Announcement - Issue of Shares
24 Dec 2004
On 24 September 2004, Perpetual Trustees Australia Limited announced that an issue of shares would be made to the trustee of a share plan to be established for the benefit of the employees of Perpetual's global equities business by 24 December 2004. An application is being made to the Irish Revenue Commissioners in relation to the share plan. The issue of shares will be made when confirmation is received from the Irish Revenue, which is expected to be prior to 28 February 2005.
A further issue of Perpetual ordinary shares to the value of approximately A$900,000 will be made to the plan trustee by 1 May 2005 for a future participant in the plan. The issue price of these shares will be determined as the weighted average price of Perpetual shares traded in the five trading days up to the relevant employee's commencement date with Perpetual. There is no requirement for shareholder approval for the issue of these shares.