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Imperial Pacific Limited ( (AU:IPC) ) has shared an announcement.
London City Equities Limited has reached an agreement with Excelsior Capital Limited to withdraw its legal action in the Federal Court of Australia, initially set for trial in February 2026. Excelsior has committed to a company-managed liquidation process, aiming to convert assets into cash, pay liabilities, distribute a fully franked dividend, return capital, and delist from the ASX by June 2026. This resolution aligns with London City’s initial objectives, allowing it to save on legal costs and focus on its investment portfolio. While the exact financial impact on London City is unclear due to limited information on Excelsior’s finances, the increase in cash assets and franking credits is expected to be advantageous.
The most recent analyst rating on (AU:IPC) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Imperial Pacific Limited stock, see the AU:IPC Stock Forecast page.
More about Imperial Pacific Limited
Average Trading Volume: 1,512
Technical Sentiment Signal: Buy
Current Market Cap: A$9.51M
For detailed information about IPC stock, go to TipRanks’ Stock Analysis page.