  • Pepper Money received a proposal from Challenger Limited.
  • Proposal to acquire 100% of shares in Pepper Money.
  • Cash consideration of $2.60 per share offered.
  • Independent Board Committee established to assess the proposal.
  • Grant of exclusivity to Challenger for due diligence.
  • No certainty of a definitive agreement.
  • Advisors appointed: Jefferies Australia, Reunion Capital Partners, and Gilbert & Tobin.
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.