Permell: Agostini to offer cash to PHL’s dissenting shareholders

Mi­nor­i­ty share­hold­er ad­vo­cate, Pe­ter Per­me­ll, sub­mit­ted a let­ter to the ed­i­tor yes­ter­day, re­lat­ing to the bid by Agos­ti­ni Ltd to ac­quire 100 per cent of the shares of Pres­tige Hold­ings Ltd (PHL).

In a no­tice dat­ed June 23, 2026, Agos­ti­ni said its share swap of 4.8 PHL shares for 1.0 Agos­ti­ni share, had “for­mal­ly closed.”

In that no­tice, Agos­ti­ni said it re­ceived ap­prox­i­mate­ly 96.8 per cent of shares of the restau­rant man­age­ment com­pa­ny. As PHL has 62,513,002 shares in is­sue, 3.2 per cent of that is 2,096,416 shares.