By Digifin Pty Ltd · About this coverage
Key Points
- 151,075,060 shares cancelled, about 58.6% of pre-buy-back capital; 106,900,785 shares remain
- Buy-back price $1.2132 per share; about $183.28 million payable to participants
- Payments expected between 6 and 9 October 2026
- Directors Jollie, Wilson and Hamilton resign; Frank Gooch appointed interim Chair
- Portfolio to move to Antipodes Global SMID; no 6 October rights issue announcement
About Pengana International Equities (ASX:PIA)
Pengana International Equities Limited is an ASX-listed investment company headquartered in Sydney. It invests in a portfolio of international equities for shareholders and has appointed Antipodes Partners as sub-investment manager for its global small and mid-cap strategy.
Pengana International Equities (ASX:PIA) completed its share buy-back, cancelling accepted shares and setting the buy-back price, and announced related board changes.
It bought back and cancelled 151,075,060 ordinary shares, about 58.6% of the 257,975,845 shares on issue beforehand, leaving 106,900,785 shares on issue. The buy-back price is $1.2132 per share after transaction costs of $0.0015 per share, based on after-tax NTA at 25 September 2026, with about $183.28 million payable to participating shareholders between 6 and 9 October 2026. Brett Jollie, Geoffrey Wilson and Jesse Hamilton resigned as directors; Frank Gooch was appointed interim Chair. The reconstituted board says the Minimum Viable Entity Threshold continues to be met, so no winding-up resolution will be put to shareholders. The portfolio is to transition to the Antipodes Global Small and Mid-Cap strategy after Antipodes Partners' appointment as sub-investment manager, with a detailed timetable to follow. No rights issue announcement will be made on 6 October 2026 while the new board reviews capital management alternatives.
Transition timing for the Antipodes strategy and any recapitalisation decision remain to be announced.
Source: Pengana International Equities Limited (ASX:PIA), 30 September 2026. Summary content supplied by Digifin Pty Ltd.
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