Off-Market Buy-Back

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Stock 360 Capital Group (TGP.ASX)
Release Time 14 Apr 2025, 2:56 p.m.
Price Sensitive Yes
 360 Capital Group Announces Off-Market Buy-Back
Key Points
  • Up to 32,567,446 securities to be bought back at $0.65 per security
  • Buyback represents 15.4% of total ordinary securities on issue
  • Buyback price represents a 15% premium to last closing price
Full Summary

360 Capital Group (ASX:TGP) is pleased to announce that it is proceeding with an equal access off-market buyback of up to 32,567,446 securities, representing approximately 15.4% of the total ordinary securities on issue, at a fixed price of $0.65 per security. The buyback is being offered to eligible securityholders registered as holders as of the record date of 22 April 2025. The buyback price of $0.65 per security represents a 15% premium to the last closing price on the ASX, a 9.2% premium to the 10-day volume weighted average price, and a 17.7% discount to the Group's 31 December 2024 net asset value per security. If the Group receives acceptances for securities exceeding the maximum buyback, a scale-back will be applied to ensure no more than 32,567,446 securities are bought back. The buyback consideration will be paid from the Group's existing cash reserves of $86.9 million. Securityholders are encouraged to thoroughly review the implications of the buyback, including the control implications and risk factors, before making a decision.