In early 2013, The Trust Company was approached by a number of parties expressing interest in acquiring the company. Following a comprehensive process to maximise value for shareholders, the Board determined that the proposal from Perpetual Limited (“Perpetual”) was the most attractive and was in shareholders’ best interests.
On 3 December, the Supreme Court of New South Wales approved the Scheme under which Perpetual Limited acquired The Trust Company and on 18 December 2013 ownership became legally effective and The Trust Company became wholly owned by Perpetual.
The Trust Company shares a fiduciary and service heritage with Perpetual and is focussed on maintaining the highest fiduciary standards as the businesses merge to become one of the largest independent trustees in Australia – delivering greater scale and capabilities across the two businesses for our clients.
Read the ASX announcement.
For more shareholder information, please visit the following links:
2013 Annual Report
View previous years’ annual reports