360 Capital Group (ASX:TGP) Announces Off-Market Buy-Back
Buy-Back Details
360 Capital Group is proceeding with an equal access off-market buy-back of up to 32,567,446 securities, representing approximately 15.4% of total ordinary securities on issue. The buy-back is priced at $0.65 per security and will open on Thursday, 24 April 2025, closing at 5:00pm on Wednesday, 14 May 2025.
Financial Implications
The buy-back offers securityholders the opportunity to exit their investment at $0.65 per security, which is 15% above the last closing price, 9.2% above the 10-day volume weighted average price, and a 17.7% discount to the net asset value as of 31 December 2024. The consideration will be paid from the Group’s existing cash reserves of $86.9 million.
How to Apply
Eligible securityholders must submit their buy-back election forms by 5:00pm on 14 May 2025. Detailed information is available in the Booklet on the Group’s website or by contacting investor relations.
Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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