Regal Partners' response to Platinum Asset Management's update

Regal Partners Limited (ASX:RPL) has confirmed that it has signed a confidentiality deed and will shortly enter a period of due diligence with Platinum Asset Management Limited (ASX:PTM). The purpose of this diligence is to further establish the merits and value of the proposed combination and determine whether any improved offer would be in the best interest of, and accretive to, Regal shareholders. The discussions remain preliminary and incomplete, and there is no certainty that they will lead to an improved offer or a transaction.

Executive Commentary

The purpose of the due diligence with Platinum Asset Management is to carefully evaluate the potential combination and assess its benefits for Regal shareholders. We are committed to acting in the best interest of our shareholders and will consider any improved offer that aligns with this commitment. However, it's important to note that at this stage, the discussions are in the early phases and may not necessarily result in a transaction. We will provide further updates as the process unfolds.

Summary of Regal Partners' Response

Regal Partners Limited (ASX:RPL) has responded to Platinum Asset Management's update by confirming the signing of a confidentiality deed and the commencement of due diligence. The purpose of this due diligence is to assess the potential combination and its value for Regal shareholders. While there is no certainty that this will lead to an improved offer or a transaction, Regal Partners remains committed to acting in the best interest of its shareholders. The company will continue to provide updates as the process progresses.