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360 Capital Group Limited ( (AU:TGP) ) has provided an update.
360 Capital Group announced an update on its proposed off-market buy-back of up to 44.6 million securities at a fixed price of $0.65 per security, which represents a 10.2% premium over the last closing price. The buy-back is contingent upon obtaining necessary waivers from ASIC, which have not yet been secured. The company will continue to pursue these waivers, but there is no certainty the buy-back will proceed, as independent directors will need to assess the efficiency of this capital use against other investment opportunities.
More about 360 Capital Group Limited
360 Capital Group is an ASX-listed investment and funds management group specializing in strategic and active investment management of real estate assets. The company operates in Australia, focusing on real estate equity and credit opportunities, and collaborates with stakeholders to identify, invest in, and realize opportunities.
YTD Price Performance: -4.44%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €72.07M
For an in-depth examination of TGP stock, go to TipRanks’ Stock Analysis page.