Off-Market Equal Access Buy-Back Booklet
| Stock | 360 Capital Group (TGP.ASX) |
|---|---|
| Release Time | 14 Apr 2025, 3 p.m. |
| Price Sensitive | Yes |
360 Capital Group Announces Off-Market Buy-Back of up to 32.6 million Securities
- Buy-Back price of $0.65 per Security, a 15% premium to last closing price
- Buy-Back represents up to 15.4% of total Securities on issue
- Provides Securityholders opportunity to exit investment without brokerage fees
360 Capital Group (ASX:TGP) has announced an off-market equal access buy-back of up to 32,567,446 Securities, representing approximately 15.4% of the total ordinary Securities on issue. The buy-back will be conducted at a fixed price of $0.65 per Security, which is a 15.0% premium to the last closing price on the ASX of $0.565 per Security and a 17.7% discount to the Group's 31 December 2024 net asset value per Security of $0.79. The buy-back provides an opportunity for Securityholders to exit their investment in the Group without incurring brokerage fees and costs. In the event that the total acceptances exceed the Maximum Buy-Back, the number of Securities each Securityholder wishes to sell will be subject to a scale-back. If the total acceptances fall below the Maximum Buy-Back, all accepting Securityholders will have their Securities bought back in full. Securityholders who choose not to participate will maintain their current exposure to the Group. The buy-back consideration will be drawn from the existing cash of the Group, and any Securities bought back will be cancelled immediately upon transfer to the Group.
The Group has not provided any high-importance, price-sensitive forward-looking financial metrics or guidance.
The Group has not provided any forward-looking outlook statements.