Regal Partners Limited (ASX:RPL) has responded to recent media speculation regarding a potential transaction with Platinum Asset Management Limited (ASX:PTM). Regal has confirmed that it provided Platinum with a confidential, non-binding, indicative proposal consistent with the terms outlined in Platinum's announcement. The discussions between Regal and Platinum are preliminary and incomplete, with no certainty at this time that they will lead to a transaction. Regal continues to evaluate organic and inorganic growth opportunities as highlighted in its recent 1H24 Financial Results presentation.
Regal and Platinum have been constructively working together to firm up the merits of the combination. Any potential combination would need to be determined by the Regal Board to be in the best interests of, and accretive to, Regal shareholders. Regal is aware of its obligations under the continuous disclosure rules and will keep the market informed accordingly.
Regal Partners Limited (ASX:RPL) has confirmed providing Platinum with a non-binding proposal and ongoing discussions with Platinum. The company continues to evaluate organic and inorganic growth opportunities as part of its broader growth ambitions. The potential combination with Platinum would need to be determined by the Regal Board to be in the best interests of, and accretive to, Regal shareholders. Regal is committed to keeping the market informed in accordance with its continuous disclosure obligations.