What are your thoughts on participating in Pendal Group’s Share Purchase Plan?

Hi Paul, I would greatly appreciate your thoughts on participating in Pendal Group’s Share Purchase Plan?

A: Prima facie, it is a “no-brainer” to accept, with the new shares being issued at a maximum price of $6.80 and Pendal currently trading at $7.50. There is a maximum application of $30,000 (which could be scaled back). The offer closes on 7 June.

If you don’t want own any further Pendal shares, one option is to sell some now on the ASX at circa $7.50 and replace in the SPP at $6.80.


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