TT Investments takeover letters sent to securityholders
| Stock | 360 Capital Group (TGP.ASX) |
|---|---|
| Release Time | 22 Sep 2025, 4:23 p.m. |
| Price Sensitive | Yes |
TT Investments takeover letters sent to securityholders
- TT Investments Pty Limited to acquire all 360 Capital Group (TGP) securities not already owned
- Offer price of $0.31 per TGP security, declared 'best and final' and will not be increased
- Bidder already holds 50.50% of TGP and considers likelihood of competing proposal as extremely low
TT Investments Pty Limited ACN 098 158 028 as trustee for the TT Investment Trust ABN 16 299 769 401 (the Bidder) has sent letters to 360 Capital Group (TGP) securityholders regarding its off-market takeover bid to acquire all of the stapled securities in TGP, which consist of fully paid ordinary shares in 360 Capital Group Limited ACN 113 569 136 and fully paid units in 360 Capital Investment Trust ARSN 104 552 598. The Offer price is $0.31 per TGP security, which was increased by the Bidder on 17 September 2025 and has been declared 'best and final' and will not be increased, in the absence of a competing proposal. As at the date of the letter, the Bidder and its associates already have a Relevant Interest in TGP of 50.50%, the Bidder has been the largest securityholder in TGP since 2009, and considers the likelihood of a competing proposal emerging as extremely low. The Offer is unconditional and capable of being accepted immediately once it opens on 29 September 2025, with the Offer period closing at 7:00pm (Sydney Time) on 30 October 2025, unless extended. Securityholders will receive their cash payment of the Offer consideration 7 business days after the date they accept the Offer, provided they have submitted all necessary transfer documents with their acceptance. Securityholders are urged to read the Bidder's Statement carefully and accept the Offer as soon as possible.